Should I Buy PNW? PNW 2026 Analysis

Should You Buy Pinnacle West Capital Corp (PNW) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

94.070

1 Day change

0.42%

52 Week Range

96.500

Analysis Updated At

2026/01/26

Pinnacle West Capital Corp (PNW) is not a strong buy at the moment for a beginner investor with a long-term strategy. The technical indicators show a neutral trend, and there are no strong proprietary trading signals. Additionally, insider and hedge fund selling, coupled with mixed analyst ratings and lack of recent positive news, suggest caution. While the company's financials show modest growth, the near-term stock trend indicates potential downside, making it less attractive for immediate investment.

Technical Analysis

The MACD histogram is positive at 0.314, indicating a slight bullish momentum, but it is contracting. RSI is neutral at 55.616, and moving averages are converging, showing no clear trend. The stock is trading near its pivot point of 91.568, with resistance levels at 93.581 and 94.825, and support levels at 89.555 and 88.311.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Gross margin also improved slightly to 51.64%.

Neutral/Negative Catalysts

Hedge funds and insiders are selling significantly, with hedge fund selling up 843.58% and insider selling up 325.01%. Analyst ratings are mixed, with some downgrades and price target reductions. No recent news or event-driven catalysts. Stock trend analysis indicates a 60% chance of a decline in the short term.

Financial Performance

In Q3 2025, Pinnacle West's revenue increased to $1.82 billion (+2.94% YoY), net income rose to $413.2 million (+4.62% YoY), EPS increased to $3.39 (+0.59% YoY), and gross margin improved to 51.64% (+0.60% YoY).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analyst ratings are mixed. RBC Capital raised the price target to $103, while Morgan Stanley and Wells Fargo remain cautious with price targets of $89 and $91, respectively. KeyBanc downgraded the stock to Sector Weight, citing delayed impacts of the FRP transition.

8 Analyst Rating

Wall Street analysts forecast PNW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PNW is 94.14 USD with a low forecast of 85 USD and a high forecast of 99 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

8 Hold

0 Sell

Hold

Current: 93.680

Low

Averages

94.14

High

Current: 93.680

Low

Averages

94.14

High

RBC Capital

Stephen D'Ambrisi

Sector Perform

maintain

$99 -> $103

AI Analysis

2026-01-23

Reason

RBC Capital

Stephen D'Ambrisi

Price Target

$99 -> $103

AI Analysis

2026-01-23

maintain

Sector Perform

Reason

RBC Capital analyst Stephen D'Ambrisi raised the firm's price target on Pinnacle West to $103 from $99 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 earnings in Utilities. As has been the trend across the space over the last 18 months given the rapidly changing capital deployment landscape, a number of utilities that are typically Q4 roll-forward companies gave off-cycle or early previews of updated capital plans, prompting the firm to revise its model in the sector, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight

maintain

$85 -> $89

2026-01-21

Reason

Morgan Stanley

Price Target

$85 -> $89

2026-01-21

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on Pinnacle West to $89 from $85 and keeps an Equal Weight rating on the shares. The firm is updating its Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P's return in December, the analyst tells investors.

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PNW Should I Buy

PNW Should I Buy

Should You Buy Pinnacle West Capital Corp (PNW) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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