IDACORP, Inc. (IDA)

Over the past six months, IDACORP's stock price has increased. IDACORP reported Q3 EPS of $2.26, meeting consensus estimates. The company raised its full-year 2025 EPS guidance to $5.80-$5.90. IDACORP announced a quarterly dividend increase of 2.3% to $0.88 per share. A settlement was reached for an Idaho General Rate Case, requesting an increase of $110.0 million in annual Idaho-jurisdictional revenue, effective January 1, 2026, and proposing a 9.6% Idaho-jurisdiction return on equity.

Demand for IDACORP's products and services exhibits clear seasonality, with peak retail energy sales during the summer irrigation and cooling season and a secondary peak during the winter heating season. Extreme temperatures lead to increased electricity sales, while mild temperatures result in decreased sales. The company is also experiencing fast-rising demand from new large-scale customers.

IDACORP, Inc. is an energy holding company based in Boise, Idaho, primarily operating through Idaho Power Company. It generates, transmits, distributes, purchases, and sells electric energy to various customers. The company's electricity generation portfolio includes hydroelectric, natural gas-fired, coal-fired, and natural gas-fired plants. IDACORP is investing in renewable energy projects and aims to provide 100% clean energy by 2045. It also holds investments in affordable housing and operates small hydropower generation projects.

IDACORP's primary geographic footprint covers a 24,000-square-mile service area in southern Idaho and eastern Oregon, serving over 640,000 customers. The company also has holdings or has conducted business in Nevada and Wyoming.

IDACORP maintains a strong brand reputation, emphasizing operational excellence, sustainability, and customer satisfaction. In 2024, IDACORP achieved its third-safest year in company history and maintained 99.96% service reliability. The company's goal to provide 100% clean energy by 2045 further enhances its reputation for environmental stewardship.

Institutional investors hold a significant portion of IDACORP's stock, with approximately 86% to 99.5% ownership. Insiders own less than 1% of the company's shares, while the general public holds around 12% to 14%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and Wellington Management Group LLP.