How much money would you have made on IDACORP Inc?

Summary

Founded in 1998 as a holding company, IDACORP, Inc. operates primarily through its principal subsidiary, Idaho Power Company, serving as a pivotal player in the energy and transportation sector within the United States. Headquartered in Boise, Idaho, the company has a long and rich history that dates back to the early 20th century, reflecting a robust legacy in electric services. Their journey began when Idaho Power was established in 1916, initially focusing on harnessing hydroelectric power. Over the decades, IDACORP has grown, flourishing into an influential entity that generates, transmits, distributes, purchases, and sells electricity across vast regions. This enduring heritage is a testament to their ability to adapt and innovate in a constantly evolving industry.

IDACORP offers a comprehensive range of services centered around electricity. They are involved in the intricate process of power generation, utilizing a diverse array of energy sources which primarily include hydroelectric plants, and are increasingly investing in clean, renewable energy. Their services cover all aspects of electric energy management— from generation and transmission to distribution and sale. Their customer base is expansive, serving over a half-million residential, commercial, and industrial customers in Idaho and parts of Eastern Oregon. This broad reach underscores their critical role in delivering essential energy services that power people's everyday lives and businesses.

In terms of market position, IDACORP holds a strong presence as a utility leader in the Pacific Northwest. One of their significant competitive advantages is their commitment to hydropower, which represents over 40% of their energy mix. This focus on sustainable energy not only reduces operational costs but also aligns with increasing regulatory demands and public sentiment towards environmental responsibility. Additionally, IDACORP maintains consistently high reliability scores, ensuring a dependable supply of electricity to a diverse customer base. Their strategic geographic location in a rapidly growing region adds another layer of competitive edge, positioning them favorably among peers in the energy sector.

Recent business developments highlight IDACORP’s proactive approach to both environmental stewardship and financial performance. The company has made significant strides in expanding its renewable energy portfolio, further investing in solar and wind projects. This aligns with broader trends focused on clean energy transition, enhancing their market reputation and opening new avenues for growth. Financially, IDACORP has showcased resilience, delivering stable revenues and maintaining a solid dividend history—a crucial factor that garners investor confidence. Their disciplined fiscal management and strategic infrastructure investments underscore a commitment to long-term value creation.

For investors, IDACORP represents an appealing opportunity characterized by several compelling factors. Firstly, the growing need for sustainable energy solutions places IDACORP in a favorable position to leverage their existing hydroelectric resources alongside new renewable projects. Their proven track record of reliability and customer satisfaction bolsters their position as a trusted utility provider, while their consistent financial performance highlights an ability to navigate both opportunities and challenges effectively. Moreover, IDACORP's strategic initiatives in renewable energy offer potential for upside as the company positions itself at the forefront of industry transformation.

In conclusion, IDACORP, Inc. presents a robust investment proposition centered on sustainability, stability, and strategic growth within the electric services industry. Their distinguished history, comprehensive energy solutions, and forward-thinking market strategies make IDACORP a compelling consideration for investors seeking relatively stable and socially responsible investments in the energy and transportation sector. As they continue to enhance their renewable energy capabilities and fortify their market presence, IDACORP stands poised to harness both traditional and innovative paths to future success.

Background

IDACORP Inc, located at 1221 west idaho street, boise, id, us specializes in the electric services industry. It is currently listed on the exchange NYSE in the country USA.

The company's last annual earnings report on 2023-09-30 showed that it had reached a market capitalization of 4,531,075,000 dollars.

If someone had invested $100 in IDACORP Inc 10 years ago, their investment would be worth roughly $87.04 today, according to If You Had Invested

If you had invested...

The stock price is a reflection of the company's performance, market value and for IDA, its stock has been phenomenal. If you had invested $1,000 in IDACORP Inc 1 year ago and held onto your investment until today , here's what would have happened:

Your investment would now be worth roughly $1149.51 today.

Financials

If you are looking for a company with a high dividend yield then IDACORP Inc has a dividend yield of 0.0371 making it a decent dividend company to invest in. If you are going to buy some IDA stock for dividends make sure you buy before 2024-02-02

In terms of growth IDACORP Inc has had a turn for the worst with a Quarterly Earnings growth rate of -0.014. At the same time revenue growth has been sliding down as well with a quarterly revenue growth rate of -0.014

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As IDACORP Inc continues on its journey to become a 679,661,250,0.0 dollar company, there is no doubt that the stock will continue to rise. You should watch out for any major announcements about their products or recent earnings. If you wish to invest in the stock market but are not sure where to start, start by signing up on Robinhood

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