IDACORP (NYSE:IDA – Get Free Report) had its price objective hoisted by equities researchers at Wells Fargo & Company from $154.00 to $155.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the energy company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.38% from the stock’s current price.
Other research analysts have also issued research reports about the company. Barclays boosted their target price on IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Mizuho set a $157.00 price target on IDACORP in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $156.00 price objective on shares of IDACORP in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded shares of IDACORP from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.29.
Get Our Latest Stock Report on IDACORP
IDACORP Trading Up 1.7%
IDACORP (NYSE:IDA – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. During the same period in the previous year, the firm earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, equities research analysts anticipate that IDACORP will post 6.39 earnings per share for the current fiscal year.
Insider Buying and Selling at IDACORP
In related news, VP James Bo D. Hanchey sold 1,500 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the sale, the vice president directly owned 2,138 shares of the company’s stock, valued at $301,351.10. This represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Torren Management LLC purchased a new stake in shares of IDACORP in the 4th quarter worth approximately $25,000. Western Wealth Management LLC bought a new position in IDACORP in the first quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after buying an additional 189 shares during the period. Summit Securities Group LLC bought a new stake in IDACORP during the 1st quarter valued at $37,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of IDACORP in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.
Key IDACORP News
Here are the key news stories impacting IDACORP this week:
- Positive Sentiment: IDACORP reported second-quarter 2026 net income of $102.6 million, or $1.79 per diluted share, up from $95.8 million, or $1.76 per share, a year earlier. EPS exceeded analyst estimates of approximately $1.75–$1.78. IDACORP Second Quarter 2026 Results
- Positive Sentiment: The company raised the lower end of its 2026 EPS guidance to $6.30–$6.45 from $6.25–$6.45, bringing the range closer to the analyst consensus of $6.39. Management cited customer growth, rate changes, revenue from large contract customers and the June commissioning of 250 megawatts of batteries as key contributors. IDACORP Raises 2026 Guidance
- Positive Sentiment: First-half net income increased to $170.6 million from $155.4 million in the prior-year period, indicating continued earnings momentum. IDACORP Q2 Earnings Outpace Estimates
- Neutral Sentiment: Quarterly revenue was $469.8 million, below the approximately $511.9 million analyst expectation, although revenue increased year over year. The guidance assumes normal weather and less than $15 million of additional tax credits, leaving some sensitivity to operating conditions and regulatory outcomes. IDACORP Q2 2026 Earnings Call Transcript
- Negative Sentiment: Recent insider activity showed four sales totaling roughly 5,300 shares and no purchases, a modest potential confidence signal for investors.
IDACORP Company Profile
IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.
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