03:55 PM EDT, 05/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

PNW reported a Q1 2024 adjusted loss per share of $0.04, missing consensus estimates of a $0.01 gain and falling from $0.15 profit in Q1 2024, primarily due to the sale of its Bright Canyon Energy renewables business. Revenue growth from higher customer rates was offset by increased O&M and interest expenses, though weather-adjusted retail electric sales grew 2.1% Y/Y, led by commercial and industrial customers (+5.3%), while total customer count increased 2.3%. We believe Arizona's robust economic trends and growing demand from data centers and semiconductor manufacturing present strong long-term growth opportunities for PNW. However, we think the upcoming electric rate case adds some uncertainty to PNW's near-term revenue and EPS growth potential given a sometimes challenging regulatory environment within the state, in our view. Shares currently yield 3.9%.