PNWPNWUtilities · Utilities - Regulated Electric

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

Last close, 4 Nov 2026
$106
−2.01% on the day

The 18 Wall Street analysts covering Pinnacle West Capital Corp. hold a median 12-month price target of $104 — -1.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 49 of 100 as at 4 Nov 2026 — in the lower half.

Market cap
$13.1B
Ticker Nerd rank
49/ 100
Median analyst target
$104
Analysts covering
18
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
+1.5%
1M
+11.0%
YTD
+23.4%
1Y
+22.5%
From 52W high
−2.0%
From 52W low
+26.5%
$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 4 Nov 2026
49/ 100

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

Momentum
86
Revisions
82
Volatility
81
Growth
69
Value
46
Accruals
37
Issuance
24
Quality
22
Size
13

Momentum (86): The shares have been drifting up relative to others.

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

Size (13): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ 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$120Jan 26Apr 26Jul 26Oct 26PNWHigh $120Median $104Low $89

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 says18 analysts
6 Buy11 Hold1 Sell
Low $89Median $104High $120

The green dot is the last close — the median target sits −1.5% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 7 moved it down.

DateFirmActionRatingTarget
22 Oct 2026HSBCInitiatesBuy$120
21 Oct 2026Morgan StanleyMaintainsEqual-Weight$89 → $91
5 Oct 2026JefferiesMaintainsBuy—
5 Oct 2026JefferiesMaintainsBuy$129 → $109
5 Oct 2026Truist SecuritiesMaintainsHold—
5 Oct 2026Truist SecuritiesMaintainsHold$101 → $99
1 Oct 2026BarclaysMaintainsEqual-Weight$108 → $94
1 Oct 2026BarclaysMaintainsEqual-Weight—
29 Sept 2026ScotiabankInitiatesSector Outperform$104
29 Sept 2026ScotiabankInitiatesSector Outperform—
18 Sept 2026Morgan StanleyMaintainsEqual-Weight—
18 Sept 2026Morgan StanleyMaintainsEqual-Weight$94 → $89
21 Aug 2026Morgan StanleyMaintainsEqual-Weight—
21 Aug 2026Morgan StanleyMaintainsEqual-Weight$97 → $94
17 Aug 2026Truist SecuritiesMaintainsHold$107 → $101
17 Aug 2026Truist SecuritiesMaintainsHold—
22 July 2026BMO CapitalMaintainsMarket Perform$106 → $104
22 July 2026BMO CapitalMaintainsMarket Perform—
1 July 2026BarclaysMaintainsEqual-Weight—
1 July 2026BarclaysMaintainsEqual-Weight$102 → $108

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.

PNW appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
  • The AI build-out map, free: every AI company we track, part by part, and one part in full with each verdict.

Free. Unsubscribe any time.

The AI build-out map
PDF
  • AI cloud capacity

    MSFTAMZNGOOGLORCL

  • AI chips

    NVDAAVGOAMDMU

  • AI networking and serversIn full

    ANETDELLLITECRDO

  • Data centre power

    VRTCEGGEVVST

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 4 Nov 2026, Pinnacle West Capital Corp. returned +22.5% against +14.8% for the S&P 500, dividends included.

PNW vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120130Jan 26Apr 26Jul 26Oct 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 movingThis fiscal year
EPS revision, 90 days
+2.3%
Analysts raising
1
Analysts cutting
1
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
20.6×

Cheaper than 37% of US stocks

Price / sales
2.3×

Cheaper than 47% of US stocks

Price / book
1.8×

Cheaper than 45% of US stocks

EV / EBITDA
13.7×

Cheaper than 26% of US stocks

Growth & margins
Revenue growth (YoY)
7.1%

Higher than 45% of US stocks

Earnings growth (YoY)
−7.3%

Higher than 29% 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 72% 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
3.4%

Higher than 89% 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 $13.1B and an enterprise value of $29.4B.

  • 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: 20.6×; forward P/E: 19.3× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 3.43%, 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 5 Nov 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.$13.1B49
OGEOGE Energy Corp.$10.4B69
IDAIDACORP, Inc.$8.7B23
LNTAlliant Energy Corp.$19.1B26
EVRGEvergy, Inc.$19.9B58
CMSCMS Energy Corp.$21.6B26
EIXEdison International$23.7B62

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

What Pinnacle West Capital (PNW) Said on Its Q3 Earnings Call

MarketBeat · 4 Nov 2026positive

Pinnacle West Capital reported third-quarter results and raised its full-year earnings and sales-growth outlook. The company cited stronger demand across customer classes, favorable weather, and continued economic development in Arizona.

Why it matters — PNW watchers may note the higher outlook and the operating factors the company said supported its results.

Pinnacle West Q3 Earnings Beat Estimates on Strong Sales Growth

Zacks Investment Research · 3 Nov 2026positive

Pinnacle West beat Q3 2026 earnings and revenue estimates, with strong electricity demand and customer growth driving gains despite rising costs.

Why it matters — The results highlight how electricity demand and customer growth contributed to PNW's quarterly performance amid rising costs.

Pinnacle West Capital Corporation (PNW) Q3 2026 Earnings Call Transcript

Seeking Alpha · 3 Nov 2026neutral

The excerpt provides only the headline for Pinnacle West Capital Corporation’s Q3 2026 earnings call transcript and no details about the call.

Why it matters — PNW watchers can note that a Q3 2026 earnings-call transcript is the subject, but the excerpt contains no company updates to assess.

Pinnacle West (PNW) Tops Q3 Earnings and Revenue Estimates

Zacks Investment Research · 3 Nov 2026positive

Pinnacle West reported quarterly earnings of $3.49 per share, exceeding the Zacks Consensus Estimate of $3.40. Earnings were $3.39 per share in the same period a year earlier.

Why it matters — The results show PNW’s quarterly earnings surpassed the consensus estimate and were higher than a year earlier.

Pinnacle West Reports 2026 Third-Quarter Financial Results

Business Wire · 3 Nov 2026positive

Pinnacle West reported its 2026 third-quarter financial results. The company said continued sales growth and summer weather drove the quarter’s earnings.

Why it matters — The results provide PNW watchers with an update on quarterly earnings and the factors the company cited as contributing to them.

FAQ

Frequently asked questions about PNW stock

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

The 18 Wall Street analysts covering Pinnacle West Capital Corp. have a median 12-month price target of $104, with estimates ranging from $89 to $120. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is PNW stock a buy right now?

Of the 18 analysts covering Pinnacle West Capital Corp., 6 rate it a Buy, 11 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Pinnacle West Capital Corp. 49 out of 100 across roughly 4,600 US stocks as at 4 Nov 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PNW?

As at 4 Nov 2026, Pinnacle West Capital Corp. ranks 49 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 Momentum (86 of 100).

Will PNW stock go up?

No one can know that. What the data says: the median 12-month target from 18 analysts implies -1.5% from the last close, and Ticker Nerd's factor model ranks Pinnacle West Capital Corp. 49 out of 100 as at 4 Nov 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: $89 to $120 over the next 12 months.

How has PNW stock performed over the past year?

Pinnacle West Capital Corp. returned +22.5% over the 12 months to 4 Nov 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 (MarketBeat, 4 Nov 2026): "What Pinnacle West Capital (PNW) Said on Its Q3 Earnings Call". Pinnacle West Capital reported third-quarter results and raised its full-year earnings and sales-growth outlook. The company cited stronger demand across customer classes, favorable weather, and continued economic development in Arizona.

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