Financial PerformanceManagement initiated 2024 EPS guidance of $5.25-$5.45, which was slightly below Street and analyst expectations.
Growth ConcernsDespite an increase in capital expenditure plan by 21%, the rate base CAGR decreased, indicating a lower growth rate than previously.
Market SentimentShares are currently trading at an approximate 8% P/E premium, which is below the historical norm, suggesting market skepticism regarding IDA's growth phase.