Zacks Investment Research·2d ago
Pinnacle West (PNW) is a Great Momentum Stock: Should You Buy?Does Pinnacle West (PNW) have what it takes to be a top stock pick for momentum investors? Let's find out.
PNW's revenue grew 8.3% year over year to $2.0B in 2026Q3 and net PPE expanded roughly 36% from $19.6B to $26.7B, suggesting a rate base build-out that should support long-term earnings growth.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue rose 8.3% year over year to $2.0B in 2026Q3, but operating margin ranged from 5.5% to 35.7% across the period, underscoring how sharply reported profitability swings with weather and fuel-recovery timing.
Pinnacle West has demonstrated robust retail sales growth of 5.2% and a 2.4% increase in its customer base in a recent quarter. Management has reaffirmed a long-term outlook of 4-6% sales growth and 1.5-2.5% customer growth.
Upcoming transmission projects are expected to provide additional positive impacts, supported by favorable economic conditions.
In 2025, Pinnacle West Capital's revenue increased by 4.20% to $5.34 billion, and earnings rose by 1.27%. The company reported solid 2025 results, with full-year net income of $616.5 million, up from $608.8 million in 2024, driven by customer growth, higher electricity usage, and increased transmission revenues.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $3.49+5.1% vs $3.32 | $2.0B+3.8% vs $1.9B |
Q3 2026 Aug 4, 2026 | $1.43-2.1% vs $1.46 | $1.5B+4.2% vs $1.4B |
Q2 2026 May 4, 2026 | $0.27+1000.0% vs -$0.03 | $1.1B+6.0% vs $1.1B |
Q1 2026 Feb 25, 2026 | $0.13+160.0% vs $0.05 | $1.1B-3.6% vs $1.2B |
Does Pinnacle West (PNW) have what it takes to be a top stock pick for momentum investors? Let's find out.
Pinnacle West Capital NYSE: PNW raised its full-year earnings and sales-growth outlook after reporting third-quarter results supported by stronger demand across customer classes, favorable weather and continued economic development in Arizona.
PNW beats Q3 2026 earnings and revenue estimates as strong electricity demand and customer growth drive gains despite rising costs.
Pinnacle West Capital Corporation (PNW) Q3 2026 Earnings Call Transcript
Benchmark PNW against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Pinnacle West Capital Corporation (PNW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $104.22 | $12.63B | 20.64 | 4.2% | 11.55% | 8.84% | 3.33% | |
| $112.85 | $31.23B | 21.09 | 15.43% | 17.86% | 11.59% | 2.5% | |
| $115.87 | $37.74B | 23.99 | 13.96% | 17.54% | 12.45% | 3.02% | |
| $87.54 | $20.18B | 23.92 | 1.65% | 15.26% | 9.01% | 3% | |
| $82.73 | $5.09B | 28.14 | 6.38% | 10.13% | 5.92% | 3.18% | |
| $146.55 | $8.12B | 24.84 | -0.75% | 19.86% | 9.92% | 2.35% |
Pinnacle West Capital Corporation (PNW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Pinnacle West Capital Corporation (PNW) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Aug 4, 2026·SEC
Aug 4, 2026·SEC
Get notified when PNW posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Pinnacle West Capital Corporation (PNW) stock FAQ — growth, dividends, profitability & financials explained
Pinnacle West Capital Corporation (PNW) reported $5.71B in revenue over the trailing twelve months. Revenue was $5.34B in fiscal year 2025. That is 194% more than the $1.82B of fiscal year 1996.
Pinnacle West Capital Corporation (PNW) grew revenue by 4.2% in fiscal year 2025, compared with the prior fiscal year.
Yes. Pinnacle West Capital Corporation (PNW) earned $661.1M in net income over the trailing twelve months (a 11.6% net margin).
Yes. Pinnacle West Capital Corporation (PNW) pays a dividend that yields 3.33% at the current price, a moderate yield.
Pinnacle West Capital Corporation (PNW) had a return on equity (ROE) of 8.8% in fiscal year 2025. That is below the market's typical 10-15%.
Pinnacle West Capital Corporation (PNW) had negative free cash flow of $931.9M over the trailing twelve months.
Pinnacle West Capital Corporation (PNW) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.
