
PNW Stock Forecast & Price Target
PNW Analyst Ratings
Bulls say
Pinnacle West Capital demonstrated strong retail sales growth of 5.2% for the quarter, alongside a 2.4% increase in its customer base, indicating robust demand and an expanding market presence. The company projects a conservative capital expenditure growth of 2% year-over-year, while also highlighting the potential for additional positive impacts from upcoming transmission projects, supported by favorable economic conditions. Furthermore, management has reaffirmed a long-term outlook of 4-6% sales growth and 1.5-2.5% customer growth, reflecting confidence in sustained operational performance and market expansion.
Bears say
Pinnacle West Capital's financial results have shown a year-over-year decline of approximately 10%, primarily due to increased operating and maintenance costs, along with other negative factors impacting earnings. The company has experienced a bias toward negative earnings per share expectations for 2026 and 2027, following the procedural schedule announcement in the Arizona Public Service rate case. Furthermore, the stock underperformed by about 500 basis points, indicating declining investor confidence amid these financial challenges and outlook revisions.
This aggregate rating is based on analysts' research of Pinnacle West Capital and is not a guaranteed prediction by Public.com or investment advice.
PNW Analyst Forecast & Price Prediction
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