IdaCorp (IDA) AI Stock Analysis

IdaCorp

(BMV:IDA)

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Positive Factors

Regulated utility modelIDACORP operates through a regulated electric utility, giving its core business a relatively durable revenue framework. Approved rates can recover prudent costs and provide a return on invested capital, while transmission and distribution assets create an ongoing rate-base foundation.

Negative Factors

Negative free cash flow and rising leverageCash generation is not keeping pace with investment needs, with free cash flow deeply negative and worsening in the latest period. Rising debt and leverage increase reliance on external financing, potentially limiting flexibility if capital requirements remain elevated or operating conditions weaken.

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. Its commercial and indus...

IdaCorp Earnings Call Summary

Earnings Call Date:Oct 28, 2026(Q3-2026)|Next Earnings Date:Feb 17, 2027

Earnings Call SentimentPositive

The call was strongly positive overall. IDACORP reported higher earnings, raised full-year EPS guidance, continued customer and industrial revenue growth, a substantial load-growth pipeline, and progress across major transmission and generation projects. The main challenges were elevated capital requirements, higher operating and depreciation expenses, supply-chain constraints, potential ADITC usage and a likely 2027 rate case, but management described these issues as actively managed within its growth and financing plans.

Positive Updates

Higher Quarterly and Year-to-Date Earnings

Third-quarter diluted EPS was $2.73, compared with $2.26 in the prior-year quarter. First-nine-month diluted EPS was $5.76, compared with $5.13 in 2025. Management said the results showcase strong performance so far in 2026.

Negative Updates

Higher Operating and Depreciation Expenses

Third-quarter O&M expense was higher, primarily due to amortization of previously deferred Jim Bridger and Valmy plant costs and the wildfire mitigation program. Depreciation and amortization expense increased by a little over $7 million for the quarter as more plant entered service.

Company Guidance

IDACORP now expects 2026 diluted earnings per share to be in the range of $6.40 to $6.50, with Idaho Power using less than $10 million of additional investment tax credit amortization in 2026, assuming normal weather for the remainder of 2026; full year O&M expense is expected to be in the range of $535 million to $545 million, the company still anticipates spending between $1.3 billion and $1.5 billion on CapEx in 2026 and is trending to the high end of that range, and hydropower generation is expected to be within the range of 5.5 million to 6 million megawatt hours for the year. The preliminary load growth CAGR for the 2027 IRP is 8.9% for retail sales for the next 5 years, with load forecast of about 19 thousand gigawatt-hours in 2027 growing to about 29 thousand gigawatt-hours by 2032; B2H remains on schedule for an in-service date in late 2027, Swift North is expected to be completed in 2028, and the Oregon sale is expected to close in the spring of 2027, pending successful regulatory outcomes.

IdaCorp Risk Analysis

IdaCorp disclosed 32 risk factors in its most recent earnings report. IdaCorp reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

0 New Risks

IdaCorp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (66)

Financial Indicators

MX:IDA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGE	76Outperform	$10.23B	18.53	11.14%	3.44%	2.38%	6.90%
PNW	67Neutral	$12.88B	19.98	9.04%	3.44%	5.69%	6.83%
Sector *	66Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
NWE	59Neutral	$4.91B	28.61	5.92%	3.35%	10.69%	-24.15%
POR	56Neutral	$5.29B	18.82	6.54%	4.85%	2.51%	-15.35%
TXNM	56Neutral	$6.43B	27.36	6.51%	2.89%	9.99%	24.68%

* Utilities Sector Average

Performance Comparison

MX:IDA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NWE	Northwestern	79.81	21.27	36.33%
OGE	OGE Energy Corp	49.47	6.78	15.89%
PNW	Pinnacle West Capital	106.28	19.36	22.27%
TXNM	Txnm Energy, Inc.	58.38	3.05	5.52%
POR	Portland General Electric	44.42	-0.93	-2.05%

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.

IdaCorp AI Stock Analysis