(IDA) IDACORP - Ratings and Ratios

IDACORP, Inc. operates as a regulated utility company primarily engaged in the generation, transmission, and distribution of electric energy. The companys power generation portfolio includes 17 hydropower plants located in southern Idaho and eastern Oregon, providing renewable energy sources. Additionally, IDACORP operates three natural gas-fired plants in southern Idaho, offering flexibility in power generation. The company also holds interests in a coal-fired and natural gas-fired steam plant in Wyoming and a coal-fired plant in Nevada, diversifying its energy mix. As of December 31, 2024, IDACORPs infrastructure comprises approximately 4,755 pole miles of high-voltage transmission lines, 23 step-up transmission substations, 21 transmission substations, 12 switching stations, 30 mixed-use substations, 187 energized distribution substations, and about 29,660 linear miles of distribution lines. The company also maintains a battery storage capacity of 908 MWh, enhancing grid stability and supporting renewable energy integration.

IDACORP serves around 649,000 retail customers in southern Idaho and eastern Oregon, catering to a diverse range of sectors including commercial and industrial clients in food processing, electronics manufacturing, agriculture, healthcare, government, education, and information technology. This customer base underscores the companys role as a critical infrastructure provider in its service area. Beyond its core utility operations, IDACORP invests in housing and other real estate tax credit projects, contributing to community development. Founded in 1915, IDACORP is headquartered in Boise, Idaho, and operates with a focus on reliability, safety, and customer service. The companys website provides detailed information on its operations, financials, and sustainability initiatives.

Based on the provided data, IDACORPs stock (NYSE:IDA) is currently trading at $117.46, with a 20-day moving average of $116.71 and a 200-day moving average of $107.39. The stock is trading above its 200-day moving average, indicating a bullish trend. The average true range (ATR) of 2.76 suggests moderate volatility. Over the next three months, IDACORPs stock price is expected to remain stable, with potential upside driven by its consistent dividend yield and the utility sectors defensive characteristics.

From a fundamental perspective, IDACORPs market capitalization of $6.54 billion reflects its established position in the electric utilities sector. The price-to-earnings (P/E) ratio of 21.46 is slightly above the industry average, while the forward P/E of 19.80 indicates expectations of earnings growth. The price-to-book (P/B) ratio of 1.89 suggests that the stock is fairly valued relative to its book value. The return on equity (RoE) of 8.68% is in line with industry peers, reflecting efficient use of shareholder capital. Overall, IDACORPs valuation metrics suggest a stable, albeit not spectacular, investment proposition.