IDACORP with ticker code (IDA) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 120 and 108 calculating the average target price we see 115. Given that the stocks previous close was at 103.4 this indicates there is a potential upside of 11.2%. The 50 day MA is 105.73 while the 200 day moving average is 105.94. The company has a market cap of $5,126m. Company Website: https://www.idacorpinc.com
The potential market cap would be $5,701m based on the market concensus.
IDACORP, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2022, it had approximately 4,832 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 11 switching stations; 30 mixed-use transmission and distribution substations; 189 energized distribution substations; and 29,384 pole-miles of distribution lines, as well as provides electric utility services to approximately 618,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP was founded in 1915 and is headquartered in Boise, Idaho.
