Idacorp
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)
65% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 46
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
17% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 127
8% more funds holding
Funds holding: 392 [Q2] → 422 (+30) [Q3]
5% more capital invested
Capital invested by funds: $4.41B [Q2] → $4.61B (+$203M) [Q3]
9.34% less ownership
Funds ownership: 93.41% [Q2] → 84.07% (-9.34%) [Q3]
99% less call options, than puts
Call options by funds: $258K | Put options by funds: $34.6M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
B of A Securities Ross Fowler 75% 1-year accuracy 12 / 16 met price target | 0%downside $117 | Buy Upgraded | 5 Nov 2024 |
Mizuho Anthony Crowdell 66% 1-year accuracy 21 / 32 met price target | 1%downside $116 | Outperform Upgraded | 1 Nov 2024 |
Wells Fargo Sarah Akers 93% 1-year accuracy 13 / 14 met price target | 7%downside $109 | Equal-Weight Maintained | 16 Oct 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 22 / 36 met price target | 8%downside $108 | Equal-Weight Maintained | 25 Sept 2024 |
Jefferies Julien Dumoulin-Smith 61% 1-year accuracy 44 / 72 met price target | 6%downside $110 | Hold Initiated | 19 Sept 2024 |
Financial journalist opinion
Based on 9 articles about IDA published over the past 30 days
