Pinnacle West stock gained 2.17 percent on October 6, 2026

Published on 10/07/2026 at 01:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pinnacle West stock heads into its November 3 results date with a Hold consensus from 15 analysts and a USD 101.64 average target. Q2 revenue rose 7.1 percent, while EPS fell 9.49 percent.

Pinnacle West Capital US7234841010 isometrisch Wertschöpfungskette Kraftwerk Netz — Pinnacle West Capital US7234841010 zeigt eine isometrische 3D-Grafik der Wertschöpfungskette von Kraftwerk bis Haushalt, Illustration mit AI erstellt.

Pinnacle West Capital Corporation (ISIN US7234841010) gained 2.17 percent to USD 98.04 on the NYSE on October 6, 2026. The move came as investors assessed the utility's upcoming third-quarter report, which Morningstar reported is scheduled for November 3, 2026, before the US market opens.

November 3 brings the next test

Management will discuss the third-quarter figures during a webcast and conference call at 11:00 a.m. ET on November 3, 2026, according to Morningstar. The date gives the stock a near-term checkpoint after analysts recently adjusted their expectations ahead of the report.

The company reaffirmed full-year 2026 weather-normalized earnings guidance of USD 4.55-4.75 per diluted share after its second-quarter results, as StockTitan reported. That range remains the key benchmark for the November update.

Revenue growth did not lift EPS

For the quarter ended June 30, 2026, Pinnacle West reported USD 1.455 billion in operating revenue, up 7.1 percent from USD 1.359 billion a year earlier. Diluted EPS declined 9.49 percent to USD 1.43 from USD 1.58, while higher interest and depreciation costs weighed on earnings, according to ScanX.

The operating backdrop still includes customer growth and rising electricity demand in Arizona. Company materials described by StockTitan include a pending APS rate case seeking a USD 609 million net revenue increase and a 14.69 percent day-one customer revenue impact.

Analyst targets remain close to the market

MarketBeat reports a Hold consensus from 15 analysts, including 11 Hold ratings and 4 Buy ratings. The average target is USD 101.64, with a high of USD 109.00 and a low of USD 89.00; the average target lies 3.67 percent above the October 6 price.

Recent target changes show a more cautious tone. Markets Insider reported on October 5, 2026, that Jefferies cut its target from USD 129.00 to USD 109.00 while keeping a Buy rating. The contrast between the target range and the Hold consensus leaves the November report as the next major test of the growth case.

Pinnacle West stock holds above USD 98

Pinnacle West stock was last at USD 98.04 on the NYSE on October 6, 2026, with a session range of USD 96.31-98.24 and volume of 1,328,022 shares. Its 52-week range was USD 86.18-111.16, while market capitalization stood at USD 11.9 billion as of October 6, 2026.