IDACORP (NYSE:IDA) Downgraded by Wall Street Zen to Strong Sell

Key Points

• Wall Street Zen downgraded IDACORP from "sell" to "strong sell" in a research note issued Monday.
• IDACORP reported Q1 EPS of $1.21 (beat $1.12 consensus) but missed revenue ($403.4M vs. ~$437.5M); the company reaffirmed FY2026 guidance of $6.25–$6.45 EPS while trimming its hydropower generation outlook.
• Analyst sentiment is mixed—six Buy, one Hold and one Sell—resulting in a consensus "Moderate Buy" and an average target price of $148.86, with shares trading near $146.60 (1‑year high $149.73).

IDACORP (NYSE:IDA - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued to clients and investors on Monday.

A number of other research analysts have also issued reports on IDA. Weiss Ratings reiterated a "buy (b)" rating on shares of IDACORP in a research report on Thursday, January 22nd. 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. Mizuho set a $157.00 target price on IDACORP in a research report on Friday. Morgan Stanley reiterated an "overweight" rating and set a $157.00 target price on shares of IDACORP in a research report on Monday, April 27th. Finally, UBS Group increased their price objective on IDACORP from $134.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $148.86.

IDACORP Trading Down 0.3%

Shares of NYSE:IDA opened at $146.60 on Monday. IDACORP has a 1 year low of $108.15 and a 1 year high of $149.73. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95. The business's 50 day moving average price is $143.36 and its 200-day moving average price is $135.43.

IDACORP (NYSE:IDA - Get Free Report) last announced its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.The firm had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. During the same quarter last year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, equities research analysts forecast that IDACORP will post 6.39 earnings per share for the current fiscal year.

Insider Activity

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the sale, the vice president directly owned 2,313 shares of the company's stock, valued at $330,273.27. This trade represents a 30.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

Institutional Trading of IDACORP

Hedge funds and other institutional investors have recently modified their holdings of the stock. Torren Management LLC acquired a new stake in shares of IDACORP in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock worth $29,000 after acquiring an additional 189 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of IDACORP in the 3rd quarter worth $30,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of IDACORP in the 3rd quarter worth $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of IDACORP in the 4th quarter worth $35,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Q1 EPS beat and net income rise: IDACORP reported $1.21 EPS vs. $1.12 consensus and net income of $68.0M (up from $59.6M a year ago); management cited customer growth and recent rate changes as drivers. Business Wire Release
• Positive Sentiment: Company reaffirmed FY2026 EPS guidance of $6.25–$6.45, near consensus, which limits downside risk from the beat and supports dividend/utility stability narratives. TipRanks Summary
• Neutral Sentiment: Investor call/transcript provides additional color on operations, capital plans and regulatory posture — useful for modeling but no immediate surprises flagged. Earnings Call Transcript
• Negative Sentiment: Revenue miss and y/y decline: Q1 revenue was $403.4M vs. ~$437.5M expected, a negative top‑line surprise that suggests weaker commodity/other revenue or timing effects. Zacks Earnings Coverage
• Negative Sentiment: Trimmed hydropower outlook: management lowered expected 2026 hydropower generation to 5.5M–7.0M MWh, which can reduce low‑cost generation and push more expensive supply or higher purchased power costs later in the year. MSN / Article on Hydropower Outlook

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.

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