IdaCorp (IDA) AI Stock Analysis

• Market Cap: $6.87B
• Dividend Yield: 2.72%
• Average Volume (3M): 450.88K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 0.15
• Revenue Growth: -0.48%
• EPS Growth: 6.40%
• Country: US
• Employees: 2,130
• Sector: Utilities
• Sector Strength: 81
• Industry: Regulated Electric
• EPS (TTM): 1.76
• Shares Outstanding: 54,032,920
• 10 Day Avg. Volume: 339,429
• 30 Day Avg. Volume: 450,884
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: 5.24
• Enterprise Value/Gross Profit: 13.54
• Enterprise Value/Ebitda: 13.70
• 1Y Price Target: $129.00
• Price Target Upside: 2.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 71 Outperform
• Price Target: $137.00 ▲(8.39% Upside)

IdaCorp's overall stock score reflects solid financial performance and positive technical indicators. The company's strong earnings call and recent corporate events support its growth prospects. However, high leverage, negative free cash flow, and valuation concerns slightly temper the outlook.

Positive Factors

Earnings and Financial Performance

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

Growth Potential

The growth outlook for IDA remains strong, supported by a robust local economy and increased interest from large energy-intensive customers.

Management and Strategy

Analysts are more confident in management's ability to execute the growth strategy, implement regulatory initiatives, and improve returns.

Negative Factors

Regulatory Challenges

Reducing regulatory lag is crucial as IDA plans to invest nearly twice as much in capital expenditures over the next five years compared to the previous five.

IdaCorp Business Overview & Revenue Model

Company Description

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2021, it had approximately 4,843 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 10 switching stations; 30 mixed-use transmission and distribution substations; 187 energized distribution substations; and 28,570 pole-miles of distribution lines, as well as provides electric utility services to approximately 604,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.

How the Company Makes Money

IdaCorp generates revenue primarily through its subsidiary, Idaho Power, which earns money by providing electricity to residential, commercial, and industrial customers. The revenue model is heavily regulated, with rates set by state public utility commissions. Key revenue streams include sales of electricity, demand charges, and additional services related to energy efficiency programs. The company also benefits from long-term contracts for renewable energy projects, helping to diversify its income. Significant partnerships with renewable energy developers and investment in solar and wind projects further contribute to its earnings, positioning IdaCorp as a forward-thinking player in the energy sector.

IdaCorp Financial Statement Overview

Summary

IdaCorp demonstrates solid revenue growth and profitability, with strong margins and consistent returns on equity. However, increased leverage and negative free cash flow pose potential risks. The company should focus on improving cash flow management to enhance financial stability.

Income Statement

IdaCorp shows strong revenue growth with a TTM increase of 13.6%, indicating a positive trajectory. Gross profit margin improved significantly to 38.68% in TTM, reflecting enhanced operational efficiency. Net profit margin also increased to 16.96%, showcasing profitability. However, the EBIT and EBITDA margins, while healthy, show modest growth, suggesting room for further operational improvements.

Balance Sheet

The company's debt-to-equity ratio increased to 1.08 in TTM, indicating higher leverage, which could pose risks if not managed carefully. Return on equity is stable at 9.20%, reflecting consistent shareholder returns. The equity ratio stands at 34.21%, suggesting a balanced capital structure but with a slight tilt towards debt.

Cash Flow

Operating cash flow remains robust, covering 86% of net income in TTM, indicating strong cash generation. However, free cash flow is negative, and its growth rate is declining, which could impact future investments and financial flexibility. The negative free cash flow to net income ratio highlights potential liquidity challenges.

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	699.93M	331.85M	316.84M	330.11M	332.24M	312.17M
EBITDA	691.68M	668.96M	605.55M	491.54M	493.85M	473.60M
Net Income	306.91M	289.17M	261.19M	258.98M	245.55M	237.42M
Balance Sheet
Total Assets	9.94B	9.24B	8.48B	7.54B	7.21B	7.10B
Cash, Cash Equivalents and Short-Term Investments	474.49M	368.87M	327.43M	177.58M	215.24M	300.12M
Total Debt	3.67B	3.07B	2.83B	2.19B	2.00B	2.00B
Total Liabilities	6.53B	5.90B	5.56B	4.73B	4.54B	4.53B
Stockholders Equity	3.40B	3.33B	2.91B	2.81B	2.67B	2.56B
Cash Flow
Free Cash Flow	-298.41M	-414.86M	-344.11M	-81.30M	63.27M	77.19M
Operating Cash Flow	639.60M	594.42M	267.03M	351.29M	363.26M	388.13M
Investing Cash Flow	-832.94M	-917.66M	-589.95M	-424.27M	-273.65M	-347.26M
Financing Cash Flow	498.27M	364.68M	472.77M	35.32M	-149.48M	16.99M

IdaCorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 126.40
• 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 126.4 is above the 20-day moving average (MA) of 124.37, above the 50-day MA of 119.17, and above the 200-day MA of 113.80, indicating a bullish trend. The MACD of 1.99 indicates Positive momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 59.73 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
IDA	71 Outperform	$6.87B	22.35	9.31%	2.72%	-0.48%	6.40%
PNW	69 Neutral	$11.00B	18.97	8.90%	3.88%	7.47%	-8.53%
OGE	69 Neutral	$9.08B	18.52	10.76%	3.72%	16.01%	19.05%
POR	69 Neutral	$4.67B	15.65	8.02%	4.76%	9.78%	-6.19%
KEP	68 Neutral	$17.17B	3.81	15.47%	0.36%	1.28%	124.47%
TXNM	68 Neutral	$5.97B	29.18	6.36%	2.85%	10.23%	114.67%
Sector *	67 Neutral	$17.75B	18.23	5.35%	3.57%	7.33%	12.21%

IdaCorp Corporate Events

IDACORP Reports Q2 2025 Income Growth and Project Launch

On July 31, 2025, IDACORP, Inc. reported a net income of $95.8 million for the second quarter of 2025, an increase from $89.5 million in the same period of 2024. The growth was attributed to higher customer usage, customer growth, and rate changes, partially offset by increased depreciation and financing costs. The company also announced the commencement of the Boardman-to-Hemingway transmission line project, highlighting its commitment to infrastructure development. Additionally, IDACORP raised the lower end of its full-year 2025 earnings guidance, expecting to utilize significant tax credits under the Idaho regulatory mechanism.

The most recent analyst rating on (IDA) stock is a Hold with a $125.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.

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.