Pinnacle West: An AI Load Growth Beneficiary, But Fairly Priced (Rating Upgrade)

Pinnacle West (PNW) is upgraded from sell to hold as shares approach fair value after a strong technical breakout and solid Q1 results. PNW delivered Q1 GAAP EPS of $0.27 and revenue of $1.15B, beating expectations, with robust 9.4% retail sales growth driven by 14.6% C&I demand. Management reaffirmed FY 2026 EPS guidance of $4.55–$4.75 and targets 5–7% long-term EPS growth, supported by $10.4B capex through 2028.

Seeking Alpha • May 5, 2026

Pinnacle West Q1 Earnings Beat Estimates, Revenues Increase Y/Y

PNW beats Q1 earnings estimates as revenues rise 11% year over year and the company reaffirms its 2026 earnings outlook.

Zacks Investment Research • May 4, 2026

Pinnacle West Capital Corporation (PNW) Q1 2026 Earnings Call Transcript

Pinnacle West Capital Corporation (PNW) Q1 2026 Earnings Call Transcript

Seeking Alpha • May 4, 2026

Pinnacle West Reports 2026 First-Quarter Financial Results

PHOENIX--(BUSINESS WIRE)--Pinnacle West reports first-quarter 2026 financial results driven by hotter-than-normal weather.

Business Wire • May 4, 2026

Pinnacle West (PNW) Surpasses Q1 Earnings and Revenue Estimates

Pinnacle West (PNW) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to a loss of $0.04 per share a year ago.

Zacks Investment Research • May 4, 2026

PAM vs. PNW: Which Stock Should Value Investors Buy Now?

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Pampa Energia (PAM) and Pinnacle West (PNW). But which of these two stocks presents investors with the better value opportunity right now?

Zacks Investment Research • May 4, 2026

Will Pinnacle West (PNW) Beat Estimates Again in Its Next Earnings Report?

Pinnacle West (PNW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Zacks Investment Research • Apr 28, 2026

Pinnacle West (PNW) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Pinnacle West (PNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research • Apr 27, 2026

Pinnacle West Declares Quarterly Dividend

PHOENIX--(BUSINESS WIRE)--Pinnacle West declared a quarterly dividend of $0.91 per share of common stock, payable on June 1, 2026, to shareholders of record on May 4, 2026.

Business Wire • Apr 22, 2026

Pinnacle West Sets Date for 2026 First-Quarter Financial Results, Webcast/Conference Call

PHOENIX--(BUSINESS WIRE)--Pinnacle West plans to release its 2026 first-quarter financial results before U.S. financial markets open on Monday, May 4, 2026.

Business Wire • Apr 6, 2026