IDACORP with ticker code (IDA) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 129 and 107 with the average target price sitting at 119.75. Given that the stocks previous close was at 107.46 this is indicating there is a potential upside of 11.4%. There is a 50 day moving average of 109.65 and the 200 day MA is 104.63. The company has a market cap of $5,535m. Visit the company website at: https://www.idacorpinc.com
The potential market cap would be $6,168m based on the market concensus.
IDACORP 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, Nevada, and Oregon. As of December 31, 2020, it had approximately 4,833 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 31 mixed-use transmission and distribution substations; 186 energized distribution substations; and 28,201 pole-miles of distribution lines, as well as provides electric utility services to approximately 587,000 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 investments. The company was founded in 1915 and is headquartered in Boise, Idaho.
