Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
Idacorp Inc’s stock reached a new all-time high, hitting 125.77 USD. According to InvestingPro data, the company’s market capitalization now stands at $6.75 billion, with analysts setting price targets between $120 and $133. This milestone reflects a notable increase in the company’s market performance, with the stock appreciating by 29.34% over the past year. The company demonstrates remarkable stability with a beta of 0.56, indicating lower volatility than the broader market. This upward trend highlights investor confidence and the company’s robust financial health, supported by 55 consecutive years of dividend payments and a current dividend yield of 2.81%. The significant rise in Idacorp’s stock price over the last year underscores its strong market position and potential for future growth. InvestingPro subscribers can access 8 additional key insights about Idacorp’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, IDACORP Inc (NYSE:IDA). reported its first quarter 2025 earnings, which exceeded Wall Street’s expectations. The company achieved an earnings per share of $1.10, surpassing the anticipated $1.06. Additionally, IDACORP’s revenue for the quarter was $448.94 million, exceeding the forecasted $440.71 million. In another development, IDACORP announced a $450 million public offering of its common stock. This offering involves forward sale agreements with major financial institutions such as Morgan Stanley (NYSE:MS), J.P. Morgan, and Wells Fargo (NYSE:WFC) Securities. Moreover, IDACORP’s board of directors declared a quarterly common stock dividend of $0.86 per share, payable on September 2, 2025. These recent developments highlight IDACORP’s strategic financial maneuvers and robust earnings performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.