
IDACORP (IDA) Stock Forecast & Price Target
IDACORP (IDA) Analyst Ratings
Bulls say
Idacorp Inc. has demonstrated a positive trajectory in customer base expansion, with a year-over-year growth rate of 2.6%, including a notable 2.9% increase among residential customers. The company's financial performance was bolstered by the advantages gained from the recent rate cases in Idaho and Oregon, along with benefits from the Idaho ADITC regulatory mechanism. Management's emphasis on strong economic development and robust demand within its service area further supports a favorable outlook for Idacorp's operations.
Bears say
Idacorp faces significant downside risks that are typical for electric utilities, including rate case risk, which could impact revenue stability. Additionally, a lower capital expenditure outlook may hinder growth and investment in infrastructure, leading to potential operational challenges. Finally, the risk of interest rate changes exceeding current projections poses a further threat to the financial performance of the utility operations segment.
This aggregate rating is based on analysts' research of IDACORP and is not a guaranteed prediction by Public.com or investment advice.
IDACORP (IDA) Analyst Forecast & Price Prediction
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