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IdaCorp
(NYSE:IDA)
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Rating:60Neutral
Price Target:
$150.00
â–²(0.96% Upside)
Action:Reiterated
Date:08/18/26
IDA scores 60 primarily due to pressured fundamentals from large negative free cash flow and rising leverage despite stable profitability and improving earnings. The earnings call adds support via raised guidance and solid operating trends, while technicals are mildly weak and valuation is only fair given the P/E and modest dividend yield.
Positive Factors
Regulated utility model
Regulated pricing supports earnings visibility by allowing recovery of prudent operating costs and investment returns. This creates a durable foundation for cash generation, although results remain dependent on regulatory decisions and execution.
Negative Factors
Deeply negative free cash flow
Large investment requirements are absorbing substantially more cash than the business generates after operations. Persistently negative free cash flow increases dependence on debt and equity financing and reduces flexibility if project costs or timing deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated utility model
Regulated pricing supports earnings visibility by allowing recovery of prudent operating costs and investment returns. This creates a durable foundation for cash generation, although results remain dependent on regulatory decisions and execution.
Read all positive factors
IdaCorp (IDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.10B
Dividend Yield2.57%
Average Volume (3M)595.27K
Price to Earnings (P/E)22.2
Beta (1Y)0.09
Revenue Growth-1.11%
EPS Growth8.18%
CountryUS
Employees2,174
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)6.18
Shares Outstanding57,842,045
10 Day Avg. Volume456,064
30 Day Avg. Volume595,269
Financial Highlights & Ratios
PEG Ratio2.54
Price to Book (P/B)1.92
Price to Sales (P/S)3.79
P/FCF Ratio-11.89
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$158.20Price Target Upside6.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)6.38
Revenue Forecast (FY)$1.98B
IdaCorp Business Overview & Revenue Model
Company Description
IDACORP, Inc. operates as a U.S.-based enterprise deeply involved in the comprehensive electric power sector, handling everything from generation, transmission, and distribution to the purchase and retail sale of electricity. The company maintains...
How the Company Makes Money
IDACORP makes money primarily through Idaho Power’s regulated sale and delivery of electricity to end-use customers. Revenue is largely derived from retail electric rates approved by state utility regulators (principally the Idaho Public Utilities...
IdaCorp Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution and clear financial improvements (EPS growth, raised guidance, meaningful industrial revenue ramp and reduced ADITC use) alongside steady progress on batteries, transmission and generation projects. Major positives include customer growth (+2.3%), industrial revenue growth (+17%), addition of 250 MW of battery capacity this quarter (550+ MW since 2023), and improved guidance. Key challenges are elevated near-term O&M and depreciation/interest as large amounts of CWIP convert to plant, hydropower variability due to dry weather, working-capital timing impacts on operating cash flow, and execution/financing risks tied to a sizable capital program that may prompt a 2027 rate case. Overall, positives significantly outweigh the negatives, though execution and capital/regulated-rate timing remain items to monitor.Positive Updates
Quarterly and Year-to-Date EPS Growth
Diluted EPS of $1.79 in Q2 2026 vs $1.76 in Q2 2025 (+1.7%); year-to-date diluted EPS $3.00 vs $2.87 (+4.5%).
Negative Updates
Higher O&M and Amortization Expenses
O&M expense was nearly $12 million higher in Q2 driven by amortization of previously deferred costs (Jim Bridger plant and wildfire mitigation plan); depreciation and amortization expense increased ~ $5 million for the quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly and Year-to-Date EPS Growth
Diluted EPS of $1.79 in Q2 2026 vs $1.76 in Q2 2025 (+1.7%); year-to-date diluted EPS $3.00 vs $2.87 (+4.5%).
Read all positive updates
Company Guidance
IDACORP reiterated 2026 guidance with diluted EPS now expected at $6.30–$6.45 (lowered-end raised $0.05), assuming historically normal weather, and noted first‑half EPS of $3.00 versus $2.87 YTD‑2025; Idaho Power now expects to use less than $15 million of additional ITC amortization in 2026 (down from prior guidance of < $30M and versus ~$40M amortized in 2025), full‑year O&M of $525M–$535M, CapEx of $1.3B–$1.5B (management is trending to the high end), and hydropower generation of 5.5M–6.5M MWh (top end trimmed by 0.5M MWh).IdaCorp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.80B | 1.81B | 1.83B | 1.77B | 1.64B | 1.46B |
| Gross Profit | 390.79M | 401.43M | 331.85M | 316.84M | 330.11M | 332.24M |
| EBITDA | 819.60M | 737.01M | 668.96M | 605.55M | 560.33M | 548.93M |
| Net Income | 338.60M | 323.47M | 289.17M | 261.19M | 258.98M | 245.55M |
Balance Sheet | ||||||
| Total Assets | 10.87B | 10.23B | 9.24B | 8.48B | 7.54B | 7.21B |
| Cash, Cash Equivalents and Short-Term Investments | 83.64M | 215.72M | 368.87M | 327.43M | 177.58M | 215.24M |
| Total Debt | 4.01B | 3.66B | 3.07B | 2.83B | 2.19B | 2.00B |
| Total Liabilities | 7.08B | 6.65B | 5.90B | 5.56B | 4.73B | 4.54B |
| Stockholders Equity | 3.77B | 3.57B | 3.33B | 2.91B | 2.81B | 2.67B |
Cash Flow | ||||||
| Free Cash Flow | -1.11B | -577.49M | -414.86M | -344.11M | -81.30M | 63.27M |
| Operating Cash Flow | 346.99M | 601.84M | 594.42M | 267.03M | 351.29M | 363.26M |
| Investing Cash Flow | -1.23B | -1.03B | -917.66M | -589.95M | -424.27M | -273.65M |
| Financing Cash Flow | 440.48M | 273.92M | 364.68M | 472.77M | 35.32M | -149.48M |
IdaCorp Technical Analysis
Negative
148.57
Price Trends
145.13
Negative
143.67
Negative
137.42
Negative
Market Momentum
-1.62
Positive
35.07
Neutral
23.82
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 148.57 is above the 20-day moving average (MA) of 142.06, above the 50-day MA of 145.13, and above the 200-day MA of 137.42, indicating a bearish trend. The MACD of -1.62 indicates Positive momentum. The RSI at 35.07 is Neutral, neither overbought nor oversold. The STOCH value of 23.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IDA.
IdaCorp Risk Analysis
IdaCorp disclosed 32 risk factors in its most recent earnings report. IdaCorp reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
IdaCorp Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $6.08B | 10.87 | 10.70% | 4.41% | 9.54% | 294.77% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $5.90B | 21.66 | 6.30% | 4.09% | 2.95% | -17.06% | |
63 Neutral | $9.65B | 19.92 | 9.56% | 3.45% | 0.63% | -6.14% | |
60 Neutral | $8.10B | 22.20 | 9.36% | 2.36% | -1.11% | 8.18% | |
60 Neutral | $12.04B | 18.30 | 9.04% | 3.44% | 5.69% | 6.83% | |
51 Neutral | $5.92B | 31.73 | 5.67% | 2.84% | 9.97% | -7.29% |
* Utilities Sector Average
IDA
IdaCorp
137.20
12.38
9.92%
OGE
OGE Energy
45.62
1.71
3.89%
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Pinnacle West Capital
97.36
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TXNM
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POR
Portland GE
49.59
8.37
20.31%
ENIC
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4.44
1.10
32.97%
IdaCorp Corporate Events
Business Operations and StrategyFinancial Disclosures
IDACORP Boosts Earnings Guidance After Strong Second Quarter
Positive
Jul 30, 2026
On July 30, 2026, IDACORP reported second quarter 2026 net income of $102.6 million, or $1.79 per diluted share, up from $95.8 million, or $1.76 per diluted share, in the prior-year period, driven by continued customer growth, rate changes and hig...
Executive/Board ChangesShareholder Meetings
IDACORP Shareholders Back Board, Pay, and Auditor Choices
Positive
May 22, 2026
At its 2026 Annual Meeting of Shareholders held on May 21, 2026, IDACORP shareholders elected ten directors to one-year terms, including one new board member, Sharon L. Miller, with all nominees receiving a plurality of votes. The continuity of th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.