IDACORP, Inc. (NYSE:IDA) stands out in the utility sector due to its stable financial profile, long-term growth outlook, and commitment to clean energy development. The company benefits from operating in Idaho, a state experiencing rapid population and economic expansion, which is driving increased demand for reliable electricity services. With a regulated monopoly structure, IDACORP enjoys predictable revenue streams and strong pricing power, supporting consistent earnings growth over time.
The firm has outlined a $4 billion capital expenditure plan aimed at modernizing infrastructure, enhancing grid resilience, and expanding renewable energy capacity. This investment strategy aligns with broader environmental goals and positions the company well for future regulatory and technological shifts. Despite recent share dilution and short-term underperformance relative to peers, the stock remains attractively valued based on discounted cash flow analysis.
Currently offering a dividend yield of approximately 3%, with projections suggesting an increase to 3.1% in the coming years, IDACORP provides income-oriented investors with a dependable return. The stock’s low beta indicates lower volatility compared to the broader market, making it a suitable holding for risk-averse portfolios seeking steady appreciation.
Analyst projections suggest a 12% upside from current levels, with a target price of $139.50. This outlook is supported by robust fundamentals, including solid cash flow generation, a favorable regional economic environment, and strategic investments in sustainable energy solutions. Given these factors, IDACORP is rated as a strong buy for investors with a 1- to 3-year horizon.
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IDACORP stock: Powering Idaho’s Unprecedented Economic Expansion (NYSE:IDA)
Sep. 07, 2025 2:49 AM ETIDACORP, Inc. (IDA) StockIDA
Lucas Martins
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Summary
IDACORP offers low beta, strong long-term growth, and a 3% dividend yield, making it a standout in the energy sector.
Idaho’s economic and population growth, plus IDACORP’s monopoly position and $4B capex plan, drive future earnings potential.
Despite recent underperformance and share dilution, valuation remains attractive with a 12% upside and projected 3.1% dividend yield.
I rate IDACORP a strong buy with a $139.50 target, citing clean energy leadership and robust long-term fundamentals.
A low beta with high-growth potential, offering a 3% dividend yield. A favorite within the energy sector, where, in my opinion, although it will not have a large appreciation in the short term (given the recent rally), it is eminent in the long term. With a current target price
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I am a financial analyst working at a large Latin American bank. My background is in accounting, and I have developed my approach to equity research through a mix of Mark Meldrum’s Applied CFA Level content, CFA studies, and books on valuation and corporate finance. I completed CFA Level 1 and have a solid base in portfolio management, derivatives, and technical analysis, so while my main focus is fundamental analysis, I also consider other perspectives where relevant. On Seeking Alpha, I intend to deliver high-level financial analyses, with a consistent focus on discounted cash flow models, multiples, and dividends, always combined with a broader review of the business environment, market narrative, momentum, and macro conditions. My investment research is mostly bottom-up, and my coverage spans the utilities, consumer discretionary, consumer staples, REITs, and materials sectors. I focus mainly on equities across the Americas (North America and Latin America), though I will eventually deviate from that premise if I find compelling cases.I will primarily focus on stocks with a mid-term return perspective (1 ~~ 3 years). My goal is to offer data-driven analysis to help SA readers make informed decisions.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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