IDACORP, Inc. (NYSE: IDA) Overview: Stability and Growth Prospects

Core Insights - IDACORP, Inc. is a significant utility company based in Boise, Idaho, serving approximately 604,000 retail customers in southern Idaho and eastern Oregon, with a diversified portfolio of power generation assets including hydropower, natural gas, and coal-fired plants [1] - Analyst David Arcaro from Morgan Stanley has set a price target of $139 for IDACORP, reflecting positive sentiment towards the company's stock, supported by its consistent performance and strategic market positioning [2] - IDACORP is raising its earnings per share outlook for 2025, driven by customer growth and rate increases, indicating a robust growth trajectory [3] Financial Performance - The consensus price target for IDACORP has increased from $139.06 to $140.00 over the past year, indicating a stable yet positive outlook from analysts [4] - IDACORP's recent earnings report showed earnings of $2.26 per share, surpassing the Zacks Consensus Estimate of $2.23 per share, reflecting steady performance [4] - IDACORP has been upgraded to a Zacks Rank 2 (Buy), with an improved earnings per share outlook for 2025, suggesting confidence in its future growth and financial health [4]