Idacorp, Inc (IDA) Stock AnalysisIDAIdacorp, Inc

IDACORP, Inc. is a holding company. The Company operates through its subsidiary, Idaho Power Company (Idaho Power). Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity and is regulated by the state regulatory commissions of Idaho and Oregon and by the Federal Energy Regulatory Commission (FERC). Idaho Power provides electric utility service to approximately 664,000 retail customers in southern Idaho and eastern Oregon. Its customers are in food processing, electronics and general manufacturing, agriculture, health care, government, education, and information technology. Idaho Power provides irrigation customers with electric utility service to operate irrigation pumps during the agricultural growing season. Its other subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate tax credit investments, and others. It operates in the Utilities sector (ELECTRIC SERVICES industry).

Idacorp Inc is a good buy right now due to its current price of $135.42 being below the analyst price target range of $149 to $162. Additionally, the stock's RSI is at 72.973, indicating strong momentum, although it is approaching overbought territory. The main risk is the forward P/E ratio of 18.6567, which suggests that the stock may be overvalued if earnings do not meet expectations.

3 analysts cover IDA: 0 rate it Buy, 3 Hold and 0 Sell. The average price target is 142.17.