IDACORP, Inc. research snapshot
IDA AI stock analysis currently reads IDACORP as a regulated electric utility holding company whose main asset is Idaho Power. Customer growth, approved rate changes, rising industrial demand, and a large infrastructure program support the earnings case, while debt, interest expense, regulatory decisions, weather, execution, and potential equity issuance limit certainty. At the July 12, 2026 data cutoff, the latest NYSE close was $150.64 and the price-times-shares market capitalization was about $8.35 billion using 55.408 million shares. This is informational research, not investment advice.
Current price
$150.64
Market cap
About $8.35 billion by price times shares
AI score
71 / 100
Rating
Regulated utility with strong load growth and visible rate-base expansion, balanced by leverage and equity needs
Trend status
Constructive above the 50-day and 200-day moving averages, with valuation and dilution risks to monitor
Data cutoff (updated weekly)
July 12, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | IDACORP owns Idaho Power, a regulated electric utility serving southern Idaho and eastern Oregon. Customers pay for reliable electricity, while regulators determine how approved costs and returns are recovered through rates. | High |
| Moat | The moat comes from an essential service territory, long-lived transmission and generation assets, permits, local operating knowledge, and regulatory relationships. It is durable but not free from political and regulatory risk. | Medium-high |
| Management | CEO Lisa Grow and the team are executing a multiyear reliability, generation, storage, and transmission program while seeking rate recovery and maintaining the dividend. The key test is financing growth without eroding per-share value. | Medium |
| Financial trend | FY2025 revenue was $1.812 billion and net income attributable to IDACORP was $323.5 million. Q1 2026 net income rose to $68.0 million, or $1.21 per diluted share, while capital spending remained heavy. | High |
| Valuation | At $150.64, the local audit calculated 25.11x TTM EPS, 2.29x book value, and a 2.34% dividend yield. The negative TTM free cash flow reflects the capital program, so earnings and rate-base growth matter more than a simple P/FCF reading. | Medium-high |
| Technical trend | The latest snapshot showed price above the 50-day average near $144.21 and the 200-day average near $137.26, with RSI near 57.79. Momentum was constructive, but the stock was close to recent highs and volume was below its 20-day average. | Medium |
| Risk level | Risk is medium-high for a utility because debt, interest rates, rate cases, wildfire and environmental obligations, weather, project execution, power costs, customer affordability, and new equity issuance can all affect returns. | High |
| AI confidence | The evidence base is strong for historical facts and arithmetic, but AI cannot reliably forecast commission decisions, long-term interest rates, weather, industrial load timing, or the next stock price. | High data confidence |
| Investment certainty | Certainty is below data quality because IDACORP must fund a large construction program and convert customer and load growth into approved, earned returns without excessive dilution. | Medium |
IDA AI stock forecast
The IDA AI stock forecast uses a three-year scenario model around the $150.64 cutoff price. Using TTM EPS of $6.00, annual EPS growth of 10%, 6%, and negative 3%, and terminal P/E multiples of 26x, 22x, and 16x, the financial-rigor tool produced $207.6, $157.2, and $87.6. These are model outputs, not price promises.
$195 to $220
More likely if customer and industrial load growth remains strong, rate recovery keeps pace with depreciation and interest costs, the battery and transmission program stays on schedule, financing remains available, and investors accept the higher capital base without a sharp multiple contraction.
$145 to $165
More likely if IDACORP delivers its $6.25 to $6.45 2026 EPS guidance, customer growth continues, capital spending remains within the $1.3 billion to $1.5 billion plan, rate cases are broadly constructive, and the valuation stays near the current utility range.
$80 to $100
More likely if regulators delay or reduce cost recovery, industrial load does not arrive, interest costs rise, major projects run over budget, weather or power costs hurt earnings, affordability pressure limits rate increases, or equity issuance materially dilutes existing holders.
IDA AI technical analysis
IDA AI technical analysis uses the July 10, 2026 closing price and a StockAnalysis technical snapshot checked around the data cutoff. Price was above the 50-day and 200-day moving averages, RSI was near 57.79, beta was about 0.48, and average 20-day volume was about 669,113 shares. This page is static and does not fetch live chart data, so confirm price, volume, and levels before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | About $150.64 | NYSE close on July 10, 2026. Macrotrends showed $150.65 because of a minor quote-feed rounding difference. |
| Near support | $149 to $150 | Recent July trading area and the July 10 session low. It is a monitoring zone, not a guaranteed floor. |
| Deeper support | $142 to $145 | Late June and June 23 price area. A move into this zone would require checking rate, financing, and load-growth news. |
| Major trend support | About $137.26 | Reported 200-day moving average in the technical snapshot. A sustained break would weaken the intermediate trend. |
| Near resistance | $154.90 to $155 | Recent July 2 high area. A breakout should be checked against volume and company-specific news. |
| 50-day moving average | About $144.21 | StockAnalysis snapshot around the cutoff. The level can change daily as new prices enter the calculation. |
| 200-day moving average | About $137.26 | StockAnalysis snapshot around the cutoff. Holding above it keeps the longer intermediate trend constructive. |
| Momentum | RSI about 57.79 | Moderately positive rather than overbought in the cited snapshot. RSI alone does not predict the next move. |
| Volume | About 669,113 shares average | StockAnalysis 20-day average volume. The July 10 session volume was about 278,717 shares, below that average. |
| Volatility | Lower than the market; beta about 0.48 | Utility characteristics can reduce market beta, but regulatory and financing events can still create large gap moves. |
| Invalidation | Sustained close below $137.26 | A confirmed break of the 200-day area should trigger a fresh review of rate recovery, load growth, financing, and project execution. |
IDA AI trading strategy
The IDA AI trading strategy is a rules-based research framework, not personalized advice. Pair it with live chart data, defined position size, an invalidation rule, current rate-case filings, and updated debt and equity plans.
Wait for IDA to hold above the $144.21 50-day average and then clear the $154.90 to $155 resistance area with improving volume. Check that the move is supported by earnings guidance, load data, and rate recovery rather than a broad utility-sector move alone.
A failed breakout followed by a close below the selected support area invalidates the setup. Do not widen the risk limit because regulated earnings sound stable.
If IDA pulls back toward $142 to $145, compare the price move with Treasury yields, utility peers, customer growth, rate-case developments, capital spending, and the May 2026 equity distribution agreement before treating the decline as mean reversion.
Do not average down only because the dividend yield rises. A rate-case setback, higher borrowing costs, or dilution can make a lower price rational for longer.
Track customer additions, retail sales and peak demand, approved rate base, earned ROE, O&M, depreciation, interest expense, cash from operations, capex, debt, equity issuance, battery projects, transmission construction, and the 2026 EPS guidance range.
Reduce confidence if capital spending moves above plan without clear rate recovery, if debt metrics deteriorate, if large-load customers are delayed, or if equity issuance grows faster than earnings per share.
Investment research summary
IDACORP converts an essential service territory, generation fleet, transmission network, distribution system, labor, and financing into reliable electricity and regulated earnings. Idaho Power serves southern Idaho and eastern Oregon across approximately 24,000 square miles. Customers pay utility rates approved by regulators, so the economic engine is rate base and allowed return multiplied by disciplined execution, not a conventional subscription model.
The moat is built from an exclusive service territory, difficult-to-replicate infrastructure, long-lived assets, operating permits, local workforce, hydro resources, and regulatory knowledge. Idaho Power also benefits from customer and load growth in its territory. The moat can narrow if regulators reject prudent cost recovery, affordability pressure limits rates, projects overrun, or reliability and environmental obligations become more expensive.
The thesis fails if IDACORP spends heavily but cannot earn an adequate return on new plant, if regulators delay recovery, or if demand forecasts overstate data center and industrial growth. Other failure paths include higher rates increasing interest expense, wildfire and environmental liabilities, poor hydrology, construction delays, supply chain inflation, customer affordability backlash, and equity issuance that transfers growth to new shareholders.
CEO Lisa Grow is managing a utility in an unusually capital-intensive phase. Management has used rate cases, tax credits, debt, operating cash flow, parent capital, and equity-market access to fund reliability and resource additions. The capital-allocation test is whether the battery, transmission, generation, and distribution investments become rate base and per-share earnings without excessive leverage or dilution.
Electricity demand is entering a long-duration investment cycle driven by industrial activity, data centers, electrification, storage, transmission constraints, and reliability needs. Idaho Power reported a 2025 integrated resource plan with five-year annual retail-sales growth of 8.3% and peak-demand growth of 5.1%, but the twenty-year outlook is slower. The opportunity is real, yet forecasts can change and new load must be financed and approved.
At $150.64, the local audit produced 25.11x TTM EPS, 2.29x book value, 2.34% dividend yield, and negative 9.74% FCF yield because capital spending exceeds operating cash flow. The three-year scenario model spans $87.6 to $207.6. Margin of safety therefore depends on durable rate-base growth, reasonable financing costs, and limited dilution rather than on current free cash flow alone.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Latest NYSE close | $150.64 on July 10, 2026 | StockAnalysis historical price and Macrotrends price history | July 12, 2026 |
| Shares outstanding | 55.408 million shares as of April 24, 2026 | SEC Q1 2026 Form 10-Q and StockAnalysis statistics | July 12, 2026 |
| Market capitalization audit | $8.3467 billion calculated from $150.64 x 55.408235 million shares; 0.00% variance against the $8.3467 billion reported input | Pineify financial_rigor.py and StockAnalysis statistics | July 12, 2026 |
| FY2025 revenue | $1.812 billion, cross-validated from IDACORP performance metrics at $1.8115 billion and StockAnalysis at $1.813 billion | IDACORP performance metrics and StockAnalysis financials | July 12, 2026 |
| FY2025 net income and EPS | $323.5 million attributable net income and $5.90 diluted EPS | IDACORP FY2025 results and StockAnalysis financials | July 12, 2026 |
| Q1 2026 results | $402.5 million operating revenue, $68.0 million attributable net income, and $1.21 diluted EPS | IDACORP Q1 2026 earnings release and SEC 10-Q | April 30, 2026 |
| Cash and debt | $337.8 million cash and $4.01 billion total debt at March 31, 2026; net cash was approximately negative $3.67 billion | SEC Q1 2026 Form 10-Q and StockAnalysis balance sheet | July 12, 2026 |
| TTM cash flow | $553.4 million operating cash flow, $1.37 billion capital expenditure, and negative $812.7 million standardized free cash flow | StockAnalysis TTM cash flow and SEC Q1 2026 cash-flow statement | July 12, 2026 |
| 2026 earnings and capital guidance | $6.25 to $6.45 diluted EPS, $525 million to $535 million O&M, and $1.3 billion to $1.5 billion capital expenditures | IDACORP Q1 2026 earnings release | April 30, 2026 |
| Load growth and resource plan | 2025 IRP five-year annual forecast of 8.3% retail-sales growth and 5.1% peak-demand growth; 250 MW of battery assets planned or contracted | IDACORP 2025 annual report and Q1 2026 Form 10-Q | July 12, 2026 |
| Equity issuance risk | May 2026 equity distribution agreement permits aggregate gross sales of up to $600 million, subject to the terms of the agreement | IDACORP May 15, 2026 SEC Form 8-K | July 12, 2026 |
| Technical snapshot | 50-day average $144.21, 200-day average $137.26, RSI 57.79, beta 0.48, and 20-day average volume about 669,113 shares | StockAnalysis statistics | July 12, 2026 |
| Financial-rigor verification | Market cap, shares, revenue, net income, cash, valuation ratios, and three-scenario values were calculated locally with exact decimal arithmetic | Pineify tools/financial_rigor.py local run | July 12, 2026 |
This IDA AI stock analysis page is an informational tool only. It is not investment advice, a solicitation, or a guarantee of returns. Forecast ranges are scenarios based on available public data as of July 12, 2026 and can be wrong if regulators, interest rates, weather, customer demand, project costs, financing, equity issuance, valuation multiples, or market conditions change.
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