Pinnacle West Capital Seeks Major Rate Increase Approval

Pinnacle West Capital ( (PNW) ) just unveiled an announcement.

On June 13, 2025, Arizona Public Service (APS) filed a request with the Arizona Corporation Commission (ACC) for a net base rate increase of $579.52 million, which represents a 13.99% increase. This adjustment aims to address a revenue deficiency and support infrastructure upgrades, system reliability, and customer support programs. The proposed rate changes, if approved, would not take effect until the second half of 2026, and are designed to ensure that customers pay their fair share while maintaining service quality. APS is committed to assisting customers with various support programs and aims to keep costs manageable while meeting Arizona’s growing energy demands.

The most recent analyst rating on (PNW) stock is a Hold with a $95.00 price target. To see the full list of analyst forecasts on Pinnacle West Capital stock, see the PNW Stock Forecast page.

Spark’s Take on PNW Stock

According to Spark, TipRanks’ AI Analyst, PNW is a Neutral.

Pinnacle West Capital’s overall stock score reflects a stable financial performance with strong revenue growth, but is tempered by high debt levels and negative free cash flow. The market sentiment is neutral, and while the valuation is attractive, recent financial challenges in earnings and corporate events pose risks.

To see Spark’s full report on PNW stock, click here.

More about Pinnacle West Capital

APS, a principal subsidiary of Pinnacle West Capital Corp., serves approximately 1.4 million homes and businesses across 11 of Arizona’s 15 counties. The company is a leader in providing affordable, reliable, and clean energy in the Southwest, with its headquarters located in Phoenix.

Average Trading Volume: 1,232,203

Technical Sentiment Signal: Buy

Current Market Cap: $10.65B

See more insights into PNW stock on TipRanks’ Stock Analysis page.