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分析師Sophie Karp上調$西帕納卡資本 (PNW.US)$至買入評級，目標價101美元。
根據TipRanks數據顯示，該分析師近一年總勝率為56.0%，總平均回報率為5.6%。
此外，綜合報道，$西帕納卡資本 (PNW.US)$近期主要分析師觀點如下：
亞利桑那州公司委員會決定以3比2的比分通過一項重要的政策聲明，此後，現在制定了更高層次的指導方針，要求公用事業公司在即將到來的費率案例中採用公式費率。儘管從長遠來看，這一事態發展的影響仍不確定，但它有可能降低Pinnacle West預計在2025年中期之前發佈的利率案例的相關風險，從而改善Pinnacle West的前景。
亞利桑那州公司委員會批准了公式利率制定，但對監管滯後備審政策聲明進行了細微的修改，這將使Pinnacle West能夠消除其收益狀況的波動。預計這將支持公司持續實現5％-7％的年每股收益增長率的能力。
亞利桑那州監管環境的結構性改善被看作是積極的。此外，該州完全有能力從數據經濟和工業負荷增長以及有利的人口趨勢中受益。
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