Pinnacle West stock gets a USD 104 Scotiabank target

Published on 10/05/2026 at 18:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pinnacle West stock trades at USD 96.53 on October 5, 2026, while Scotiabank sees USD 4.72 in FY2026 EPS. Q2 revenue rose 7.1 percent year over year.

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Pinnacle West (ISIN US7234841010) was trading at USD 96.53 on the NYSE on October 5, 2026, at 12:35 p.m. ET, up 0.64 percent from the prior close. Scotiabank assigns the utility a Sector Outperform rating and a USD 104 price target, according to MarketBeat on October 5, 2026.

Scotiabank sees USD 4.72 EPS

Scotiabank analyst I. Rapp expects Pinnacle West to earn USD 4.72 per share in fiscal year 2026 and USD 5.63 in fiscal year 2027. The USD 104 target lies 7.2 percent above the NYSE price of USD 96.53, a gap that leaves the analyst view above the current quotation.

The broader consensus is Hold from 15 analysts, comprising four Buy ratings and 11 Hold ratings, with an average target of USD 103.21, according to MarketBeat. That average target lies 6.9 percent above the October 5 price.

Revenue grows while EPS declines

In the second quarter of 2026, Pinnacle West generated USD 1.455 billion in revenue, up 7.1 percent from USD 1.359 billion in the second quarter of 2025. Diluted EPS declined to USD 1.43 from USD 1.58, a 9.5 percent decrease, while revenue exceeded the USD 1.390 billion consensus estimate, according to StockTitan.

Management reaffirmed fiscal-year 2026 adjusted? No, consolidated EPS guidance of USD 4.55 to USD 4.75 on a weather-normalized basis. The same filing reported first-half diluted EPS of USD 1.70, compared with USD 1.54 in the first half of 2025, and customer growth of 2.1 percent.

November results set the next checkpoint

Pinnacle West plans to publish third-quarter 2026 results before the U.S. market opens on November 3, 2026, followed by an 11:00 a.m. ET conference call, as reported by ScanX News on October 3, 2026.

A second regulatory checkpoint is the Arizona Public Service rate case, where a USD 609 million net revenue increase is proposed and a final decision is estimated for December 2026, according to StockTitan. The outcome matters because Pinnacle West is financing generation, transmission and distribution investment while higher interest and depreciation costs are weighing on quarterly profit.

Pinnacle West stock trades near its yearly midpoint

Pinnacle West stock was trading at USD 96.53 on the NYSE on October 5, 2026, with a 52-week range of USD 86.18 to USD 111.16 and a market capitalization of USD 11.7 billion. Volume stood at 343,531 shares, putting the price 13.2 percent below the 52-week high.