IDACORP (NYSE:IDA) Rating Increased to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded IDACORP from a "strong sell" to a "sell" rating in a report issued Sunday.
• Analyst opinions remain mixed — seven Buys, one Hold and one Sell — giving an average rating of "Moderate Buy" and an average target price of $145.00.
• IDACORP beat quarterly EPS estimates ($0.78 vs. $0.74) but missed revenue ($405.24M vs. $533.06M) and set FY2026 guidance of 6.250–6.450 EPS, versus analysts' consensus of 6.39 EPS.

IDACORP (NYSE:IDA - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report issued on Sunday.

A number of other research firms also recently weighed in on IDA. Jefferies Financial Group cut their price target on IDACORP from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, January 28th. Morgan Stanley cut their price target on IDACORP from $160.00 to $158.00 and set an "overweight" rating for the company in a research note on Tuesday. Wells Fargo & Company reaffirmed an "underweight" rating and set a $121.00 price target on shares of IDACORP in a research note on Tuesday. Mizuho raised their price target on IDACORP from $141.00 to $148.00 and gave the stock an "outperform" rating in a research note on Friday, February 20th. Finally, UBS Group raised their price target on IDACORP from $134.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $145.00.

IDACORP Stock Performance

IDA stock opened at $145.95 on Friday. IDACORP has a 12-month low of $108.15 and a 12-month high of $149.73. The firm has a market cap of $8.02 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.97 and a beta of 0.54. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The stock's 50 day simple moving average is $143.04 and its 200 day simple moving average is $135.11.

IDACORP (NYSE:IDA - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The company had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. During the same period last year, the business earned $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities research analysts predict that IDACORP will post 6.39 EPS for the current year.

Insider Buying and Selling at IDACORP

In other news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction that occurred 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 approximately $330,273.27. This represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Institutional Trading of IDACORP

Institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in IDACORP by 31.8% in the 3rd quarter. Alps Advisors Inc. now owns 29,178 shares of the energy company's stock valued at $3,856,000 after buying an additional 7,036 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in IDACORP in the 3rd quarter valued at $21,486,000. SG Americas Securities LLC boosted its stake in IDACORP by 418.2% in the 3rd quarter. SG Americas Securities LLC now owns 37,846 shares of the energy company's stock valued at $5,001,000 after buying an additional 30,543 shares in the last quarter. Phocas Financial Corp. acquired a new stake in IDACORP in the 4th quarter valued at $7,171,000. Finally, HighTower Advisors LLC boosted its stake in IDACORP by 122.2% in the 3rd quarter. HighTower Advisors LLC now owns 30,367 shares of the energy company's stock valued at $4,013,000 after buying an additional 16,699 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

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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