KeyBanc analyst Sophie Karp upgrades $Pinnacle West Capital Corp (PNW.US)$ to a buy rating, and sets the target price at $101.
According to TipRanks data, the analyst has a success rate of 56.0% and a total average return of 5.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Pinnacle West Capital Corp (PNW.US)$'s main analysts recently are as follows:
Following a decision by the Arizona Corporation Commission, which was approved 3-2 to adopt a significant policy statement, there are now higher-level guidelines set for utilities to pursue formula rates in upcoming rate cases. Though the impact of this development remains uncertain in the long term, it potentially enhances the outlook for Pinnacle West by decreasing the risk associated with the scheduling of its forthcoming rate case expected by mid-2025.
The approval of formula ratemaking by the Arizona Corporation Commission with minor modifications to the regulatory lag docket policy statement should allow Pinnacle West to smooth out the variability in its earnings profile. This is expected to support the company's capability to consistently achieve an annual EPS growth rate of 5%-7%.
The structural improvements in the Arizona regulatory environment are viewed positively. Additionally, the state is well-placed to benefit from the data economy and industrial load growth, along with favorable population trends.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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KeyBanc分析师Sophie Karp上调$西帕纳卡资本 (PNW.US)$至买入评级，目标价101美元。
根据TipRanks数据显示，该分析师近一年总胜率为56.0%，总平均回报率为5.6%。
此外，综合报道，$西帕纳卡资本 (PNW.US)$近期主要分析师观点如下：
亚利桑那州公司委员会决定以3比2的比分通过一项重要的政策声明，此后，现在制定了更高层次的指导方针，要求公用事业公司在即将到来的费率案例中采用公式费率。尽管从长远来看，这一事态发展的影响仍不确定，但它有可能降低Pinnacle West预计在2025年中期之前发布的利率案例的相关风险，从而改善Pinnacle West的前景。
亚利桑那州公司委员会批准了公式利率制定，但对监管滞后备审政策声明进行了细微的修改，这将使Pinnacle West能够消除其收益状况的波动。预计这将支持公司持续实现5％-7％的年每股收益增长率的能力。
亚利桑那州监管环境的结构性改善被看作是积极的。此外，该州完全有能力从数据经济和工业负荷增长以及有利的人口趋势中受益。
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