IDACORP, Inc. (IDA)

In July 2025, IDACORP announced strong second-quarter results and increased its full-year earnings guidance. In June 2025, the company broke ground on its Boardman-to-Hemingway 500kV transmission line project. In September 2025, IDACORP increased its common stock dividend. In October 2025, the company announced its third-quarter results, further increasing its earnings guidance range, and declared a dividend. In November 2025, an analyst upgrade from Morgan Stanley influenced the stock, while some analysis suggested the stock's valuation was stretched. IDACORP's stock price has seen a 21.51% change over the past year, with a 52-week range between $104.74 and $138.03.

Demand for IDACORP's electricity is influenced by customer growth and economic development. The company has experienced sustained customer growth, with increases in residential and overall customer numbers, as well as industrial customer usage. IDACORP's 2025 Integrated Resource Plan projects significant growth in energy demand, driven by large energy-intensive projects. Specific seasonal patterns in demand for electricity are inherent to utility operations.

IDACORP, Inc. is a publicly traded holding company primarily engaged in the electric utility business through Idaho Power Company. Founded in 1915, IDACORP operates within the energy sector, specifically the regulated electric utility industry, focusing on the generation, transmission, distribution, purchase, and sale of electric energy. Idaho Power's energy mix relies on hydropower, natural gas, coal, and renewable sources. IDACORP also has other segments, including IDACORP Financial and Ida-West Energy.

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

IDACORP's brand reputation has been characterized by its commitment to safety, reliability, affordability, and clean energy goals. In 2024, IDACORP achieved its 17th consecutive year of earnings growth while maintaining electricity prices below the national average and reported its third-safest year on record. The company aims to provide 100% clean energy by 2045 and has integrated new solar and battery storage and converted coal units to natural gas. However, its reputation was affected by its first-ever public safety power shutoff event in July 2025.

Institutional investors hold a significant majority of IDACORP's stock, approximately 87.33% to 99.6%. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., and Wellington Management Group LLP. Individual insiders own a small percentage, less than 1% of the company's shares. The general public or retail investors hold approximately 12.42% to 21% of the shares. Recent insider trading activity has shown net selling by insiders.