IDACORP Inc

IDACORP reported second-quarter 2026 results that exceeded earnings expectations and lifted the lower end of its full-year earnings guidance range, alongside higher year-over-year sales and net income. The stock has returned 12.26% year to date and 17.99% over the past year, with a three-year total shareholder return of 57.60%. At a share price of $142.91, one widely followed narrative pegs fair value at $158.10 using a 7.108% discount rate, implying some upside, while a separate discounted cash flow model estimates fair value at $111.33, suggesting the stock may be overvalued. Robust customer and population growth in IDACORP's service area, along with large-scale industrial investments such as Micron fabs and data centers, supports expectations of sustained above-average electricity demand into the 2030s.

IDACORP has declared a quarterly dividend of $0.88 per share, in line with the previous payout. The dividend is payable on August 31 to shareholders of record as of August 5, with the ex-dividend date also set for August 5. Based on the current share price, the forward yield stands at 2.33%.