PNW Should I Buy
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Pinnacle West Capital Corp (PNW) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the technical indicators show some bullish trends, the lack of strong positive catalysts, insider and hedge fund selling, and mixed analyst ratings make this stock a hold rather than a buy. The investor should monitor the stock further, especially with the upcoming earnings report on February 25, 2026.
The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200) and a positive MACD histogram (0.339). RSI is neutral at 66.476. Key resistance levels are R1: 99.556 and R2: 101.441, with the current pre-market price at 98.41, nearing resistance. The stock has a 60% chance of a slight 0.29% increase in the next day but a potential -4.44% decline in the next week.
Bullish technical indicators; upcoming earnings report on February 25, 2026, which could provide clarity on future performance.
Hedge funds and insiders are selling significantly (843.58% and 325.01% increases, respectively). Analyst ratings and price targets are mixed, with no strong consensus. No recent news or Congress trading data to suggest positive momentum.
In Q3 2025, revenue increased by 2.94% YoY to $1.82B, net income rose by 4.62% YoY to $413.2M, and EPS grew by 0.59% YoY to 3.39. Gross margin improved slightly to 51.64%, up 0.60% YoY. While these metrics show steady growth, they are not significant enough to act as a strong buy signal.
Analyst ratings are mixed. RBC Capital raised its price target to $103 with a Sector Perform rating, while Morgan Stanley raised its target to $89 but maintained an Equal Weight rating. Wells Fargo lowered its target to $91, citing a catalyst-rich story but remaining cautious. KeyBanc downgraded the stock, citing delayed impacts of regulatory changes until 2028.
