Pinnacle West Capital (PNW) Stock Forecast, Price Target & Predictions
PNW Stock Forecast
Pinnacle West Capital stock forecast is as follows: an average price target of $78.44 (represents a -14.54% downside from PNW’s last price of $91.79) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
PNW Price Target
The average price target for Pinnacle West Capital (PNW) is $78.44 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $98.00 to $59.00. This represents a potential -14.54% downside from PNW's last price of $91.79.
PNW Analyst Ratings
According to 11 Wall Street analysts, Pinnacle West Capital's rating consensus is 'Buy'. The analyst rating breakdown for PNW stock is 0 'Strong Buy' (0.00%), 5 'Buy' (45.45%), 5 'Hold' (45.45%), 1 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).
Pinnacle West Capital Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 18, 2024 | Nicholas Campanella | Barclays | $91.00 | $86.00 | 5.81% | -0.86% |
| Oct 29, 2024 | Tony Crowdell | Mizuho Securities | $98.00 | $88.23 | 11.07% | 6.77% |
| Sep 25, 2024 | David Arcaro | Morgan Stanley | $83.00 | $89.42 | -7.18% | -9.58% |
| Sep 19, 2024 | Tony Crowdell | Mizuho Securities | $75.00 | $88.70 | -15.45% | -18.29% |
| Jun 05, 2024 | Sarah Akers | Wells Fargo | $80.00 | $78.00 | 2.56% | -12.84% |
| Mar 11, 2024 | Daniel Ford | UBS | $71.00 | $72.30 | -1.80% | -22.65% |
| Jan 22, 2024 | Shahriar Pourreza | Guggenheim | $78.00 | $69.40 | 12.39% | -15.02% |
| Aug 22, 2023 | Tony Crowdell | Mizuho Securities | $85.00 | $77.68 | 9.42% | -7.40% |
| Nov 11, 2022 | - | Morgan Stanley | $67.00 | $71.63 | -6.46% | -27.01% |
| Sep 22, 2022 | - | Morgan Stanley | $76.00 | $72.70 | 4.54% | -17.20% |
The latest Pinnacle West Capital stock forecast, released on Nov 18, 2024 by Nicholas Campanella from Barclays, set a price target of $91.00, which represents a 5.81% increase from the stock price at the time of the forecast ($86.00), and a -0.86% decrease from PNW last price ($91.79).
Pinnacle West Capital Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 7 |
| Avg Price Target | $94.50 | $86.75 | $82.29 |
| Last Closing Price | $91.79 | $91.79 | $91.79 |
| Upside/Downside | 2.95% | -5.49% | -10.35% |
In the current month, the average price target of Pinnacle West Capital stock is $94.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 2.95% increase as opposed to Pinnacle West Capital's last price of $91.79. This month's average price target is up 8.93% compared to last quarter, and up 14.84% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 18, 2024 | Barclays | Overweight | Reduce | Downgrade |
| Oct 16, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 25, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Sep 19, 2024 | Jefferies | - | Buy | Initialise |
| Sep 12, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 23, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 05, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| May 28, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 13, 2024 | Barclays | Overweight | Overweight | Hold |
| May 07, 2024 | Bank of America Securities | Buy | Buy | Hold |
Pinnacle West Capital's last stock rating was published by Barclays on Nov 18, 2024. The company Downgrade its PNW rating from "Overweight" to "Reduce".
Pinnacle West Capital Financial Forecast
Pinnacle West Capital Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $991.57M | $1.64B | $1.12B | $944.96M | $1.01B | $1.47B | $1.06B | $783.53M | $798.86M | $1.31B | $1.00B | $696.48M | $740.96M | $1.25B |
| Avg Forecast | $2.27B | $2.22B | $2.18B | $2.14B | $2.10B | $2.06B | $2.02B | $1.98B | $1.20B | $1.66B | $1.27B | $988.60M | $1.03B | $1.70B | $1.21B | $981.82M | $1.12B | $1.57B | $1.09B | $808.33M | $638.28M | $1.31B | $974.59M | $692.73M | $659.68M | $1.24B | $946.39M | $705.53M | $715.75M | $1.22B |
| High Forecast | $2.45B | $2.40B | $2.36B | $2.31B | $2.27B | $2.23B | $2.19B | $2.14B | $1.30B | $1.80B | $1.37B | $1.07B | $1.12B | $1.72B | $1.21B | $981.82M | $1.19B | $1.59B | $1.17B | $873.98M | $690.12M | $1.31B | $974.59M | $692.73M | $659.68M | $1.24B | $946.39M | $705.53M | $715.75M | $1.22B |
| Low Forecast | $1.81B | $1.78B | $1.75B | $1.71B | $1.68B | $1.65B | $1.62B | $1.59B | $964.39M | $1.33B | $1.01B | $791.93M | $988.20M | $1.67B | $1.21B | $981.82M | $1.05B | $1.56B | $870.50M | $647.52M | $511.30M | $1.31B | $974.59M | $692.73M | $659.68M | $1.24B | $946.39M | $705.53M | $715.75M | $1.22B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 1.04% | 1.03% | 1.17% | 1.58% | 1.12% | 1.09% | 1.13% | 1.21% | 1.05% | 1.06% | 0.99% | 1.04% | 1.02% |
Pinnacle West Capital's average Quarter revenue forecast for Mar 24 based on 1 analysts is $981.82M, with a low forecast of $981.82M, and a high forecast of $981.82M. PNW's average Quarter revenue forecast represents a -0.98% decrease compared to the company's last Quarter revenue of $991.57M (Dec 23).
Pinnacle West Capital EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $300.10M | $759.91M | $403.66M | $254.43M | $249.38M | $646.49M | $447.51M | $280.90M | $263.35M | $645.92M | $488.14M | $260.65M | $186.23M | $650.03M |
| Avg Forecast | $904.41M | $887.35M | $870.61M | $854.19M | $838.08M | $822.27M | $806.76M | $791.54M | $480.57M | $664.43M | $505.38M | $394.63M | $412.86M | $677.32M | $482.17M | $190.11M | $445.47M | $626.98M | $433.79M | $172.83M | $535.28M | $511.88M | $379.46M | $157.11M | $256.85M | $483.37M | $368.48M | $190.54M | $278.68M | $476.92M |
| High Forecast | $977.87M | $959.42M | $941.32M | $923.57M | $906.15M | $889.05M | $872.28M | $855.83M | $519.61M | $718.40M | $546.42M | $426.69M | $445.56M | $686.34M | $482.17M | $228.13M | $476.34M | $632.74M | $469.02M | $207.39M | $642.33M | $511.88M | $379.46M | $188.54M | $256.85M | $483.37M | $368.48M | $228.65M | $278.68M | $476.92M |
| Low Forecast | $724.49M | $710.83M | $697.42M | $684.26M | $671.36M | $658.69M | $646.27M | $634.08M | $384.97M | $532.25M | $404.84M | $316.13M | $394.47M | $668.30M | $482.17M | $152.09M | $420.13M | $621.22M | $347.49M | $138.26M | $428.22M | $511.88M | $379.46M | $125.69M | $256.85M | $483.37M | $368.48M | $152.43M | $278.68M | $476.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 1.21% | 0.93% | 1.47% | 0.47% | 1.26% | 1.18% | 1.79% | 1.03% | 1.34% | 1.32% | 1.37% | 0.67% | 1.36% |
1 analysts predict PNW's average Quarter EBITDA for Mar 24 to be $190.11M, with a high of $228.13M and a low of $152.09M. This is -36.65% lower than Pinnacle West Capital's previous annual EBITDA (Dec 23) of $300.10M.
Pinnacle West Capital Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-12.94M | $398.21M | $106.66M | $1.01M | $-19.69M | $326.33M | $164.31M | $16.96M | $31.89M | $339.80M | $215.70M | $35.64M | $-19.39M | $346.37M |
| Avg Forecast | $-754.56M | $635.23M | $476.08M | $307.18M | $433.91M | $232.66M | $61.66M | $-120.76M | $-66.69M | $373.69M | $188.12M | $15.44M | $-36.86M | $408.68M | $149.78M | $11.28M | $-15.37M | $400.45M | $135.90M | $10.26M | $54.62M | $301.90M | $151.65M | $9.33M | $5.52M | $322.51M | $190.79M | $25.66M | $4.91M | $333.51M |
| High Forecast | $-559.42M | $702.30M | $526.34M | $339.61M | $479.73M | $257.22M | $68.17M | $-89.53M | $-49.44M | $413.15M | $207.98M | $17.07M | $-9.21M | $423.99M | $153.51M | $13.54M | $3.07M | $401.74M | $137.77M | $12.31M | $65.54M | $301.90M | $151.65M | $11.19M | $5.52M | $322.51M | $190.79M | $30.79M | $4.91M | $333.51M |
| Low Forecast | $-834.23M | $470.95M | $352.96M | $227.74M | $321.70M | $172.49M | $45.72M | $-133.51M | $-73.73M | $277.05M | $139.47M | $11.45M | $-62.65M | $393.37M | $146.05M | $9.03M | $-30.75M | $399.15M | $134.04M | $8.21M | $43.69M | $301.90M | $151.65M | $7.46M | $5.52M | $322.51M | $190.79M | $20.53M | $4.91M | $333.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.99% | 0.78% | 0.10% | -0.36% | 1.08% | 1.08% | 1.82% | 5.78% | 1.05% | 1.13% | 1.39% | -3.95% | 1.04% |
Pinnacle West Capital's average Quarter net income forecast for Dec 23 is $-15.37M, with a range of $-30.75M to $3.07M. PNW's average Quarter net income forecast represents a -103.86% decrease compared to the company's last Quarter net income of $398.21M (Sep 23).
Pinnacle West Capital SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $30.51M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $37.77M | $37.05M | $36.36M | $35.67M | $35.00M | $34.34M | $33.69M | $33.05M | $20.07M | $27.75M | $21.10M | $16.48M | $17.24M | $28.28M | $20.13M | $16.37M | $18.60M | $26.18M | $18.11M | $13.47M | $10.64M | $21.92M | $16.25M | $11.55M | $11.00M | $20.69M | $15.78M | $11.76M | $11.93M | $20.42M |
| High Forecast | $40.83M | $40.06M | $39.31M | $38.57M | $37.84M | $37.13M | $36.43M | $35.74M | $21.70M | $30.00M | $22.82M | $17.82M | $18.61M | $28.66M | $20.13M | $16.37M | $19.89M | $26.42M | $19.59M | $14.57M | $11.50M | $21.92M | $16.25M | $11.55M | $11.00M | $20.69M | $15.78M | $11.76M | $11.93M | $20.42M |
| Low Forecast | $30.25M | $29.68M | $29.12M | $28.57M | $28.03M | $27.51M | $26.99M | $26.48M | $16.08M | $22.23M | $16.91M | $13.20M | $16.47M | $27.91M | $20.13M | $16.37M | $17.54M | $25.94M | $14.51M | $10.79M | $8.52M | $21.92M | $16.25M | $11.55M | $11.00M | $20.69M | $15.78M | $11.76M | $11.93M | $20.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.64% | - | - | - | - | - | - | - | - | - | - | - | - | - |
Pinnacle West Capital's average Quarter SG&A projection for Mar 24 is $16.37M, based on 1 Wall Street analysts, with a range of $16.37M to $16.37M. The forecast indicates a -46.36% fall compared to PNW last annual SG&A of $30.51M (Dec 23).
Pinnacle West Capital EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.11 | $3.51 | $0.94 | $0.01 | $-0.17 | $2.88 | $1.45 | $0.15 | $0.28 | $3.01 | $1.91 | $0.32 | $-0.17 | $3.07 |
| Avg Forecast | $-6.44 | $5.42 | $4.06 | $2.62 | $3.70 | $1.99 | $0.53 | $-1.03 | $-0.57 | $3.19 | $1.61 | $0.13 | $-0.31 | $3.49 | $1.28 | $-0.02 | $-0.13 | $3.42 | $1.16 | $0.01 | $-0.18 | $2.61 | $1.31 | $0.07 | $0.05 | $2.79 | $1.65 | $0.26 | $0.04 | $2.88 |
| High Forecast | $-4.78 | $6.00 | $4.49 | $2.90 | $4.10 | $2.20 | $0.58 | $-0.76 | $-0.42 | $3.53 | $1.78 | $0.15 | $-0.08 | $3.62 | $1.31 | $-0.02 | $0.03 | $3.43 | $1.18 | $0.01 | $-0.13 | $2.61 | $1.31 | $0.07 | $0.05 | $2.79 | $1.65 | $0.26 | $0.04 | $2.88 |
| Low Forecast | $-7.12 | $4.02 | $3.01 | $1.94 | $2.75 | $1.47 | $0.39 | $-1.14 | $-0.63 | $2.37 | $1.19 | $0.10 | $-0.53 | $3.36 | $1.25 | $-0.02 | $-0.26 | $3.41 | $1.14 | $0.01 | $-0.20 | $2.61 | $1.31 | $0.07 | $0.05 | $2.79 | $1.65 | $0.26 | $0.04 | $2.88 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 1.03% | 0.81% | 0.80% | 0.94% | 1.10% | 1.11% | 2.10% | 5.87% | 1.08% | 1.16% | 1.25% | -4.01% | 1.07% |
According to 3 Wall Street analysts, Pinnacle West Capital's projected average Quarter EPS for Dec 23 is $-0.13, with a low estimate of $-0.26 and a high estimate of $0.03. This represents a -103.74% decrease compared to PNW previous annual EPS of $3.51 (Sep 23).
Pinnacle West Capital Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AGR | Avangrid | $36.08 | $43.67 | 21.04% | Hold |
| FE | FirstEnergy | $41.73 | $46.80 | 12.15% | Hold |
| DTE | DTE Energy Company | $122.18 | $135.00 | 10.49% | Buy |
| POR | Portland General Electric Company | $46.88 | $50.33 | 7.36% | Buy |
| LNT | Alliant Energy | $62.23 | $63.38 | 1.85% | Buy |
| EVRG | Evergy | $64.37 | $64.25 | -0.19% | Buy |
| CMS | CMS Energy | $68.52 | $67.50 | -1.49% | Buy |
| EIX | Edison | $86.12 | $84.78 | -1.56% | Hold |
| CNP | CenterPoint Energy | $31.57 | $31.00 | -1.81% | Hold |
| AEE | Ameren | $92.24 | $90.08 | -2.34% | Buy |
| IDA | IDACORP | $117.96 | $110.50 | -6.32% | Hold |
| PEG | Public Service Enterprise Group | $90.49 | $81.29 | -10.17% | Buy |
| PNW | Pinnacle West Capital | $91.79 | $78.44 | -14.54% | Buy |
| MGEE | MGE Energy | $103.89 | $71.00 | -31.66% | Sell |