IDACORP stock performance snapshot

IDACORP (IDA) has drawn fresh attention after recent price moves, with the stock showing a 1 day return of around 2% decline, a flat week, and positive month and past 3 months performance.

Over longer horizons, IDACORP shows positive total returns year to date, over the past year, and across the past 3 and 5 years, which gives investors additional context for assessing the latest trading action.

With the share price at $146.06, IDACORP’s 30 day share price return of 3.99% and 90 day return of 8.87% sit alongside a 1 year total shareholder return of 27.62%, which together indicate momentum that has been building over time.

If you are comparing IDACORP with other power and grid related names, this is a good moment to scan 33 power grid technology and infrastructure stocks

With IDACORP trading at $146.06, a value score of 1, an intrinsic value estimate that is higher than today’s price, and a modest discount to analyst targets, the key question is whether this represents a genuine buying opportunity or whether markets are already pricing in future growth.

Most Popular Narrative: 3% Undervalued

At a last close of $146.06 against a narrative fair value of $150.56, the current price sits just below what the model implies. This puts the focus firmly on the growth and earnings assumptions behind that gap.

Robust customer and population growth in IDACORP's service area, combined with significant new large-scale industrial investments (e.g., Micron fabs, data centers), suggests sustained above-average electricity demand well into the 2030s, supporting long-term revenue growth.

Curious what kind of revenue curve and margin profile are needed to support that fair value, and what sort of future P/E this narrative is comfortable with.

Result: Fair Value of $150.56 (UNDERVALUED)

However, this story can change quickly if regulators push back on cost recovery for new projects, or if hydro dependent generation runs into prolonged weather pressure.

Another View on Valuation

While the narrative fair value suggests IDACORP is about 3% undervalued at $146.06, our DCF model presents a different perspective, with a future cash flow value of $108.47. That implies the share price sits well above this estimate and raises the question of which story appears more convincing.

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out IDACORP for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 54 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

If this mix of opportunity and concern feels finely balanced, now may be a good time to review the data yourself and decide where you stand. You can start with a closer look at the company’s 2 key rewards and 3 important warning signs

Ready to widen your opportunity set?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.