-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：Pinnacle West公佈了2026年第一季強勁的業績，每股收益為0.27美元，而去年同期虧損0.04美元，這主要得益於亞利桑那州有史以來最溫暖的冬季以及持續的經濟成長。營業收入成長11.4%至11.496億美元，其中客戶成長2.2%，經天氣因素調整後的零售額成長9.4%，而商業和工業銷售額則飆升14.6%。儘管業務擴張，但公司營運效率依然強勁，營運維護費用下降了7.8%，不過由於融資成本上升，利息支出增加了22.3%。 PNW維持2026年每股盈餘預期為4.55美元至4.75美元，同時將長期銷售成長預期上調至5%至7%，直至2030年。待定的2025年APS費率調整案仍是關鍵催化劑，PNW尋求6.11億美元的淨收入成長，最終決定預計將於2026年第四季公佈。我們認為，成功恢復費率對於PNW 103.5億美元的資本投資計畫能否獲得充分回報至關重要，該計畫旨在抓住超過20吉瓦的潛在需求成長機會。
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