Pinnacle West Capital Corp

PNW remains in a Stage 2 advancing regime with persistent higher highs and higher lows across timeframes. The long- and medium-term trends are bullish, and a short-term pullback into the rising EMA support zone offers a structurally favorable Buy Now entry despite overbought conditions.

• ↑Customer base +2.2% in Q1 2026 led by semiconductor expansion
• ↑EPS of $0.27 vs –$0.04 YoY signals operational resilience
• ↓Rate‐case uncertainty may limit recovery of capex and O&M costs