IDACORP, Inc. (IDA)

IDACORP reported increased third-quarter 2025 net income and raised its full-year earnings guidance. The company announced a dividend increase, marking 13 consecutive years of dividend growth. Strong customer growth and infrastructure investments, including solar, battery storage, and transmission lines, have positively impacted operating income. Milder weather can negatively impact sales volumes, while extreme temperatures increase demand. As of February 2, 2026, IDACORP's closing price was $131.18, with analysts giving the stock a consensus "hold" rating.

Demand for IDACORP's electric energy is seasonal, peaking during the summer irrigation and cooling season, with a lower peak in the winter heating season. Extreme temperatures increase per-customer energy usage, while higher precipitation can decrease irrigation usage, impacting operating income.

IDACORP, Inc. is a diversified energy holding company based in Boise, Idaho, primarily operating through Idaho Power Company. Idaho Power is a regulated electric utility involved in the generation, transmission, distribution, purchase, and sale of electric energy, with a significant portion of its energy mix coming from hydropower. IDACORP is committed to 100% clean energy by 2045 and has investments in battery storage and solar projects. The company also has an "All Other" segment with investments in affordable housing and small hydropower generation projects.

IDACORP's electric utility services cover a 24,000-square-mile service area in southern Idaho and eastern Oregon, serving approximately 649,000 to over 650,000 retail customers. The company also has interests in generating plants located in Wyoming and Nevada.

IDACORP, through Idaho Power, has maintained a strong brand reputation by emphasizing reliability, affordability, and a commitment to clean energy. The company aims to provide 100% clean energy by 2045, building on its history as a clean-energy leader. Idaho Power delivers high reliability and offers electricity prices lower than the national average. The company has shown improvements in safety metrics and experienced strong customer growth. While committed to clean energy, a portion of the company's energy mix still comes from coal, with plans to phase it out. There have also been notes on a lack of ethnic or cultural diversity in the company's leadership.

IDACORP's ownership is a mix of institutional, retail, and individual investors. Institutional investors hold approximately 59.57% of the company's stock, insiders own about 0.19%, and public companies and individual investors account for 40.24%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and Wellington Management Group LLP.