Idacorp: An Underfollowed Utility Worth Buying Now [Seeking Alpha]
IDACORP, Inc. (IDA)
Last idacorp, inc. earnings: 8/1 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
idacorpinc.com/investor-relations
Company Research
Source: Seeking Alpha
IDACORP operates in a service area with a steadily growing economy. The electric utility's debt is rated BBB by S&P on a stable outlook. IDA could be 17% undervalued from the current share price. The electric utility could be positioned to deliver appealing total returns over the next 10 years. As an investor, I have learned over the years to never underestimate the impact that demographics can have on a company's fundamentals. This is especially true within the utility sector. Why do I believe this to be so? Utilities operate with a virtual monopoly within the service areas they occupy. If these service areas are economically thriving, businesses and more people tend to move to them. This will naturally grow the customer base that a utility can serve over time. Provided that the regulatory environment is reasonable (they often are in areas that are economically growing), that will push a utility's revenue and earnings up over time. As a dividend investor, the thought is
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IDA
News
- IDACORP, Inc. (NYSE: IDA) had its price target raised by analysts at Wells Fargo & Company from $94.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
- IDACORP (IDA) Q1 Earnings Fall Short of Estimates, Revenues Top [Yahoo! Finance]Yahoo! Finance
- IDACORP First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- IdaCorp (IDA) Q1 Earnings Miss Estimates [Yahoo! Finance]Yahoo! Finance
- IDACORP GAAP EPS of $0.95 misses by $0.19; reaffirms FY24 outlook [Seeking Alpha]Seeking Alpha
IDA
Earnings
- 5/2/24 - Miss
IDA
Sec Filings
- 4/2/24 - Form DEFA14A
- 3/5/24 - Form ARS
- 3/4/24 - Form 4
- IDA's page on the SEC website