JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Idacorp Inc’s stock reached an all-time high, hitting 120.84 USD, underscoring a robust performance over the past year. With a market capitalization of $6.5 billion and a current P/E ratio of 21.3, InvestingPro analysis suggests the stock is trading above its Fair Value. The company has experienced a total return of 31.4% over the past year, reflecting strong investor confidence and potentially favorable market conditions. According to InvestingPro data, the stock has maintained dividend payments for 55 consecutive years, with a current dividend yield of 2.86%. This milestone marks a significant achievement for Idacorp, as it continues to attract attention from investors and analysts alike. The stock’s upward trajectory highlights the company’s strategic initiatives and operational efficiencies, with three analysts recently revising earnings estimates upward. The stock has demonstrated remarkably low price volatility, making it an interesting consideration for stability-focused investors. For deeper insights into Idacorp’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, IDACORP Inc (NYSE:IDA). reported its first quarter 2025 earnings, exceeding Wall Street expectations with an earnings per share (EPS) of $1.10, surpassing the anticipated $1.06. The company also reported revenues of $448.94 million, which exceeded the forecasted $440.71 million. Additionally, IDACORP announced a $450 million public stock offering with forward sale agreements involving major financial institutions such as Morgan Stanley (NYSE:MS), J.P. Morgan, and Wells Fargo (NYSE:WFC) Securities. The underwriters have an option to purchase up to an additional $67.5 million in common stock. In another development, IDACORP declared a quarterly dividend of $0.86 per share, payable to shareholders on September 2, 2025. The company also set its full-year EPS guidance between $5.65 and $5.85, with plans for significant capital expenditures aimed at expanding renewable energy projects and enhancing transmission capabilities. These recent developments reflect IDACORP’s proactive approach to financial growth and infrastructure expansion.
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