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Idacorp Inc has reached a significant milestone with its stock hitting an all-time high of 134.35 USD. According to InvestingPro data, the stock’s technical indicators suggest overbought conditions, with a P/E ratio of 23.46x reflecting premium valuations. This achievement reflects a robust performance, with the stock delivering an impressive 36.39% return over the past year and 25.06% year-to-date. The rise to this new peak underscores investor confidence in Idacorp’s strategic initiatives and market position. As the company continues to navigate the evolving energy landscape, this all-time high marks a moment of notable success for both the company and its shareholders. For deeper insights into Idacorp’s valuation and 12 additional exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis in the Pro Research Report.
In other recent news, IDACORP Inc. reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $1.76, exceeding the forecasted $1.73. Additionally, IDACORP’s revenue reached $531.1 million, which was well above the anticipated $478.14 million, marking an 11.08% revenue surprise. Following these strong results, Jefferies raised its price target for IDACORP to $144 from $133, while maintaining a Buy rating. This adjustment reflects Jefferies’ positive outlook on IDACORP’s capital refresh and a 16% compound annual growth rate in its rate base. The firm also noted an 8% earnings per share compound annual growth rate. These recent developments highlight IDACORP’s accelerating growth trajectory.
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