IDACORP (NYSE:IDA) Stock Gets Downgrade from Wall Street Zen

IDACORP (NYSE:IDA) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts also recently issued reports on IDA. BTIG Research set a $153.00 price target on shares of IDACORP in a report on Tuesday, October 20th. Barclays dropped their price target on IDACORP from $162.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Morgan Stanley raised their price objective on shares of IDACORP from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Wells Fargo & Company increased their price target on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

IDACORP Trading Up 0.1%

IDACORP stock opened at $145.59 on Friday. The company has a market cap of $8.57 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.51 and a beta of 0.47. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $135.46 and a two-hundred day simple moving average of $140.69. IDACORP has a 52-week low of $124.12 and a 52-week high of $154.91.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, October 29th. The energy company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.22. IDACORP had a return on equity of 9.92% and a net margin of 19.84%. The firm had revenue of $608.04 million during the quarter, compared to analyst estimates of $603.00 million. During the same quarter in the previous year, the business earned $2.26 earnings per share. Analysts predict that IDACORP will post 6.41 EPS for the current year.

Institutional Investors Weigh In On IDACORP

A number of large investors have recently modified their holdings of IDA. Arrien Investments Inc. lifted its stake in shares of IDACORP by 9.0% in the third quarter. Arrien Investments Inc. now owns 1,787 shares of the energy company’s stock worth $234,000 after buying an additional 148 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in IDACORP by 80.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,487 shares of the energy company’s stock valued at $491,000 after purchasing an additional 1,551 shares in the last quarter. Provenance Wealth Advisors LLC bought a new stake in IDACORP during the 3rd quarter valued at $357,000. Oregon Public Employees Retirement Fund raised its stake in IDACORP by 4.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,009 shares of the energy company’s stock valued at $1,570,000 after purchasing an additional 547 shares during the period. Finally, Summit Wealth Group LLC Co. boosted its holdings in shares of IDACORP by 5.5% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 2,525 shares of the energy company’s stock worth $330,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Trending Headlines about IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Third-quarter results exceeded expectations: IDACORP reported adjusted earnings of $2.73 per diluted share, up from $2.26 a year earlier and above the $2.51 analyst consensus. Revenue reached $608.0 million, also topping estimates of roughly $603.0 million. Net income rose to $160.2 million from $124.4 million. IDACORP Q3 earnings report
• Positive Sentiment: Full-year outlook was raised: Management increased 2026 EPS guidance to $6.40-$6.50 from $6.30-$6.45, modestly above the prior consensus estimate of $6.39. The upgrade reflects customer growth, higher Idaho Power base rates and stronger revenue from large contract customers. IDACORP revises 2026 earnings guidance
• Positive Sentiment: Long-term electricity demand expectations are favorable: IDACORP forecasts an 8.9% compound annual growth rate in retail sales load through 2032, supporting expectations for sustained customer and rate-base growth at Idaho Power. IDACORP long-term load growth outlook
• Neutral Sentiment: Regulatory and tax-credit items remain watch points: Idaho Power expects to use less than $10 million of additional tax credits under its Idaho regulatory mechanism in 2026. The earnings call focused on how rates, customer expansion and capital investment will affect future results. IDACORP Q3 earnings call transcript
• Negative Sentiment: Insider selling provides a minor counterpoint: Two executives sold 1,500 shares each during the past six months, with no reported insider purchases. These transactions are not necessarily related to the earnings outlook but could modestly temper sentiment. IDACORP insider trading and earnings report

IDACORP Company Profile

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.