IDACORP (NYSE:IDA) Downgraded to “Sell” Rating by Wall Street Zen

IDACORP (NYSE:IDA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other analysts have also issued reports on the stock. BTIG Research reiterated a “buy” rating and issued a $156.00 target price on shares of IDACORP in a research report on Friday, January 30th. UBS Group raised their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley set a $155.00 price objective on IDACORP in a research note on Friday. Jefferies Financial Group decreased their target price on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, Barclays assumed coverage on IDACORP in a research report on Wednesday, January 14th. They set an “overweight” rating and a $144.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, IDACORP presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.67.

IDACORP Stock Performance

NYSE IDA opened at $139.86 on Friday. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.72 and a beta of 0.59. The stock has a 50-day moving average of $132.08 and a 200 day moving average of $129.95. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. IDACORP has a twelve month low of $108.15 and a twelve month high of $145.94.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $405.24 million during the quarter, compared to analysts’ expectations of $533.06 million. IDACORP had a return on equity of 9.47% and a net margin of 17.84%.During the same period in the previous year, the business earned $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts anticipate that IDACORP will post 5.81 EPS for the current fiscal year.

Institutional Trading of IDACORP

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of IDACORP by 79.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after acquiring an additional 2,625 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in IDACORP by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock valued at $39,805,000 after purchasing an additional 21,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in IDACORP by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock valued at $16,698,000 after purchasing an additional 10,855 shares during the last quarter. AlphaQuest LLC grew its stake in shares of IDACORP by 46.3% in the 2nd quarter. AlphaQuest LLC now owns 3,272 shares of the energy company’s stock valued at $378,000 after buying an additional 1,035 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of IDACORP by 0.8% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 17,854 shares of the energy company’s stock worth $2,061,000 after buying an additional 144 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

More IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Q4 earnings beat and raised near‑term outlook: IDACORP reported $0.78 EPS for Q4, topping the consensus of $0.74, and reiterated stronger full‑year performance. The beat — plus management’s FY‑2026 EPS guidance of $6.25–$6.45 — supports the stock’s move higher. Read More.
• Positive Sentiment: Multi‑year capex and EPS growth target: Management outlined a multi‑year plan (~$7B) and set an ~8% EPS growth target while advancing major projects — signaling commitment to regulated utility investments that should drive rate base growth over time. Read More.
• Positive Sentiment: Dividend investor appeal: Recent coverage highlights IDA as an attractive dividend stock, reinforcing interest from income‑focused investors given its payout history and regulated utility profile. Read More.
• Neutral Sentiment: Management materials available: The company posted its earnings slide deck and earnings‑call presentation (useful for modelers and analysts reviewing capex phasing, project timelines and rate case assumptions). Read More.
• Neutral Sentiment: Earnings call transcript for detail: The full earnings‑call transcript provides color on cost drivers, customer growth and capital spending priorities — valuable for assessing execution risk. Read More.
• Negative Sentiment: Revenue came in below some estimates: Q4 revenue of ~$405M was materially under a cited consensus (~$533M), which could reflect timing of recoverable costs or other one‑time items; investors should watch cash flow and regulatory recovery mechanics. Read More.
• Negative Sentiment: Analyst valuation split and capex execution risk: Coverage notes an analyst valuation split and highlights that higher capex increases execution and financing risk (debt ratios, rate cases). Monitor guidance updates, leverage metrics and returns on major projects. Read More.

About IDACORP

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.