IDA

Utilities

IDACORP, Inc. · Regulated Electric · $8B

UQS Score — Balanced Preset
46.2
Below Average

IDACORP, Inc. scores 46.2/100 using the Balanced preset.

UQS vs Utilities Sector
IDA
46.2
Sector avg
43.5
Quality
Neutral
Moat
Neutral
Growth
Neutral
Risk
Weak
Valuation
Neutral

What is IDACORP, Inc.?

IDACORP, Inc. is a regulated electric utility headquartered in Boise, Idaho, serving customers across southern Idaho and eastern Oregon. The company has operated in the region for over a century, making it one of the longer-established utilities in the Pacific Northwest.

IDACORP generates, transmits, and distributes electricity to roughly 604,000 retail customers through its primary subsidiary, Idaho Power. The generation mix leans heavily on hydropower — with 17 hydroelectric plants — supplemented by natural gas and coal-fired facilities. Revenue flows from regulated utility rates approved by state and federal regulators, giving the business a relatively predictable, rate-based earnings structure. The company also holds a smaller portfolio of real estate tax credit investments.

IDACORP was founded in 1944 and is headquartered in Boise, Idaho.

  • Hydroelectric power generation across southern Idaho and eastern Oregon
  • High-voltage electricity transmission network spanning thousands of pole-miles
  • Retail electric distribution to residential, commercial, and industrial customers
  • Natural gas-fired peaking generation capacity
  • Real estate and housing tax credit investment portfolio

Is IDA a Good Stock to Buy?

UQS Score rates IDA as Below Average overall, reflecting a mixed fundamental picture for this regulated utility.

The Quality, Moat, and Growth pillars each land at a Neutral rating, consistent with a traditional regulated utility that benefits from a captive service territory and predictable rate-based revenues. The Valuation pillar is also Neutral, suggesting the market is pricing IDA roughly in line with its fundamentals.

The Risk pillar is the standout weakness, rated Weak — a meaningful drag on the overall score that investors in the utility sector should weigh carefully.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does IDA pay dividends?

Yes — IDACORP, Inc. pays a dividend.

IDACORP pays a regular dividend, consistent with the income-oriented tradition of regulated utilities. The company's stable, rate-regulated cash flows support ongoing dividend payments. Investors seeking utility income often look to IDA as a regional option, though the Risk pillar rating warrants attention alongside any income thesis.

When does IDA report earnings?

IDACORP reports earnings on a quarterly cadence, typical for US-listed equities.

As a regulated utility, IDACORP's quarterly results tend to reflect seasonal electricity demand patterns and the outcome of rate proceedings with state regulators. Hydropower availability — which varies with precipitation and snowpack — can also influence results from period to period.

For the most recent quarter's results, see IDACORP's investor relations page at idacorpinc.com.

IDA Price History

+70.1% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in IDACORP, Inc.?

$
Today it would be worth
$16,404
That's a +64.0% total return, or +10.4% annualized.

Based on IDACORP, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

IDA Long-term Outlook

With Growth and Quality both rated Neutral, IDACORP's fundamental trajectory looks steady rather than expansionary. The regulated utility model limits dramatic upside but also buffers against sharp revenue declines. The Weak Risk rating introduces uncertainty — whether from regulatory, environmental, or operational sources — that could weigh on the outlook if conditions deteriorate. Valuation at Neutral implies the market is not pricing in a significant re-rating in either direction.

Growth drivers

  • Customer growth in southern Idaho driven by regional population and economic expansion
  • Rate base investment in grid infrastructure and transmission upgrades
  • Potential regulatory approval for renewable energy additions to the generation mix

Key risks

  • Weak Risk pillar rating signals elevated exposure relative to utility sector peers
  • Hydropower generation variability tied to water availability and climate conditions
  • Regulatory lag between capital investment and approved rate recovery

IDA vs Peers

IDACORP operates in a regulated utility landscape alongside a range of North American peers with differing generation mixes and capital structures.

TA-PH.TOIDA scores higher
TransAlta Corp

TransAlta is a Canadian-based power generator with a broader mix of wind, hydro, and gas assets spanning multiple provinces and markets.

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CMSCSimilar UQS
CMS Energy Corporation (Junior Subordinated Notes)

Another CMS Energy subordinated note series, representing a different tranche within the same Michigan-based regulated utility holding company.

Frequently Asked Questions

What does IDACORP do?

IDACORP generates, transmits, and distributes electricity to customers across southern Idaho and eastern Oregon through its subsidiary Idaho Power. Its generation fleet is anchored by 17 hydropower plants, with natural gas and coal facilities rounding out capacity. The company also holds real estate tax credit investments.

Does IDA pay dividends?

Yes, IDACORP pays a regular dividend. This is consistent with the income-focused tradition of regulated utilities, which typically use stable, rate-based cash flows to support shareholder distributions. Investors should review the company's investor relations page for the current dividend rate and payment schedule.

When does IDA report earnings?

IDACORP reports on a quarterly cadence, as is standard for US-listed companies. Seasonal electricity demand and hydropower availability can influence results quarter to quarter. For the most current earnings dates, check IDACORP's investor relations page directly.

Is IDA a good stock to buy?

UQS Score rates IDA as Below Average overall. The Quality, Moat, Growth, and Valuation pillars are each Neutral, while the Risk pillar is rated Weak. Whether IDA fits a portfolio depends on an investor's income needs, risk tolerance, and view on the utility sector. The full pillar breakdown is available to UQS Pro members.

Is IDA overvalued?

The UQS Valuation pillar for IDA is rated Neutral, suggesting the stock is priced roughly in line with its fundamentals rather than at a clear premium or discount. Valuation for regulated utilities is often tied to rate base growth and the regulatory environment rather than earnings multiples alone.

How does IDA compare to its competitors?

IDACORP is a regional regulated utility with a strong hydropower base, differentiating it from peers with heavier fossil-fuel or wind-heavy generation mixes. Compared to larger multi-state utilities, IDACORP operates in a more concentrated geography, which can mean both lower diversification and deeper local market knowledge.

What is IDA's market cap bracket?

IDACORP is classified as a mid-cap company. This places it in the middle tier of publicly traded utilities — larger than small regional co-ops but well below the mega-cap integrated utilities that dominate national indices.

Who founded IDACORP?

IDACORP's roots trace back to the early twentieth century, with the corporate entity established in 1944 as a holding company for Idaho Power and related operations. Founding history is publicly available through IDACORP's official corporate history resources.

Is IDA a long-term quality stock?

As a long-term quality indicator, IDA's UQS Score of Below Average reflects a profile that is neither clearly strong nor clearly distressed. The Neutral readings across Quality, Moat, and Growth suggest stability without standout competitive advantages, while the Weak Risk pillar is a factor long-term investors should monitor closely.

What is the main competitive advantage of IDACORP?

IDACORP's primary competitive advantage is its regulated monopoly status within a defined service territory. Customers in southern Idaho and eastern Oregon have no alternative provider, creating a captive revenue base. The company's hydropower-heavy generation mix also provides a relatively low-cost and low-emission energy source compared to fossil-fuel-dependent peers.

What sector does IDA belong to?

IDACORP belongs to the Utilities sector, specifically the regulated electric utility sub-industry. Utilities are generally considered defensive investments, characterized by stable demand, regulated pricing, and dividend income — though individual company risk profiles can vary significantly, as reflected in IDA's Weak Risk pillar.

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Pro Analysis

IDA — Score History

40455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 19 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 19, 202646.343.050.057.220.456.7+0.3
May 10, 202646.029.250.057.039.259.40.0
May 8, 202646.029.250.057.039.259.7-0.3
May 7, 202646.343.050.057.020.756.8+0.2
May 4, 202646.143.050.057.020.756.00.0
May 3, 202646.143.050.056.820.756.0-0.1
May 1, 202646.243.050.056.820.756.20.0
Apr 27, 202646.243.050.057.120.756.3+0.1
Apr 26, 202646.143.050.056.920.756.20.0
Apr 25, 202646.143.050.056.920.756.10.0

IDA — Pillar Breakdown

Quality

43.0/100 (25%)

IDACORP, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

57.2/100 (20%)

IDACORP, Inc. demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

20.4/100 (15%)

IDACORP, Inc. presents elevated risk with concerns around leverage or financial stability.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

56.2/100 (15%)

IDACORP, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorModerate

Enterprise value multiple relative to sector median.

Moat

50/100 (25%)

IDACORP, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for IDA.

Score Composition

Quality
43.0×25%10.8
Growth
57.2×20%11.4
Risk
20.4×15%3.1
Valuation
56.2×15%8.4
Moat
50.0×25%12.5
Total
46.2Below Average

Financial Data

More Stock Analysis

How is the IDA UQS Score Calculated?

The UQS (Unified Quality Score) for IDACORP, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses IDACORP, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether IDACORP, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.