Pinnacle West Capital Corp (PNW)

Pinnacle West Capital Corp.'s stock price increased by 14.69% between July 15, 2024, and July 14, 2025. In Q1 2025, the company reported a net loss of $4.6 million, missing earnings forecasts, but revenue surpassed expectations at $1.03 billion. The company affirmed its full-year 2025 earnings guidance of $4.40 to $4.60 per diluted share. Analyst ratings include "Overweight" from Keybanc, and "Buy" from Guggenheim and Jefferies. Price targets range from $87.0 to $100.0. Insider trading activity shows sales by Jacob Tetlow and Paul J. Mountain.

Demand for Pinnacle West Capital Corp.'s electricity is highly seasonal, increasing during Arizona's summer months due to higher temperatures and cooling needs. APS experienced record peak energy demand during the summer of 2024. The Four Corners Power Plant operates seasonally during peak demand. The company uses Cooling Degree-Days (CDD) and Heating Degree-Days (HDD) to estimate the impact of weather conditions on energy sales. The company anticipates continued robust customer and electricity sales growth, driven by Arizona's growing population and economic expansion.

Pinnacle West Capital Corp. (PNW) is an energy holding company focused on regulated retail and wholesale electricity businesses. It generates, transmits, and distributes electricity through its subsidiary, Arizona Public Service (APS). The company's energy sources include nuclear, coal, natural gas, and renewables. APS co-owns and operates the Palo Verde Generating Station, a key source of clean electricity.

Pinnacle West Capital Corp.'s geographic footprint is concentrated in Arizona. Through APS, the company provides electric service to approximately 1.4 million customers across a 35,000-square-mile territory in central Arizona, including the Phoenix area.

Pinnacle West Capital Corp., through APS, has focused on enhancing its brand reputation through reliability, sustainability, and community engagement. Customer satisfaction has improved, with high rankings in J.D. Power surveys. APS introduced a redesigned customer bill, increased energy support, maintained a summer moratorium on disconnects, and partnered with non-profits. APS filed an application with the Arizona Corporation Commission (ACC) in June 2025 to update its rates.

Pinnacle West Capital Corp. is primarily owned by institutional shareholders, holding 93.83% of the stock. Individual investors hold 5.01%, and insiders hold 1.16%. Major institutional owners include Vanguard Group Inc., Capital Research Global Investors, and BlackRock, Inc.