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The latest update is out from IdaCorp ( (IDA) ).
IDACORP, Inc. reported a net income of $37.9 million for the fourth quarter of 2024 and $289.2 million for the full year, showing increased earnings compared to 2023. This growth was driven by customer growth, favorable weather conditions, and tax credits, although higher depreciation and financing costs posed challenges. Looking ahead to 2025, IDACORP anticipates earnings in the range of $5.65 to $5.85 per diluted share, underpinned by continued capital investment and the utilization of tax credits.
More about IdaCorp
IDACORP, Inc. operates within the utilities industry, primarily providing electric power services through its subsidiary, Idaho Power Company. The company focuses on catering to the energy needs of a growing customer base in Idaho, emphasizing infrastructure development and energy reliability.
YTD Price Performance: 3.34%
Average Trading Volume: 293,254
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.89B
Find detailed analytics on IDA stock on TipRanks’ Stock Analysis page.
