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IdaCorp ( (IDA) ) just unveiled an update.
On April 30, 2026, IDACORP, Inc. reported first-quarter 2026 net income of $68.0 million, or $1.21 per diluted share, up from $59.6 million, or $1.10 per diluted share, a year earlier, driven by customer growth, higher retail revenues per megawatt-hour, and stronger Idaho fixed cost adjustment revenues. These gains were partly offset by lower usage per customer, higher operations and maintenance and depreciation expenses, and reduced tax credits and investment tax credit amortization, but the company nonetheless reaffirmed its full-year 2026 earnings guidance of $6.25 to $6.45 per diluted share, underscoring management’s confidence as it advances major transmission, generation, and 250 MW of battery projects while emphasizing reliability, affordability, and shareholder value.
The increase in Idaho Power’s operating income of $26.2 million was supported by favorable rate changes and other revenue factors, even as non-operating expenses and tax-related items weighed on results. For stakeholders, the combination of higher quarterly earnings, strong regulatory-based revenue drivers, and stable guidance signals a period of execution-focused growth in 2026, albeit with some pressure from rising costs and evolving tax dynamics within the company’s Idaho regulatory framework.
The most recent analyst rating on (IDA) stock is a Buy with a $157.00 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.
The score is held back primarily by financial constraints from heavy capex leading to persistently negative free cash flow and rising leverage. Offsetting this are constructive earnings guidance and a favorable growth/regulatory narrative from the latest call, plus supportive technical momentum; valuation is reasonable but not cheap given the ~24 P/E despite a ~2.5% yield.
To see Spark’s full report on IDA stock, click here.
More about IdaCorp
IDACORP, Inc., based in Boise, Idaho, is a U.S. regulated electric utility holding company whose primary subsidiary, Idaho Power Company, generates, transmits, and distributes electricity to retail customers. The company focuses on serving a growing customer base in its regional service territory while investing in transmission, generation, and battery storage projects to support reliability and affordability.
Average Trading Volume: 477,199
Technical Sentiment Signal: Buy
Current Market Cap: $7.99B
Find detailed analytics on IDA stock on TipRanks’ Stock Analysis page.