IDACORP, Inc.

Valuation Analysis

About the Company

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; and three natural gas-fired plants situated in southern Idaho, as well as interests in a coal-fired and natural gas-fired steam generating plant located in Wyoming; and interests in a coal-fired steam generating plant situated in Nevada. As of December 31, 2025, it had approximately 4,730 pole miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 12 switching stations; 31 mixed-use transmission and distribution substations; 188 energized distribution substa

IDACORP, Inc. Stock at a Glance

IDACORP, Inc. (IDA) is currently trading at $142.98 with a market capitalization of $7.9B. The trailing P/E ratio stands at 23.79x, with a forward P/E of 20.58x. The 52-week range spans from $111.12 to $149.73; the current price is 4.5% below the yearly high. Year-over-year revenue growth stands at -6.7%. The net profit margin stands at 18.6%.

💰 Dividend

IDACORP, Inc. pays an annual dividend of $3.50 per share, representing a yield of 2.45%. The payout ratio stands at 57.9%.

📊 Analyst Rating

10 analysts rate IDACORP, Inc. (IDA) on consensus: Buy. The average price target is $152.10, implying +6.38% from the current price. Analyst price targets range from $121.00 to $167.00.

IDACORP, Inc.: The Investment Case in Detail

IDACORP, Inc. (IDA) operates in the Utilities — specifically Utilities - Regulated Electric — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bear Case

Revenue is contracting at -6.7% year-over-year — until that trend reverses, valuation is exposed to further downgrades.

What to Watch Next

• The forward P/E of 20.58x is meaningfully below the trailing 23.79x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (8.33%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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