PNW

In the past six months (April-October 2026), Pinnacle West reported Q1 2026 consolidated net income of $32.9 million ($0.27 per diluted share), an improvement from the prior year, driven by hotter weather and 2.2% customer growth. Q2 2026 saw consolidated net income of $178.6 million ($1.43 per diluted share), lower than 2025 due to higher interest and depreciation, but with strong operating performance and increased energy demand. Strategic developments include acquiring more Palo Verde nuclear plant interests in September 2025, plans to convert two Cholla plant units from coal to natural gas in July 2026, securing a long-term natural gas pipeline agreement in July 2025, and approval for an AI-based wildfire mitigation plan in May 2026. Analyst ratings show a consensus 'Hold' with a price target of approximately $101.64, forecasting a 2.87% upside, though some analysts note negative EPS expectations for 2026 and 2027 due to regulatory uncertainties, while others highlight strong retail sales and customer growth.