Pinnacle West Capital Corporati (PNW) Stock Forecasts

Pinnacle West: Leading the Way in Clean Energy Generation

Pinnacle West is a prominent electricity provider that focuses on delivering reliable and sustainable energy solutions to its customers. Unlike other energy companies, Pinnacle West does not have any natural gas operations. Instead, it operates through its regulated utility, Arizona Public Service (APS), which handles generation, transmission, wholesale operations, and distribution of electricity to 1.4 million customers in Arizona.

With approximately 7 GW of generating capacity, Pinnacle West is a major player in the energy industry. One of its key assets is the Palo Verde nuclear generating plant, located outside Phoenix, which boasts a generating capacity of about 4 GW. This makes it the largest nuclear generating plant in the U.S. The company’s 2024 generation mix consists of 36% nuclear, 32% coal, 28% natural gas, and the rest from renewable sources.

Looking towards the future, Pinnacle West has set ambitious goals for its energy generation. By 2030, the company aims to have a fuel mix that is 45% renewable, with a long-term goal of achieving 100% clean energy generation by 2050. This commitment to sustainability and environmental stewardship sets Pinnacle West apart as a leader in the transition towards a cleaner energy future.

In 2024, all operating revenues were reported by APS, highlighting the company’s strong financial performance and operational efficiency. With a strategic focus on renewable energy and a commitment to clean energy generation, Pinnacle West is well-positioned to meet the evolving needs of its customers and contribute to a more sustainable future for all.