(IDA) IDACORP - Ratings and Ratios

IDACORP, Inc. is a utility company operating in the Pacific Northwest, primarily serving southern Idaho and eastern Oregon. The company generates, transmits, and distributes electricity to over 633,000 retail customers. Its generation mix includes 17 hydropower plants, three natural gas-fired plants, and stakes in two coal-fired plants. This diversified energy portfolio is supported by a robust infrastructure network, including high-voltage transmission lines, substations, and distribution lines. The company also owns 131 MW of battery storage, signaling its commitment to integrating renewable energy sources and enhancing grid reliability. IDACORP serves a diverse customer base, including commercial and industrial sectors such as food processing, manufacturing, agriculture, healthcare, and education. Additionally, the company invests in housing and real estate tax credit projects, contributing to community development while diversifying its revenue streams. Founded in 1915 and headquartered in Boise, Idaho, IDACORP has established itself as a stable player in the electric utility sector, balancing traditional energy generation with modern infrastructure investments.

From an investment perspective, IDACORP operates in a regulated utility sector, which typically offers predictable cash flows and stability. The company’s market capitalization is approximately $5.94 billion, with a trailing P/E ratio of 20.52 and a forward P/E of 18.98. The price-to-book ratio stands at 1.82, and the price-to-sales ratio is 3.23. These metrics provide a snapshot of the company’s valuation, which may appeal to investors seeking exposure to the utility sector. IDACORP’s mix of renewable and conventional energy sources, coupled with its focus on modernizing its grid infrastructure, positions it to navigate the evolving energy landscape while maintaining its role as a reliable electricity provider.