Idacorp Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 8 out of 67 in the Electric Utilities & IPPs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 147.00.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Idacorp Inc's Score
Industry at a Glance
Industry Ranking
8 / 67
Overall Ranking
94 / 4546
Industry
Electric Utilities & IPPs
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
Idacorp Inc Highlights
StrengthsRisks
IDACORP, Inc. is a holding company. The Company operates through its subsidiary, Idaho Power Company (Idaho Power). Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity and is regulated by the state regulatory commissions of Idaho and Oregon and by the Federal Energy Regulatory Commission. Idaho Power provides electric utility service to over 649,000 retail customers in southern Idaho and eastern Oregon. Its customers are in food processing, electronics and general manufacturing, agriculture and others. Idaho Power provides irrigation customers with electric utility service to operate irrigation pumps during the agricultural growing season. Its other subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate tax credit investments, and Ida-West Energy Company (Ida-West), an operator of small PURPA-qualifying hydropower generation projects.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 1.81B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 60.78%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 60.78%.
Overvalued
The company’s latest PE is 23.40, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 56.36M shares, decreasing 3.27% quarter-over-quarter.
IDACORP, Inc. is a holding company. The Company operates through its subsidiary, Idaho Power Company (Idaho Power). Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity and is regulated by the state regulatory commissions of Idaho and Oregon and by the Federal Energy Regulatory Commission. Idaho Power provides electric utility service to over 649,000 retail customers in southern Idaho and eastern Oregon. Its customers are in food processing, electronics and general manufacturing, agriculture and others. Idaho Power provides irrigation customers with electric utility service to operate irrigation pumps during the agricultural growing season. Its other subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate tax credit investments, and Ida-West Energy Company (Ida-West), an operator of small PURPA-qualifying hydropower generation projects.