IdaCorp (IDA) AI Stock Analysis

• Market Cap: $7.01B
• Dividend Yield: 2.65%
• Average Volume (3M): 426.30K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 0.08
• 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: 431,627
• 30 Day Avg. Volume: 426,302
• 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: 1.52
• Enterprise Value/Revenue: 5.88
• Enterprise Value/Gross Profit: 31.76
• Enterprise Value/Ebitda: 14.87
• 1Y Price Target: $143.33
• Price Target Upside: 10.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 62 Neutral
• Price Target: $137.00 ▲(5.69% Upside)

IdaCorp's overall stock score reflects a mix of strong earnings performance and operational efficiency, offset by challenges in revenue growth and cash flow management. The positive earnings call sentiment and infrastructure developments provide a favorable outlook, but technical indicators suggest caution in the short term.

Positive Factors

Earnings Growth

The consistent increase in earnings per share indicates strong financial performance and operational efficiency, supporting long-term profitability.

Customer Growth

Robust customer growth, particularly in residential sectors, suggests increasing demand and market expansion, which can drive future revenue.

Infrastructure Development

Ongoing infrastructure projects enhance capacity and reliability, positioning the company to meet future demand and support growth.

Negative Factors

Revenue Growth Challenges

Negative revenue growth indicates potential challenges in maintaining or increasing market share, impacting long-term profitability.

Rising Debt Levels

Higher leverage can strain financial flexibility and increase risk, potentially affecting the company's ability to invest in growth opportunities.

Cash Flow Concerns

Negative free cash flow suggests challenges in generating sufficient cash to cover operations and investments, impacting financial stability.

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 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: Neutral
• Last Price: 129.62
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IDA, the sentiment is Neutral. The current price of 129.62 is below the 20-day moving average (MA) of 134.41, below the 50-day MA of 130.03, and above the 200-day MA of 118.96, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 39.81 is Neutral, neither overbought nor oversold. The STOCH value of 13.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IDA.

IdaCorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POR	―	$5.28B	17.03	7.99%	4.48%	7.53%	-17.59%
TXNM	―	$6.20B	33.25	6.02%	2.87%	10.65%	-10.67%
OGE	―	$8.89B	17.70	10.69%	3.83%	18.03%	29.46%
PNW	―	$10.68B	18.43	8.90%	4.06%	7.47%	-8.53%
Sector *	―	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
IDA	―	$7.01B	22.25	9.41%	2.65%	-1.58%	8.49%
ENIC	―	$5.29B	78.09	1.30%	5.81%	-25.78%	-91.93%

IdaCorp Corporate Events

IDACORP’s Earnings Call Highlights Strong Growth and Optimism

The recent earnings call for IDACORP painted a picture of robust financial health and strategic growth. The sentiment was overwhelmingly positive, driven by increased earnings, customer growth, and successful infrastructure developments. Despite facing challenges such as the termination of the Jackalope Wind project and inflationary pressures, the company remains optimistic about its future prospects, buoyed by a constructive rate case settlement.

IdaCorp Reports Strong Earnings Amid Revenue Dip

IdaCorp, Inc. is a holding company primarily operating through its subsidiary, Idaho Power Company, which is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy across southern Idaho and eastern Oregon. The company is regulated by state utility commissions and the Federal Energy Regulatory Commission.

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.

The most recent analyst rating on (IDA) stock is a Hold with a $129.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.

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.

The most recent analyst rating on (IDA) stock is a Buy with a $155.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.

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.

The most recent analyst rating on (IDA) stock is a Hold with a $137.00 price target. To see the full list of analyst forecasts on IdaCorp stock, see the IDA Stock Forecast page.