IDACORP with ticker code (IDA) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 126 and 113 and has a mean target at 118.2. Now with the previous closing price of 103.62 this now indicates there is a potential upside of 14.1%. The day 50 moving average is 109.68 and the 200 moving average now moves to 108.66. The company has a market capitalisation of $4,968m. Company Website: https://www.idacorpinc.com
The potential market cap would be $5,667m 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, 2021, it had approximately 4,843 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 10 switching stations; 30 mixed-use transmission and distribution substations; 187 energized distribution substations; and 28,570 pole-miles of distribution lines, as well as provides electric utility services to approximately 604,000 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.
