Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
Idacorp Inc. stock has reached a significant milestone, hitting an all-time high of 128.55 USD. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with analysts setting price targets between $127 and $140. This marks a notable achievement for the company, reflecting strong market performance and investor confidence. The stock has delivered an impressive 28.26% return over the past year, with a 19.54% gain year-to-date. Adding to investor appeal, the company has maintained dividend payments for 55 consecutive years and raised them for 13 straight years, demonstrating remarkable financial stability. This upward momentum is indicative of positive investor sentiment and the company’s strategic positioning in the market. The new all-time high is a testament to Idacorp’s resilience and potential for future growth. For deeper insights into Idacorp’s valuation metrics and 8 additional exclusive ProTips, visit InvestingPro.
In other recent news, IDACORP Inc. reported earnings for the second quarter of 2025 that exceeded analysts’ expectations. The company announced earnings per share of $1.76, surpassing the anticipated $1.73. Additionally, IDACORP’s revenue reached $531.1 million, which was higher than the forecasted $478.14 million, marking a revenue surprise of 11.08%. These developments are part of IDACORP’s recent performance updates. The company also raised its guidance following the earnings announcement. Analysts had expected slightly lower figures, making this a noteworthy outcome for the company. Investors may find these results encouraging as they reflect positively on IDACORP’s financial health.
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