IDACORP Reports Strong Q1 2025 Financial Results

IdaCorp ( (IDA) ) has provided an announcement.

On May 1, 2025, IDACORP, Inc. announced its first quarter 2025 financial results, reporting a net income of $59.6 million, or $1.10 per diluted share, an increase from $48.2 million, or $0.95 per diluted share, in the same period in 2024. The company attributed this growth to strong customer growth, rate changes, and tax credits, despite higher depreciation and financing costs. IDACORP reaffirmed its 2025 earnings guidance, emphasizing its focus on capital investment and regulatory plans to support ongoing growth and energy reliability.

Spark’s Take on IDA Stock

According to Spark, TipRanks’ AI Analyst, IDA is a Outperform.

IdaCorp shows a solid financial performance with consistent revenue and earnings growth. The stock has a positive technical outlook, though nearing overbought conditions, and provides a reasonable valuation with a steady dividend yield. The earnings call highlights strong growth prospects but also points to regulatory and cost challenges. Overall, the company demonstrates a robust position with some areas for caution.

To see Spark’s full report on IDA stock, click here.

More about IdaCorp

IDACORP, Inc. operates in the energy sector, primarily providing electricity through its subsidiary, Idaho Power Company. The company focuses on customer growth, infrastructure development, and regulatory compliance to ensure energy reliability and resiliency.

YTD Price Performance: 8.91%

Average Trading Volume: 344,611

Technical Sentiment Signal: Sell

Current Market Cap: $6.38B

See more insights into IDA stock on TipRanks’ Stock Analysis page.