Pinnacle West Capital Corporation (NYSE:PNW) is one of the
15 Best Power Generation Stocks To Buy For Data Center Demand.
On May 5, 2026, Barclays analyst Nicholas Campanella raised the firm’s price target on Pinnacle West Capital Corporation (NYSE:PNW) to $102 from $101 and maintained an Equal Weight rating following the company’s Q1 report. The analyst said Pinnacle West delivered a solid start to 2026, though the first quarter represents a relatively small portion of the company’s full-year earnings contribution.
On May 4, 2026, Pinnacle West Capital Corporation (NYSE:PNW) reported Q1 EPS of 27c, ahead of the 1c consensus estimate, while revenue came in at $1.15B compared to expectations of $1.08B. The company said results benefited from higher transmission revenues, lower operations and maintenance expenses, weather impacts, and customer growth and usage trends, partially offset by higher interest expense, income taxes, and depreciation costs. CEO Ted Geisler said Arizona experienced its warmest winter on record, with elevated temperatures continuing into spring, resulting in stronger-than-normal energy usage from retail customers during the quarter. Pinnacle West maintained its FY26 EPS outlook of $4.55-$4.75, compared to consensus estimates of $4.70.
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Ahead of earnings, Morgan Stanley analyst David Arcaro lowered the firm’s price target on Pinnacle West Capital Corporation (NYSE:PNW) to $98 from $99 and maintained an Equal Weight rating as part of a broader update on North American regulated and diversified utilities and IPPs.
Pinnacle West Capital Corporation (NYSE:PNW), through its subsidiary, provides retail and wholesale electric services in Arizona.
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