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IDACORP, Inc. - IDA STOCK NEWS

Welcome to our dedicated page for IDACORP news (Ticker: IDA), a resource for investors and traders seeking the latest updates and insights on IDACORP stock.

IDACORP, Inc. (symbol: IDA) is a prominent holding company that plays a significant role in the electric utility sector. Through its subsidiaries, IDACORP is actively engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. The company operates a diverse portfolio of power plants, including hydroelectric, coal-fired, gas-fired, and diesel-fired facilities, predominantly located across the Northwestern United States.

IDACORP's hydroelectric and coal-fired plants are particularly notable, as they account for the majority of the company's total energy production. The company's revenue is primarily derived from the sale of electricity to a broad customer base, including residential, commercial, and industrial consumers. Most of IDACORP’s customers are residential consumers residing in the Northwestern United States. However, commercial and industrial consumers also contribute significantly to its revenue streams.

In recent years, IDACORP has achieved several milestones and continues to focus on sustainable energy practices and innovations. The company's ongoing projects aim to enhance the efficiency and reliability of its power generation and distribution networks. IDACORP is also actively involved in strategic partnerships and initiatives to further its commitment to providing clean and reliable energy solutions.

The financial condition of IDACORP remains robust, supported by steady revenue from its diverse customer base and strategic investments in infrastructure and technology. As the energy landscape continues to evolve, IDACORP is well-positioned to leverage its extensive experience and resources to meet the growing demand for clean and efficient energy.

For the latest updates and developments related to IDACORP, Inc. and its stock performance, stay tuned to StockTitan and keep an eye on recent news and events.

News

Prevalon Energy Secures Contract with Idaho Power for New Integrated Battery Energy Storage System (BESS)

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Prevalon Energy , a Mitsubishi Power Americas company, has secured a contract with Idaho Power for a Battery Energy Storage System (BESS) project, enhancing grid resiliency. The project, with up to 328 MWh capacity, aligns with Idaho Power's clean energy goals and will support the integration of wind and solar energy. Prevalon's comprehensive BESS solution includes maintenance and monitoring services, showcasing the company's expertise in energy storage solutions.
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IDACORP, Inc. Announces Fourth Quarter and Year-End 2023 Results, Initiates 2024 Earnings Guidance

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IDACORP, Inc. (IDA) reported fourth-quarter 2023 net income of $31.3 million, a decrease from the previous year. Full-year 2023 net income was $261.2 million, showing a slight increase from 2022. The company attributes the growth to customer expansion and operational efficiency. IDACORP initiated its 2024 earnings guidance, expecting $5.25 to $5.45 per diluted share.
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IDACORP Schedules Fourth Quarter 2023 Earnings Release & Conference Call

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IDACORP, Inc. (NYSE:IDA) will report its fourth quarter results on February 15, 2023, followed by an analyst conference call to discuss the earnings. The company, formed in 1998, is a holding company comprised of Idaho Power Company, IDACORP Financial, and Ida-West Energy, serving a 24,000 square-mile area in southern Idaho and eastern Oregon. Idaho Power aims for 100% clean energy by 2045 and provides affordable electricity prices to over 630,000 customers.
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IDACORP, Inc. Declares Dividend

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IDACORP, Inc. (NYSE:IDA) has declared a common stock dividend of $0.83 per share, payable on February 28, 2024, to holders of record on February 5, 2024.
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IDACORP and Idaho Power Announce New Vice President

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IDACORP, Inc. (NYSE:IDA) announced the appointment of Amy Shaw as Vice President of Finance, Compliance, and Risk. Shaw brings 20 years of experience with Idaho Power, holding various leadership positions. IDACORP, the holding company of Idaho Power, aims to provide 100% clean energy by 2045 and has a strong focus on affordable prices and reliable service.
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IDACORP, Inc. Prices Public Offering of 2,801,724 Shares of Common Stock

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IDACORP, Inc. (NYSE: IDA) announces a public offering of 2,801,724 shares of common stock at a price of $92.80 per share, with an option for underwriters to purchase an additional 420,258 shares. Wells Fargo Securities and Morgan Stanley are joint lead bookrunners with BofA Securities and Mizuho acting as bookrunners. The offering is expected to close soon.
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IDACORP, Inc. Announces Public Offering of $260 Million of Shares of Common Stock

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IDACORP, Inc. (NYSE: IDA) commences $260 million public offering of common stock, with an option for underwriters to purchase an additional $39 million. Forward sale agreement with Morgan Stanley expected to be settled within 12 months. The offering is made pursuant to an effective shelf registration statement filed with the SEC.
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IDACORP, Inc. Announces Third Quarter 2023 Results, Increases Bottom-End 2023 Earnings Guidance

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IDACORP, Inc. (NYSE: IDA) reported a net income of $105.3 million for Q3 2023, compared to $106.4 million in Q3 2022. The company raised its full-year 2023 earnings guidance to a range of $5.05 to $5.15 per diluted share. IDACORP attributed the decrease in net income to lower net income at Idaho Power, resulting from weather-related reductions in usage per customer. However, customer growth and productive regulatory outcomes benefited the company's results. IDACORP also reached a settlement in its Idaho general rate case, pending approval from the Idaho Public Utilities Commission.
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IDACORP, Inc. Declares Dividend

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IDACORP, Inc. declares a common stock dividend of $0.83 per share
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IDACORP Schedules Third Quarter 2023 Earnings Release & Conference Call

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IDACORP, Inc. to report third quarter results on November 2nd
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FAQ

What is the current stock price of IDACORP (IDA)?

The current stock price of IDACORP (IDA) is $108.78 as of December 20, 2024.

What is the market cap of IDACORP (IDA)?

The market cap of IDACORP (IDA) is approximately 5.8B.

What is IDACORP, Inc.?

IDACORP, Inc. is a holding company engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity.

Where does IDACORP operate?

IDACORP operates primarily in the Northwestern United States, with a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants.

What type of power plants does IDACORP own?

IDACORP owns hydroelectric, coal-fired, gas-fired, and diesel-fired power plants.

Who are IDACORP's main customers?

IDACORP's main customers are residential consumers in the Northwestern United States, as well as commercial and industrial consumers.

What recent achievements has IDACORP accomplished?

IDACORP has focused on sustainable energy practices, efficiency improvements, and strategic partnerships to enhance its power generation and distribution networks.

How does IDACORP generate revenue?

IDACORP generates revenue primarily from the sale of electricity to retail and wholesale customers.

What is the significance of IDACORP's hydroelectric and coal-fired plants?

IDACORP's hydroelectric and coal-fired plants are significant as they account for the majority of the company's total energy production.

How is IDACORP's financial condition?

IDACORP has a robust financial condition, supported by steady revenue from a diverse customer base and strategic investments.

What is IDACORP’s approach to sustainability?

IDACORP is committed to sustainable energy practices and continually invests in projects that enhance efficiency and reliability.

How can I stay updated on IDACORP's latest news?

You can stay updated on IDACORP's latest news by following StockTitan for recent updates and events related to the company.

Stock IDA logo
IDACORP, Inc.

NYSE:IDA

IDA Rankings

#1174 Ranked by Market Cap
#1023 Ranked by Dividends

IDA Stock Data

5.80B
53.04M
0.45%
85.9%
2.08%
Utilities - Regulated Electric
Electric Services
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United States of America
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