Pinnacle West stock gains 0.72 percent as targets diverge
Published on 09/28/2026 at 10:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Pinnacle West (ISIN US7234841010) was last at USD 91.74 on the NYSE on September 25, 2026 at 3:59 p.m. ET, up 0.72 percent from the prior close. The latest debate combines a second-quarter earnings miss with conflicting analyst valuation signals.
Targets point in different directions
According to MarketScreener on September 18, 2026, Morgan Stanley cut its price target to USD 89.00 from USD 94.00 and retained an Equalweight rating. That target sits 3.00 percent below the September 25 price.
A broader view is less cautious. MarketBeat reported on September 23, 2026, that the average rating was Hold and the average 12-month price target was USD 104.23, 13.62 percent above the latest price.
Revenue rose, EPS missed
Zacks reported on September 3, 2026, that Pinnacle West delivered second-quarter 2026 revenue of USD 1.46 billion, up 7.1 percent from USD 1.36 billion a year earlier and 3.93 percent above consensus.
Adjusted or GAAP classification is not specified in the cited earnings summary, so the comparison stays at the reported earnings level. Earnings per share came in at USD 1.43, below the USD 1.49 consensus estimate and down 9.5 percent from USD 1.58 in the year-ago quarter.
Capital plans shape the outlook
The company reaffirmed 2026 consolidated EPS guidance of USD 4.55 to USD 4.75 and projected 5 percent to 7 percent long-term EPS growth from the 2024 earnings base, according to Zacks.
A September 4, 2026 filing update outlined an APS capital plan of USD 10.35 billion for 2025 through 2028 and a proposed USD 609 million net revenue increase in the Arizona rate case, according to StockTitan. The filing also described a planned 14.69 percent day-one customer bill impact, making regulatory approval and financing central to the earnings path.
Stock stays below its yearly high
The September 25 session ranged from USD 90.34 to USD 91.93 on volume of 1,479,386 shares. At USD 91.74, Pinnacle West remained 17.47 percent below its 52-week high of USD 111.16, while its market capitalization stood at USD 11.1 billion.
NYSE snapshot holds the key numbers
Pinnacle West stock was last at USD 91.74 on the NYSE on September 25, 2026 at 3:59 p.m. ET, with a daily gain of 0.72 percent. The combination of 7.1 percent revenue growth, a 4.03 percent revenue beat and a 9.5 percent EPS decline leaves the next results as an important test of the utility's investment and regulatory strategy.
Pinnacle West market snapshot
- Company: Pinnacle West Capital Corporation
- ISIN: US7234841010
- Ticker: PNW
- Trading venue: NYSE
- Price (as of September 25, 2026, 3:59 p.m. ET): USD 91.74
- Market capitalization: USD 11.1 billion (as of September 25, 2026)
- 52-week range: USD 85.91-111.16 (as of September 25, 2026)
- Sector / Industry: Utilities / Regulated Electric
