IDACORP (IDA): Assessing Valuation After Dividend Boost, Strong Q2 Earnings, and Infrastructure Expansion

IDACORP (IDA) just announced an increase to its quarterly dividend in addition to reporting solid second-quarter earnings, supported by stronger retail revenues and steady customer growth. The company’s ongoing infrastructure projects further highlight its financial stability.

See our latest analysis for IDACORP.

The momentum around IDACORP has been steadily building this year, with its share price climbing over 25% since January and a strong 34.9% total shareholder return for the past 12 months. Positive quarterly results alongside ongoing infrastructure investments seem to be resonating with investors who prize both stability and long-term growth potential.

If IDACORP’s reliable track record stands out, now could be a perfect time to broaden your perspective and discover fast growing stocks with high insider ownership

With such robust growth and a long-standing record of rewarding shareholders, the question now is whether IDACORP’s impressive run is leaving room for further upside or if the market has already factored in all that future promise.

Most Popular Narrative: 2.4% Overvalued

IDACORP's most-followed valuation narrative places its fair value just under the current share price, suggesting the recent gains may have pushed the stock ahead of consensus expectations. This setup raises the stakes for any surprises in future growth or regulatory developments.

Massive planned capital investments in transmission lines, energy storage, and generation assets, supported by a constructive regulatory environment and recent rate case filings, are set to expand IDACORP's rate base. This expansion may enhance regulated returns and support long-term earnings growth.

Read the complete narrative.

Want to know what could supercharge IDACORP’s growth beyond today’s price? Find out which aggressive financial targets and major investment bets underpin this calculation. The story driving these numbers may surprise you.

Result: Fair Value of $132.67 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, rising infrastructure costs and unpredictable weather patterns could quickly undermine these growth projections. This casts doubt on IDACORP’s impressive momentum.

Find out about the key risks to this IDACORP narrative.

Build Your Own IDACORP Narrative

If you think a different story is waiting in the numbers or want to dive into your own analysis, it only takes a few minutes to get started. So why not Do it your way?

A great starting point for your IDACORP research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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