IdaCorp (IDA) AI Stock Analysis

• Market Cap: $6.16B
• Dividend Yield: 3.02%
• Average Volume (3M): 593.40K
• Price to Earnings (P/E): 20.2
• Beta (1Y): 0.17
• Revenue Growth: 1.63%
• EPS Growth: 13.11%
• Country: US
• Employees: 2,130
• Sector: Utilities
• Sector Strength: 83
• Industry: Regulated Electric
• EPS (TTM): 1.10
• Shares Outstanding: 54,020,714
• 10 Day Avg. Volume: 532,504
• 30 Day Avg. Volume: 593,398
• PEG Ratio: 3.94
• Price to Book (P/B): 1.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -67.20
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 1.03
• Enterprise Value/Gross Profit: 10.77
• Enterprise Value/Ebitda: 3.31
• 1Y Price Target: $126.14
• Price Target Upside: 10.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 65 Neutral
• Price Target: $122.00 ▲(7.06%Upside)

IdaCorp's overall stock score reflects strong financial performance and positive earnings call sentiment. However, technical indicators and valuation metrics suggest cautious optimism. The potential rate increase and shareholder support are positive but countered by leverage and regulatory concerns.

Positive Factors

Growth and Earnings Outlook

The sustainability of growth is compelling with opportunities for lengthening and extending load growth projections into the next decade.

Management and Strategy Execution

Analysts are confident in management's ability to execute the growth strategy, which includes implementing regulatory initiatives and improving returns.

Regulatory and Economic Environment

The regulatory environment in Idaho is supportive, with potential mechanisms to narrow regulatory lag.

Negative Factors

Credit and Financial Metrics

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

Wildfire and Environmental Risk

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

IdaCorp Business Overview & Revenue Model

Company Description

IdaCorp, Inc. (IDA) is a holding company primarily engaged in the utility sector through its principal subsidiary, Idaho Power Company. Idaho Power Company is an electric utility that provides electricity to customers in a service area spanning southern Idaho and eastern Oregon. The company generates, transmits, and distributes electricity, serving residential, commercial, and industrial customers. Its energy portfolio includes a mix of hydroelectric, coal, natural gas, and renewable energy sources.

How the Company Makes Money

IdaCorp generates revenue primarily through the sale of electricity to its customers in the regulated utility market. The company earns income by charging for the electricity consumed by residential, commercial, and industrial users. Key revenue streams include customer payments for energy consumption, regulated rates approved by public utility commissions, and potential additional earnings from energy efficiency programs or renewable energy credits. Partnerships with government and regulatory bodies ensure compliance and support for infrastructure investments and development of renewable energy projects. The company's financial performance is influenced by factors such as regulatory decisions, energy demand, operational efficiency, and investment in infrastructure and sustainable energy sources.

IdaCorp Financial Statement Overview

Summary

IdaCorp shows robust revenue growth and operational efficiency, evidenced by strong gross profit margins. However, increased leverage and volatile free cash flow due to high capital expenditures pose financial risks.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.81B	1.83B	1.77B	1.64B	1.46B	1.35B
	Gross Profit
694.59M	331.85M	316.84M	330.11M	332.24M	312.17M
	EBIT
327.00M	327.84M	313.48M	327.18M	329.65M	309.52M
	EBITDA
625.72M	668.96M	605.55M	491.54M	493.85M	473.60M
	Net Income Common Stockholders
300.65M	289.17M	261.19M	258.98M	245.55M	237.42M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
0.00	368.87M	327.43M	177.58M	215.24M	300.12M
	Total Assets
0.00	9.59B	8.48B	7.54B	7.21B	7.10B
	Total Debt
3.45B	3.07B	2.83B	2.19B	2.00B	2.00B
	Net Debt
2.81B	2.70B	2.50B	2.02B	1.79B	1.73B
	Total Liabilities
6.24B	5.90B	5.56B	4.73B	4.54B	4.53B
	Stockholders Equity
3.35B	3.33B	2.91B	2.81B	2.67B	2.56B
Cash Flow		Free Cash Flow
-341.61M	-414.86M	-344.11M	-81.30M	63.27M	77.19M
	Operating Cash Flow
609.02M	594.42M	267.03M	351.29M	363.26M	388.13M
	Investing Cash Flow
-866.04M	-917.66M	-589.95M	-424.27M	-273.65M	-347.26M
	Financing Cash Flow
733.94M	364.68M	472.77M	35.32M	-149.48M	16.99M

IdaCorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 113.95
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 113.95 is below the 20-day moving average (MA) of 116.11, below the 50-day MA of 115.73, and above the 200-day MA of 110.01, indicating a neutral trend. The MACD of -0.15 indicates Positive momentum. The RSI at 43.83 is Neutral, neither overbought nor oversold. The STOCH value of 25.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IDA.

IdaCorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POR	73 Outperform	$4.49B	14.33	8.33%	4.88%	11.83%	9.53%
KEP	71 Outperform	$12.92B	3.51	13.42%	0.46%	0.21%	628.34%
TXNM	70 Outperform	$5.24B	25.14	8.37%	2.88%	10.10%	149.78%
OGE	65 Neutral	$8.92B	18.38	10.72%	3.80%	15.56%	21.90%
IDA	65 Neutral	$6.16B	20.20	9.60%	3.02%	1.63%	13.11%
PNW	65 Neutral	$10.74B	17.87	9.08%	3.98%	10.69%	12.37%
Sector *	64 Neutral	$8.58B	10.36	4.24%	4.64%	4.07%	-13.04%

IdaCorp Corporate Events

IdaCorp Requests 13.09% Rate Increase in Idaho

On May 30, 2025, Idaho Power filed a general rate case with the Idaho Public Utilities Commission, requesting a 13.09% rate increase, amounting to $199.1 million in additional annual revenues. This request, if approved, would impact Idaho customers starting January 2026, with an average residential bill increase of about $21.66 per month. The proposed increase aims to cover costs related to energy production, grid investments, wildfire resilience, labor, and other operational expenses. The rate case will undergo public review and approval by the IPUC, with opportunities for public input.

The most recent analyst rating on (IDA) stock is a Hold with a $121.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.

IdaCorp Shareholders Approve Key Proposals at Annual Meeting

At the 2025 Annual Meeting of Shareholders held on May 15, 2025, IDACORP, Inc. presented four proposals to its shareholders. These proposals included the election of directors, approval of executive compensation, authorization of additional shares for the Long-Term Incentive and Compensation Plan, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm. All proposals were approved, indicating strong shareholder support for the company’s current governance and strategic initiatives.

The most recent analyst rating on (IDA) stock is a Hold with a $121.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.

IdaCorp Enters Forward Sale Agreements with Major Banks

On May 8, 2025, IDACORP, Inc. entered into forward sale agreements with Morgan Stanley, JPMorgan Chase, and Wells Fargo, involving over 5 million shares of its common stock. These agreements, part of an underwritten public offering, allow IDACORP to issue shares by November 2026 at an initial forward sale price of $107.67 per share, subject to adjustments. The transactions are expected to have implications for IDACORP’s earnings per share, depending on the settlement method chosen, with potential dilution if shares are physically or net share settled.

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.