IDACORP, Inc. – Consensus Indicates Potential 13.4% Upside

Broker Ratings

IDACORP, Inc. found using ticker (IDA) now have 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 120 and 108 and has a mean target at 115. Given that the stocks previous close was at 101.41 this now indicates there is a potential upside of 13.4%. The 50 day MA is 105.21 and the 200 day moving average is 105.79. The company has a market capitalisation of $5,169m. You can visit the company’s website by visiting:

The potential market cap would be $5,861m based on the market concensus.

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IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2022, it had approximately 4,832 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 11 switching stations; 30 mixed-use transmission and distribution substations; 189 energized distribution substations; and 29,384 pole-miles of distribution lines, as well as provides electric utility services to approximately 618,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.

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