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The latest update is out from IdaCorp ( (IDA) ).
In a recent announcement, IDACORP, Inc. provided an updated forecast for its capital expenditures from 2025 to 2029, indicating a significant increase of approximately 20% over previous estimates. This adjustment comes after the termination of a 300 MW wind project due to permitting delays and federal land use policy uncertainties, with plans to incorporate a 167 MW gas plant and other investments to address capacity and energy needs.
The most recent analyst rating on (IDA) stock is a Hold with a $137.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.
Spark’s Take on IDA Stock
According to Spark, TipRanks’ AI Analyst, IDA is a Neutral.
IdaCorp’s overall stock score reflects a mix of strong earnings performance and operational efficiency, offset by challenges in revenue growth and cash flow management. The positive earnings call sentiment and infrastructure developments provide a favorable outlook, but technical indicators suggest caution in the short term.
To see Spark’s full report on IDA stock, click here.
More about IdaCorp
IDACORP, Inc. operates in the energy sector, primarily focusing on electricity services through its subsidiary, Idaho Power Company. The company is involved in the generation, transmission, and distribution of electricity, serving a diverse customer base across various regions.
Average Trading Volume: 391,757
Technical Sentiment Signal: Buy
Current Market Cap: $7.12B
See more insights into IDA stock on TipRanks’ Stock Analysis page.