(IDA) IDACORP - Ratings and Ratios

IDACORP Inc is a leading electric utility company in the United States, operating primarily in southern Idaho and eastern Oregon. The company has a diverse generation portfolio consisting of 17 hydropower plants, three natural gas-fired plants, and interests in coal-fired and natural gas-fired steam generating plants. With a robust transmission and distribution infrastructure, IDACORP serves approximately 649,000 retail customers across various sectors, including commercial, industrial, and residential.

From a operational perspective, IDACORPs generation capacity and transmission infrastructure are key performance indicators. The company has a total capacity of 908 MWh of battery storage, which is a relatively modest amount compared to its overall generation capacity. However, this is expected to grow as the company continues to invest in renewable energy and grid modernization. The companys transmission infrastructure, comprising 4,755 pole miles of high-voltage transmission lines and 21 transmission substations, is a critical component of its operations, enabling the efficient transmission of electricity to its customers.

To evaluate IDACORPs financial performance, key metrics such as revenue growth, operating margins, and return on equity (RoE) are essential. With a RoE of 9.15%, the company is generating returns that are slightly above the industry average. Additionally, the companys dividend yield and payout ratio are important indicators of its ability to return value to shareholders. IDACORPs investment in housing and other real estate tax credit investments also contributes to its overall financial performance.

From a valuation perspective, IDACORPs price-to-earnings (P/E) ratio of 20.77 and forward P/E ratio of 19.96 suggest that the stock is fairly valued relative to its earnings growth prospects. The companys market capitalization of $6.35 billion is a reflection of its size and market presence. To further assess the stocks potential, analyzing its support and resistance levels, such as the current support levels at $116.0, $111.5, and $108.9, can provide insights into its price dynamics.