PNW
Hot AirPinnacle West Capital Corporation · Utilities · United States · $12.8B cap · $173.8M/day traded
$107.91 +1.8% · close 11 Nov · scored 11 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
After its 3 Nov results, analysts left next year's EPS estimate little changed.
As of 11 Nov 2026, the MoatMap Score for Pinnacle West Capital Corporation (PNW) is 43/100, ranked against 25,000+ stocks in 38 markets (Quality 36, Value 38, Momentum 62, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT PINNACLE WEST CAPITAL CORPORATION
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Pinnacle West Capital Corporation is a utility holding company whose primary subsidiary, Arizona Public Service Company (APS), provides electricity generation, transmission, and distribution services to approximately 1.3 million customers across Arizona. As a regulated utility operating in a growing service territory, it benefits from a stable revenue base and a significant role in providing essential infrastructure, increasingly integrating renewable energy into its generation portfolio.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.3B | 4.7B | 5.1B | 5.3B | 7.3% | 5.7B | 5.6B | 5.9B | 5.5% |
| EPS | 4.27 | 4.42 | 5.35 | 5.15 | 6.4% | 5.32 | 5.15 | 5.73 | 5.5% |
| Shares | 113.2M | 113.4M | 119.1M | 120.9M | +6.8% | 121.2M | — | — | — |
| Debt | 8.9B | 10.3B | 11.0B | 14.3B | 17.2% | 17.0B | — | — | — |
| Equity | 6.0B | 6.2B | 6.8B | 7.0B | 5.2% | — | — | — | — |
| Op CF | 1.2B | 1.2B | 1.6B | 1.8B | 13.3% | 1.8B | — | — | — |
| Inv CF | -1.6B | -1.7B | -1.9B | -2.4B | — | — | — | — | — |
| Fin CF | 371.5M | 486.7M | 322.7M | 576.3M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 94% of stocks we rank over the past year (volatility 17% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of PNW are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| PNW | Pinnacle West Capital Corporation(you) | $12.8B | 43 |
| IDA | IDACORP, Inc. | $8.1B | 47 |
| TXNM | TXNM Energy, Inc. | $6.4B | 44 |
| CNP | CenterPoint Energy, Inc. | $27.1B | 44 |
| LNT | Alliant Energy Corporation | $18.1B | 34 |
| PPL | PPL Corporation | $26.3B | 45 |
| AEE | Ameren Corporation | $29.9B | 46 |
| EVRG | Evergy, Inc. | $19.5B | 55 |
| POR | Portland General Electric Company | $5.2B | 46 |
| FE | FirstEnergy Corp. | $26.7B | 52 |
Peer medians: ROE 9.1% · P/E 20.5x · Gross margin 45.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.