IdaCorp (IDA) AI Stock Analysis

• Market Cap: $6.86B
• Dividend Yield: 2.72%
• Average Volume (3M): 378.31K
• Price to Earnings (P/E): 21.8
• Beta (1Y): 0.04
• Revenue Growth: -1.58%
• EPS Growth: 8.49%
• Country: US
• Employees: 2,130
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 2.26
• Shares Outstanding: 54,045,223
• 10 Day Avg. Volume: 372,525
• 30 Day Avg. Volume: 378,308
• PEG Ratio: 2.92
• Price to Book (P/B): 1.72
• Price to Sales (P/S): 3.14
• P/FCF Ratio: -13.84
• Enterprise Value/Market Cap: 1.55
• Enterprise Value/Revenue: 5.88
• Enterprise Value/Gross Profit: 31.76
• Enterprise Value/Ebitda: 14.87
• 1Y Price Target: $142.17
• Price Target Upside: 11.99% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 5.84
• Revenue Forecast (FY): $1.92B

• Rating: 64 Neutral
• Price Target: $133.00 ▲(4.77% Upside)

IdaCorp's overall score is driven by strong earnings call results and a fair valuation. However, technical analysis indicates bearish momentum, and financial performance shows challenges with revenue growth and cash flow management.

Positive Factors

Customer Growth

A growing customer base, particularly in residential sectors, indicates strong demand and potential for increased revenue, supporting long-term growth.

Infrastructure Developments

Ongoing infrastructure projects enhance capacity and reliability, positioning IdaCorp to meet future demand and regulatory requirements.

Constructive Rate Case Settlement

The rate case settlement ensures a stable revenue increase, supporting financial health and enabling continued investment in infrastructure.

Negative Factors

Negative Revenue Growth

Negative revenue growth can hinder profitability and limit resources for reinvestment, posing a challenge to long-term financial stability.

Increased Leverage

Higher leverage increases financial risk, potentially impacting the company's ability to finance future projects and weather economic downturns.

Cash Flow Challenges

Negative cash flow indicates potential liquidity issues, which could constrain operational flexibility and investment capacity.

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 the sale of electricity to residential, commercial, and industrial customers. The company charges its customers based on energy consumption, which is measured in kilowatt-hours (kWh). Key revenue streams include retail electricity sales, which contribute the majority of the company's income. Additionally, IdaCorp benefits from regulated rate structures approved by state utility commissions, allowing it to earn a return on its investments in infrastructure and capital projects. The company may also engage in energy trading and ancillary services, further contributing to its earnings. Significant partnerships with renewable energy developers and investments in solar and wind projects are crucial as they align with regulatory trends towards sustainable energy, potentially enhancing long-term revenue growth.

IdaCorp Financial Statement Overview

Summary

IdaCorp shows strong operational efficiency with healthy margins, but faces challenges in revenue growth and cash flow management. The increased leverage on the balance sheet requires careful monitoring to avoid financial strain. Improving cash flow generation is crucial for future growth and stability.

Income Statement

IdaCorp's income statement shows a mixed performance. The TTM Gross Profit Margin is strong at 33.4%, indicating efficient cost management. However, the Net Profit Margin has declined to 17.6% from 15.8% in the previous year, showing a slight improvement. Revenue growth has been negative in the TTM period, which is a concern for future profitability. The EBIT and EBITDA margins remain healthy, reflecting operational efficiency.

Balance Sheet

The balance sheet of IdaCorp is relatively stable. The Debt-to-Equity Ratio has increased to 1.05, indicating higher leverage, which could pose a risk if not managed properly. Return on Equity is consistent at around 9.4%, showing steady returns to shareholders. The Equity Ratio is moderate, suggesting a balanced capital structure.

Cash Flow

Cash flow analysis reveals some challenges. The Free Cash Flow is negative, although there is a positive growth rate in the TTM period. The Operating Cash Flow to Net Income ratio is below 1, indicating less cash generation relative to net income. The Free Cash Flow to Net Income ratio is negative, highlighting potential liquidity concerns.

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	334.21M	331.85M	316.84M	330.11M	332.24M	312.17M
EBITDA	713.65M	668.96M	605.55M	560.33M	548.93M	530.03M
Net Income	317.74M	289.17M	261.19M	258.98M	245.55M	237.42M
Balance Sheet
Total Assets	10.08B	9.24B	8.48B	7.54B	7.21B	7.10B
Cash, Cash Equivalents and Short-Term Investments	333.21M	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	6.59B	5.90B	5.56B	4.73B	4.54B	4.53B
Stockholders Equity	3.48B	3.33B	2.91B	2.81B	2.67B	2.56B
Cash Flow
Free Cash Flow	-410.16M	-414.86M	-344.11M	-81.30M	63.27M	77.19M
Operating Cash Flow	600.50M	594.42M	267.03M	351.29M	363.26M	388.13M
Investing Cash Flow	-892.01M	-917.66M	-589.95M	-424.27M	-273.65M	-347.26M
Financing Cash Flow	196.77M	364.68M	472.77M	35.32M	-149.48M	16.99M

IdaCorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 126.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 126.95 is below the 20-day moving average (MA) of 126.99, below the 50-day MA of 129.18, and above the 200-day MA of 121.52, indicating a neutral trend. The MACD of -0.50 indicates Negative momentum. The RSI at 47.79 is Neutral, neither overbought nor oversold. The STOCH value of 68.18 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
POR	70 Outperform	$5.35B	17.25	7.99%	4.38%	7.53%	-17.59%
OGE	67 Neutral	$8.79B	17.15	10.69%	3.82%	18.03%	29.46%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
PNW	65 Neutral	$10.58B	18.15	8.62%	4.15%	5.70%	-8.25%
IDA	64 Neutral	$6.86B	21.79	9.41%	2.72%	-1.58%	8.49%
TXNM	60 Neutral	$6.42B	34.43	6.02%	2.80%	10.65%	-10.67%
ENIC	56 Neutral	$5.65B	81.95	1.30%	5.63%	-25.78%	-91.93%

IdaCorp Corporate Events

IdaCorp Increases Capital Expenditure Forecast by 20%

In a recent announcement, IDACORP, Inc. provided an updated forecast for its capital expenditures from 2025 to 2029, indicating a significant increase of approximately 20% over previous estimates. This adjustment comes after the termination of a 300 MW wind project due to permitting delays and federal land use policy uncertainties, with plans to incorporate a 167 MW gas plant and other investments to address capacity and energy needs.

IDACORP Reports Q3 2025 Financial Results

On October 30, 2025, IDACORP, Inc. announced its third-quarter 2025 financial results, reporting a net income of $124.4 million, up from $113.6 million in the same quarter of 2024. The increase was driven by customer growth and rate changes, although offset by infrastructure investment costs. The company also raised its full-year 2025 earnings guidance, anticipating the use of additional tax credits and assuming normal weather conditions for the remainder of the year.

IdaCorp Reaches Settlement with IPUC on Rate Increase

On May 30, 2025, Idaho Power Company filed a general rate case with the Idaho Public Utilities Commission, seeking an increase in annual revenues by approximately $199.1 million. On October 24, 2025, Idaho Power reached a settlement stipulation with the IPUC, proposing revised tariff schedules to increase retail revenue by about $110 million, effective January 1, 2026, if approved. The settlement includes adjustments to return on equity, power supply expenses, and tax credit mechanisms, with potential implications for stakeholders depending on the IPUC’s pending decision.

IdaCorp Engages Analysts Amid Leadership Transition

Judith A. Johansen announced her retirement from the boards of IDACORP and Idaho Power, effective December 31, 2025, after serving since 2007. Her departure marks a significant change in the company’s leadership, potentially impacting its strategic direction and governance. IDACORP is actively engaging with financial analysts and the investment community, sharing insights into its operations and future plans, which include a robust capital expenditure strategy aimed at supporting growth and maintaining customer affordability.