Idacorp (IDA)

• Market cap: $5.79B
• 1 day: -0.20%
• 5 days: -4.10%
• 1 month: -7.78%
• 3 months: 6.42%
• 6 months: 18.99%
• Year to date: 9.67%
• 1 year: 12.43%
• 5 years: 0.71%
• 10 years: 65.62%
• Sector: Utilities
• Industry: Electric Services

About: Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.

Employees: 2,112

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

83% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 42

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

16% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 129

9% more funds holding

Funds holding: 393 [Q2] → 428 (+35) [Q3]

5% more capital invested

Capital invested by funds: $4.41B [Q2] → $4.63B (+$224M) [Q3]

8.97% less ownership

Funds ownership: 93.41% [Q2] → 84.44% (-8.97%) [Q3]

99% less call options, than puts

Call options by funds: $258K | Put options by funds: $34.6M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $109 0% upside
• Avg. target: $116 6% upside
• High target: $121 11% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Morgan Stanley David Arcaro 61% 1-year accuracy 23 / 38 met price target	11% upside $121	Equal-Weight Maintained	13 Dec 2024
B of A Securities Ross Fowler 58% 1-year accuracy 11 / 19 met price target	8% upside $117	Buy Upgraded	5 Nov 2024
Mizuho Anthony Crowdell 63% 1-year accuracy 17 / 27 met price target	7% upside $116	Outperform Upgraded	1 Nov 2024
Wells Fargo Sarah Akers 57% 1-year accuracy 8 / 14 met price target	0% upside $109	Equal-Weight Maintained	16 Oct 2024