IDACORP, Inc. (IDA) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

IDACORP, Inc. (IDA) Utility Operations & Dividend Profile

IDACORP, Inc. is a regulated electric utility company focused on power generation, transmission, and distribution in the Pacific Northwest. With a diverse energy portfolio and a service area spanning southern Idaho and eastern Oregon, IDACORP delivers reliable electricity to a growing customer base.

What Is the Investment Thesis for IDA?

IDACORP, Inc. presents a stable investment opportunity within the regulated electric utility sector. The company's consistent profitability, demonstrated by a profit margin of 18.6%, and a dividend yield of 2.43% offer potential for steady returns. Growth catalysts include increasing demand for electricity in its service areas and investments in renewable energy projects. Potential risks include regulatory changes, fluctuations in fuel costs, and the impact of environmental regulations. The company's beta of 0.54 suggests lower volatility compared to the broader market. IDACORP's ability to maintain its operational efficiency and adapt to evolving energy policies will be critical to its long-term success.

Based on FMP financials and quantitative analysis

IDA Key Highlights

Market capitalization of $8.19B reflects investor confidence in IDACORP's stability and growth potential.

• P/E ratio of 25.1 indicates the price investors are willing to pay for each dollar of IDACORP's earnings.
• Profit margin of 18.6% showcases the company's ability to generate profit from its revenue.
• Gross margin of 20.2% demonstrates the efficiency of IDACORP's operations in managing its cost of goods sold.
• Dividend yield of 2.43% provides investors with a steady stream of income.

Who Are IDA's Competitors?

IDA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are IDA's Key Strengths?

Stable revenue stream due to regulated rate structure.

• Diversified generation portfolio.
• Strong presence in its service territory.
• Experienced management team.

What Are IDA's Weaknesses?

Dependence on regulatory approvals.

• Exposure to fluctuations in fuel costs.
• Limited geographic diversification.
• Capital-intensive business model.

What Could Drive IDA Stock Higher?

Regulatory approval of rate increases to support infrastructure investments.

• Expansion of renewable energy generation capacity.
• Implementation of smart grid technologies to improve grid efficiency.
• Population growth and economic development in its service territory.

What Are the Key Risks for IDA?

Financial-distress signal — its Altman Z-Score of 1.33 sits in the distress zone (elevated bankruptcy risk).

• Rich valuation — a P/E of 25.1 runs well above the Utilities sector’s ~19x, leaving little room for a miss.
• Changes in environmental regulations could increase compliance costs.
• Fluctuations in fuel costs could impact profitability.
• Cybersecurity threats to grid infrastructure.
• Dependence on regulatory approvals for key projects.

What Are the Growth Opportunities for IDA?

• Expansion of Renewable Energy Portfolio: IDACORP has the opportunity to invest further in renewable energy sources such as solar and wind power. The market for renewable energy is projected to grow significantly, driven by government incentives and increasing demand for clean energy. By expanding its renewable energy portfolio, IDACORP can reduce its reliance on fossil fuels and enhance its environmental sustainability, potentially attracting environmentally conscious investors. Timeline: Ongoing.
• Infrastructure Modernization: Upgrading existing transmission and distribution infrastructure presents a significant growth opportunity. Modernizing infrastructure can improve grid reliability, reduce energy losses, and enhance the integration of renewable energy sources. Government funding and regulatory support are available for infrastructure modernization projects. Timeline: Ongoing.
• Customer Base Expansion: IDACORP can expand its customer base by targeting new residential and commercial developments in its service areas. Population growth in southern Idaho and eastern Oregon is expected to drive increased demand for electricity. By proactively engaging with developers and offering competitive rates, IDACORP can capture a larger share of the market. Timeline: Ongoing.
• Smart Grid Technologies: Implementing smart grid technologies can improve grid efficiency and enable better demand response management. Smart grids allow for real-time monitoring of energy consumption and facilitate the integration of distributed energy resources. Investing in smart grid technologies can enhance IDACORP's operational efficiency and improve customer service. Timeline: Ongoing.
• Electric Vehicle (EV) Charging Infrastructure: With the increasing adoption of electric vehicles, IDACORP has the opportunity to invest in EV charging infrastructure. Providing convenient and reliable charging options can encourage EV adoption and increase electricity demand. Partnering with local businesses and government agencies can facilitate the deployment of EV charging stations. Timeline: Ongoing.

What Threats Does IDA Face?

• Changes in environmental regulations.
• Increased competition from alternative energy sources.
• Economic downturns affecting customer demand.
• Cybersecurity threats to grid infrastructure.

What Are IDA's Competitive Advantages?

• Regulated monopoly in its service territory provides a barrier to entry.
• Extensive infrastructure network of transmission and distribution lines.
• Long-term customer relationships and high customer retention rates.
• Diversified generation portfolio reduces reliance on any single fuel source.

What Does IDA Do?

IDACORP, Inc., established in 1915 and headquartered in Boise, Idaho, is an electric utility holding company operating primarily through its subsidiary, Idaho Power Company. The company is engaged in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. IDACORP's operations are concentrated in southern Idaho and eastern Oregon, where it provides electric utility services to approximately 604,000 retail customers. The company's diverse generation portfolio includes 17 hydropower generating plants, three natural gas-fired plants, and interests in two coal-fired steam electric generating plants. These facilities enable IDACORP to meet the energy demands of its residential, commercial, and industrial customers. IDACORP's infrastructure includes approximately 4,843 pole-miles of high-voltage transmission lines and 28,570 pole-miles of distribution lines. The company serves a broad range of customers, including those involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. IDACORP also invests in housing and other real estate tax credit investments, diversifying its business interests beyond electric utility operations.

What Products and Services Does IDA Offer?

• Generates electricity through hydropower, natural gas, and coal-fired plants.
• Transmits high-voltage electricity across its transmission network.
• Distributes electricity to residential, commercial, and industrial customers.
• Purchases electricity from other sources to supplement its own generation.
• Sells electricity to approximately 604,000 retail customers in southern Idaho and eastern Oregon.
• Invests in housing and other real estate tax credit investments.

How Does IDA Make Money?

• Generates revenue through the sale of electricity to retail customers.
• Operates under a regulated rate structure, ensuring a stable revenue stream.
• Invests in infrastructure and generation assets to meet customer demand.
• Manages fuel costs and operational expenses to maintain profitability.

What Industry Does IDA Operate In?

IDACORP, Inc. operates within the regulated electric utility industry, characterized by stable demand and government oversight. The industry is undergoing a transition towards cleaner energy sources, driven by environmental regulations and technological advancements. Key competitors include CMS Energy Corporation (CMS), OGE Energy Corp. (OGE), TXNM Energy, Inc. (TXNM), Black Hills Corporation (BKH), and Portland General Electric Company (POR). These companies compete for market share and investment in infrastructure upgrades. The industry is expected to see moderate growth, driven by population increases and electrification trends.

Who Are IDA's Key Customers?

• Residential customers in southern Idaho and eastern Oregon.
• Commercial customers, including businesses and organizations.
• Industrial customers, such as manufacturing plants and data centers.

Company Profile

IDACORP, Inc. operates in the Regulated Electric industry within the Utilities sector. It is headquartered in Boise, US. The company is led by CEO Lisa A. Grow. IDA has traded publicly since 1944.

IDACORP, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.33 places it in the distress zone, a signal of elevated financial risk.

Return on equity for IDACORP, Inc. stands at 9.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.1%, showing how much profit it generates from its asset base. IDA trades at a trailing price-to-earnings ratio of 25.09, above the Utilities sector average of ~19x. Its free cash flow yield is -9.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.21 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 4.0%, the inverse of the P/E and a quick read on earnings relative to price.

IDA Valuation & Market Position

With a $8.19B market cap, IDACORP, Inc. sits in the mid-cap segment of the market. Relative to its peer group, IDA's quantitative score of 48/100 is roughly in line with the peer average of 56/100.

Wall Street analysts project IDACORP, Inc. revenue of about $1.98B for fiscal 2026, with EPS near $6.39. The estimate reflects 5 contributing analysts.

Over the past six months, IDACORP, Inc. insiders filed 14 SEC Form 4 transactions — 5 sales and 9 purchases. On net that is roughly 2K shares acquired (about $963K) — insiders putting money in tends to read as conviction.

IDA Financials

IDA Latest News

IDA Analyst Consensus

IDA MoonshotScore

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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