PNWPNWUtilities · Utilities - Regulated Electric

PNW Stock Forecast: Pinnacle West Capital Corp. Price Predictions for 2026-2027

Last close, 18 Sept 2026
$94
−1.44% on the day

The 16 Wall Street analysts covering Pinnacle West Capital Corp. hold a median 12-month price target of $106 — +12.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 32 of 100 as at 19 Sept 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$11.4B
Ticker Nerd rank
32 / 100
Median analyst target
$106
Analysts covering
16
Revenue$1.5B+7.1% y/y
Operating income$305.7M
Net income$180.8M
Free cash flow−$334.7M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−2.0%
1M
−5.9%
YTD
+9.2%
1Y
+13.9%
From 52W high
−13.1%
From 52W low
+13.9%
$83
$108
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

PNW stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Pinnacle West Capital Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 19 Sept 2026
32 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Volatility
86
Momentum
63
Revisions
62
Growth
55
Value
50
Accruals
36
Issuance
25
Quality
22
Size
14

Volatility (86): The share price has been relatively steady.

Quality (22): Profits are thin or unreliable for the size of the business, or they are not turning into cash.

Size (14): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

PNW stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on PNW, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$80$90$100$110$120$130Oct 25Jan 26Apr 26Jul 26PNWHigh $129Median $106Low $87

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says16 analysts
4 Buy11 Hold1 Sell
Low $87Median $106High $129

The green dot is the last close — the median target sits +12.5% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 1 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
21 Aug 2026Morgan StanleyMaintainsEqual-Weight$97$94
17 Aug 2026Truist SecuritiesMaintainsHold$107$101
22 July 2026BMO CapitalMaintainsMarket Perform$106$104
22 July 2026BMO CapitalMaintainsMarket Perform
1 July 2026BarclaysMaintainsEqual-Weight
1 July 2026BarclaysMaintainsEqual-Weight$102$108
29 May 2026Truist SecuritiesMaintainsHold
15 May 2026TD CowenMaintainsHold
5 May 2026BarclaysMaintainsEqual-Weight
21 Apr 2026Morgan StanleyMaintainsEqual-Weight
21 Apr 2026Truist SecuritiesInitiatesHold
14 Apr 2026Argus ResearchMaintainsBuy
31 Mar 2026BarclaysMaintainsEqual-Weight
26 Feb 2026BMO CapitalMaintainsMarket Perform
26 Feb 2026CitigroupMaintainsNeutral
26 Feb 2026TD CowenMaintainsHold
26 Feb 2026Wells FargoMaintainsEqual-Weight
20 Jan 2026Wells FargoMaintainsEqual-Weight
15 Jan 2026BarclaysMaintainsEqual-Weight
17 Dec 2025UBSMaintainsNeutral

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. PNW appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

PNW vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 18 Sept 2026, Pinnacle West Capital Corp. returned +13.9% against +16.3% for the S&P 500, dividends included.

PNW vs S&P 500, last 12 monthsTotal return, rebased to 100
100110120130Oct 25Jan 26Apr 26Jul 26PNWS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

PNW analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+0.2%
Analysts raising
3
Analysts cutting
0
Fundamentals

Pinnacle West Capital Corp. (PNW) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
18.4×

Cheaper than 40% of US stocks

Price / sales
2.1×

Cheaper than 52% of US stocks

Price / book
1.6×

Cheaper than 52% of US stocks

EV / EBITDA
13.0×

Cheaper than 27% of US stocks

Growth & margins
Revenue growth (YoY)
7.1%

Higher than 44% of US stocks

Earnings growth (YoY)
−7.3%

Higher than 28% of US stocks

Gross margin
42.2%

Higher than 52% of US stocks

Operating margin
21.3%

Higher than 81% of US stocks

Net margin
11.5%

Higher than 73% of US stocks

Returns & dividend
Return on equity
9.4%

Higher than 62% of US stocks

Return on assets
2.3%

Higher than 61% of US stocks

Dividend yield
3.9%

Higher than 74% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Pinnacle West Capital Corp. (PNW) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Pinnacle West Capital Corp. has a market value of $11.4B and an enterprise value of $28.0B.

  • Revenue in the twelve months to 30 June 2026: $5.6B. The latest quarter grew 7.1% year on year.

  • Net income over the same four quarters: $651.0M, a 11.7% net margin.

  • Diluted earnings per share, trailing twelve months: $5.22.

  • Free cash flow in the twelve months to 30 June 2026: −$878.5M, after $2.6B of capital spending.

  • Pinnacle West Capital Corp. spent $431.4M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 121.2M.

  • Trailing P/E: 18.4×; forward P/E: 16.9× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 3.86%, paying out 70% of earnings.

  • Pinnacle West Capital Corp. employs 6,610 people $840K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 19 Sept 2026

Data provided by Twelve Data

Peers

PNW vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelUtilities - Regulated Electric
CompanyMarket capTKN rank
PNWPinnacle West Capital Corp.$11.4B
32
OGEOGE Energy Corp.$9.4B
58
LNTAlliant Energy Corp.$16.9B
32
IDAIDACORP, Inc.$7.3B
24
EVRGEvergy, Inc.$18.4B
52
CMSCMS Energy Corp.$19.9B
33
TXNMTXNM Energy, Inc.$6.4B
43

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Pinnacle West Capital Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest PNW news & analysis

3 Wind Energy Stocks Worth Adding to Your Portfolio Right Now

Zacks Investment Research · 3 Sept 2026positive

Zacks highlights Pinnacle West Capital, along with MGE Energy and Vestas Wind Systems, as stocks offering exposure to expanding wind capacity, clean-energy investment, and strong turbine demand.

Why it matters — A PNW watcher would care because the article positions Pinnacle West as a beneficiary of growing wind and clean-energy investment trends.

Why Is Pinnacle West (PNW) Down 4.1% Since Last Earnings Report?

Zacks Investment Research · 3 Sept 2026negative

Pinnacle West (PNW) reported earnings 30 days ago, and its stock has declined 4.1% since that report. The article examines what may come next for the company's shares following the earnings release.

Why it matters — A PNW watcher would care because the post-earnings stock decline and the outlook following the report indicate how the market is responding to the company's latest financial results.

3 Stocks With Sustainable Sales Growth Worth Buying Now

Zacks Investment Research · 25 Aug 2026positive

Zacks Investment Research highlighted Pinnacle West Capital as one of three stocks with sustainable sales growth and financial strength going forward, alongside Super Micro Computer and State Street.

Why it matters — The mention positions PNW among companies recognized for sustainable sales growth and financial strength, which is relevant to investors tracking its growth outlook.

Will PNW's Cost-Control Efforts Support Long-Term Earnings Growth?

Zacks Investment Research · 21 Aug 2026positive

Zacks reports that Pinnacle West Capital's disciplined cost control and lower operations and maintenance expenses are supporting flexibility for infrastructure spending and long-term earnings growth.

Why it matters — PNW watchers would care because the company's cost-control efforts could support its ability to invest in infrastructure and sustain long-term earnings growth.

Pinnacle West Capital Q2 Earnings Call Highlights

MarketBeat · 5 Aug 2026negative

Pinnacle West Capital reported Q2 2026 earnings of $1.43 per share, down $0.15 from a year earlier. Higher interest expense, depreciation and amortization, and lower transmission revenue weighed on results, though strong weather-driven demand and customer growth provided some offset.

Why it matters — The earnings decline signals that rising costs are pressuring profitability even as the utility benefits from customer and demand growth.

FAQ

Frequently asked questions about PNW stock

What is the PNW stock price forecast for 2026-2027?

The 16 Wall Street analysts covering Pinnacle West Capital Corp. have a median 12-month price target of $106, with estimates ranging from $87 to $129. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is PNW stock a buy right now?

Of the 16 analysts covering Pinnacle West Capital Corp., 4 rate it a Buy, 11 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Pinnacle West Capital Corp. 32 out of 100 across roughly 4,600 US stocks as at 19 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PNW?

As at 19 Sept 2026, Pinnacle West Capital Corp. ranks 32 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Volatility (86 of 100).

Will PNW stock go up?

No one can know that. What the data says: the median 12-month target from 16 analysts implies +12.5% from the last close, and Ticker Nerd's factor model ranks Pinnacle West Capital Corp. 32 out of 100 as at 19 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the PNW stock forecast for 2030?

No analyst covering Pinnacle West Capital Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for PNW are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $87 to $129 over the next 12 months.

How has PNW stock performed over the past year?

Pinnacle West Capital Corp. returned +13.9% over the 12 months to 18 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Pinnacle West Capital Corp. do?

Pinnacle West Capital Corporation is an investor-owned electric utility holding company based in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service, it provides regulated retail and wholesale electricity services across much of Arizona, serving homes, businesses, and industrial customers.

What is the latest news on PNW?

The most recent item we track (Zacks Investment Research, 3 Sept 2026): "3 Wind Energy Stocks Worth Adding to Your Portfolio Right Now". Zacks highlights Pinnacle West Capital, along with MGE Energy and Vestas Wind Systems, as stocks offering exposure to expanding wind capacity, clean-energy investment, and strong turbine demand.

Company

About Pinnacle West Capital Corp.

Pinnacle West Capital Corporation is an investor-owned electric utility holding company based in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service, it provides regulated retail and wholesale electricity services across much of Arizona, serving homes, businesses, and industrial customers. The company’s core operations include electricity generation, transmission, and distribution, supported by a diversified mix of nuclear, natural gas, coal, oil, and solar assets. It also manages substations, overhead and underground lines, and energy storage facilities as part of its grid infrastructure. Pinnacle West Capital Corporation plays a central role in Arizona’s power supply and utility network, focusing on reliable service delivery and the operation of essential energy assets within the regulated electric utility market.

CEO Mr. Theodore N. Geisler · 6,610 employees · United States · https://www.pinnaclewest.com