IdaCorp (IDA) AI Stock Analysis

• Market Cap: $6.35B
• Dividend Yield: 2.91%
• Average Volume (3M): 385.11K
• Price to Earnings (P/E): 21.4
• Beta (1Y): 0.17
• Revenue Growth: 3.48%
• EPS Growth: 6.67%
• Country: US
• Employees: 2,130
• Sector: Utilities
• Sector Strength: 87
• Industry: Regulated Electric
• EPS (TTM): 5.49
• Shares Outstanding: 54,020,203
• 10 Day Avg. Volume: 355,090
• 30 Day Avg. Volume: 385,105
• PEG Ratio: 3.21
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 25.94
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $126.57
• Price Target Upside: 7.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

IdaCorp demonstrates robust financial performance with significant growth prospects, although increased leverage and regulatory concerns present risks. The stock's technical indicators are positive but nearing overbought levels, while the valuation remains reasonable. Overall, IdaCorp maintains a strong position with some caution needed regarding cost pressures and regulatory dynamics.

Positive Factors

Earnings Performance

IDA reported a beat on earnings, driven by strong customer growth and new rates in Idaho.

Management Strategy

Analyst's confidence in management's ability to execute the growth strategy and improve returns has increased.

Negative Factors

Credit Metrics

The credit metrics have been weak in recent periods, leading to a Moody's negative outlook.

Environmental Risks

There is some degree of wildfire exposure, even if minimal.

IdaCorp Business Overview & Revenue Model

Company Description

IdaCorp, Inc. (IDA) is a holding company engaged primarily in the generation, transmission, distribution, sale, and purchase of electric energy. The company operates through its main subsidiary, Idaho Power Company, which serves a large area in southern Idaho and eastern Oregon. IdaCorp focuses on providing reliable and sustainable energy solutions, emphasizing renewable energy sources to meet growing environmental standards and customer expectations.

How the Company Makes Money

IdaCorp makes money primarily through its regulated utility operations under Idaho Power Company. Revenue is generated from the sale of electricity to residential, commercial, and industrial customers within its service areas. The company's income is largely determined by rates approved by state regulatory commissions, which are designed to provide a reasonable return on investment while covering operating and capital costs. Additionally, IdaCorp benefits from various renewable energy initiatives and federal incentives aimed at promoting cleaner energy production. The company may also engage in wholesale energy markets to buy and sell electricity, further contributing to its revenue streams.

IdaCorp Financial Statement Overview

Summary

IdaCorp showcases strong revenue growth and operational efficiency, with stable EBIT and EBITDA margins. However, increased leverage and volatile free cash flow due to high capital expenditures suggest financial risk.

Income Statement

IdaCorp has shown consistent revenue growth over the past years, with a notable increase from $1.35 billion in 2020 to $1.83 billion in 2024. The gross profit margin is strong, consistently above 75%, reflecting efficient cost management. However, the net profit margin shows a moderate improvement, indicating some cost pressures. EBIT and EBITDA margins are stable, showcasing operational efficiency.

Balance Sheet

The debt-to-equity ratio has increased due to rising debt levels, currently at 0.92. This suggests higher leverage, which may increase financial risk. Return on equity remains robust, driven by steady net income growth. The equity ratio has slightly declined, indicating increased liabilities compared to assets.

Cash Flow

Operating cash flow has improved significantly, indicating strong cash generation. However, free cash flow has been volatile, impacted by substantial capital expenditures. The ratio of operating cash flow to net income has improved, suggesting better conversion of earnings into cash.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.83B	1.77B	1.64B	1.46B	1.35B
	Gross Profit
331.85M	316.84M	330.11M	332.24M	312.17M
	EBIT
327.84M	313.48M	327.18M	329.65M	309.52M
	EBITDA
668.96M	605.55M	491.54M	493.85M	473.60M
	Net Income Common Stockholders
289.17M	261.19M	258.98M	245.55M	237.42M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
368.87M	327.43M	177.58M	215.24M	300.12M
	Total Assets
9.59B	8.48B	7.54B	7.21B	7.10B
	Total Debt
3.07B	2.83B	2.19B	2.00B	2.00B
	Net Debt
2.70B	2.50B	2.02B	1.79B	1.73B
	Total Liabilities
5.90B	5.56B	4.73B	4.54B	4.53B
	Stockholders Equity
3.33B	2.91B	2.81B	2.67B	2.56B
Cash Flow		Free Cash Flow
-414.86M	-344.11M	-81.30M	63.27M	77.19M
	Operating Cash Flow
594.42M	267.03M	351.29M	363.26M	388.13M
	Investing Cash Flow
-917.66M	-589.95M	-424.27M	-273.65M	-347.26M
	Financing Cash Flow
364.68M	472.77M	35.32M	-149.48M	16.99M

IdaCorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 117.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IDA, the sentiment is Positive. The current price of 117.54 is above the 20-day moving average (MA) of 116.80, above the 50-day MA of 115.98, and above the 200-day MA of 108.15, indicating a bullish trend. The MACD of 0.52 indicates Positive momentum. The RSI at 52.61 is Neutral, neither overbought nor oversold. The STOCH value of 46.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IDA.

IdaCorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TXNM	75 Outperform	$4.96B	20.04	9.89%	3.00%	1.65%	162.78%
POR	73 Outperform	$4.57B	14.61	8.33%	4.81%	11.83%	9.53%
OGE	72 Outperform	$9.08B	20.57	10.72%	3.75%	15.56%	21.90%
PNW	70 Outperform	$11.14B	17.83	9.42%	3.80%	9.13%	21.11%
IDA	67 Neutral	$6.35B	21.39	9.27%	2.91%	3.48%	6.67%
Sector *	63 Neutral	$8.48B	11.89	5.79%	4.37%	3.17%	-10.89%
KEP	63 Neutral	$11.73B	4.64	9.32%	0.53%	2.37%	―

IdaCorp Corporate Events

IDACORP Reports Strong Q1 2025 Financial Results

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.

IDACORP Reports Increased Earnings for 2024

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.

IdaCorp Strengthens Leadership with New Board Appointments

On February 13, 2025, IDACORP, Inc. and Idaho Power Company announced the appointment of Scott W. Madison to their boards of directors. Madison, who recently retired from MDU Utilities Group, brings extensive experience in business strategy and the natural gas industry, enhancing the board’s expertise in utility operations. Furthermore, Idaho Power promoted Angelique Rood to Vice President of Corporate Services and Communications, highlighting internal leadership development. These strategic appointments are set to strengthen the company’s leadership and continue its tradition of providing essential infrastructure in Idaho and Oregon.