New insider activity at IdaCorp ( (IDA) ) has taken place on May 16, 2025.
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Jeffrey Malmen, the Senior Vice President of Public Affairs at IdaCorp, recently sold 5,000 shares of the company’s stock. This transaction was valued at $556,550, reflecting a significant financial move within the company.
Recent Updates on IDA stock
In the last 24 hours, IdaCorp announced a significant development involving forward sale agreements with major financial institutions, allowing the issuance of over 5 million shares by November 2026. This move, part of a larger public offering, is expected to impact earnings per share depending on the settlement method, with potential dilution if shares are physically or net share settled. The offering size increased to $500 million, reflecting strong investor interest. Additionally, IdaCorp’s recent earnings call highlighted robust financial health with increased earnings per share, a growing customer base, and significant investments from major customers. However, challenges such as rising operational expenses and regulatory concerns were noted. The positive earnings report and strategic investments contributed to a price target adjustment by analysts, reflecting confidence in the company’s growth prospects despite existing risks.
Spark’s Take on IDA Stock
According to Spark, TipRanks’ AI Analyst, IDA is a Neutral.
IdaCorp demonstrates robust financial growth and operational efficiency, with strong future growth prospects highlighted in the earnings call. However, the company’s increased leverage and potential regulatory challenges pose risks. The technical indicators suggest caution with the stock nearing overbought conditions, yet the valuation remains fair with a steady dividend yield. Overall, IdaCorp shows a solid position but warrants careful monitoring of its leverage and regulatory landscape.
To see Spark’s full report on IDA stock, click here.
More about IdaCorp
YTD Price Performance: 3.13%
Average Trading Volume: 421,737
Technical Sentiment Signal: Buy
Current Market Cap: $6B