IDACORP, Inc. which can be found using ticker (IDA) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 120 and 107 calculating the mean target price we have $114.00. Now with the previous closing price of $110.24 this indicates there is a potential upside of 3.4%. The 50 day moving average now sits at $107.32 and the 200 day MA is $106.46. The company has a market cap of $5,608m. Visit the company website at: https://www.idacorpinc.com
The potential market cap would be $5,800m based on the market consensus.
IDACORP, Inc., 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, Inc. was founded in 1915 and is headquartered in Boise, Idaho.
The company has a dividend yield of 2.87% with the ex dividend date set at 2-5-2023 (DMY).
Other points of data to note are a P/E ratio of 21.64, revenue per share of 32.45 and a 2.69% return on assets.
