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IDA · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is IDACORP, Inc. (IDA) stock moving?
IDACORP reported a Q3 2026 beat on Oct 29, with EPS of $2.73 against estimates of roughly $2.48 to $2.51 and sales of $608.0M against $602.9M, and it raised its FY2026 GAAP EPS guidance to $6.40-$6.50 from $6.30-$6.45. Barclays reaffirmed its Overweight rating on Nov 3 and raised its price target to $163 from $149. The market data shows the stock moving up after the report: it closed at $138.88 on Oct 28 and $142.73 on Oct 29 on heavy volume, then traded mostly between $144 and $149. The Nov 10 close of $148.27 is the highest in the 30-day window, and it came on the largest volume of the period (707,102 shares), which suggests the advance is still drawing buyers. The stock trades close to the Nov 5 intraday high of $149.15, so further gains would need to clear that level. At $148.27 it sits about 10% below the $163 Barclays target. The news flow is limited to one earnings report, one guidance update and one analyst action, and no regulatory, rate case or dividend news appears in the provided data, so the longer-term view rests mainly on the earnings and guidance beat.
News behind the analysis
- Barclays Maintains Overweight Rating and Raises Price Target for IDACORPBarclays reaffirmed its Overweight rating on IDACORP and raised its price target from $149 to $163.
- Barclays Maintains Overweight on Idacorp, Raises Price Target to $163Barclays kept its Overweight call on Idacorp and lifted its price target to $163, the same move reported by other outlets.
- Idacorp Q3 EPS $2.73 Beats $2.48 Estimate, Sales $608.036M Beat $602.910M EstimateQ3 2026 earnings per share of $2.73 and sales of $608.0M both came in above estimates.
- IDACORP Reports Q3 2026 Earnings and Updates 2026 EPS GuidanceIDACORP reported Q3 EPS of $2.73 versus the FactSet consensus of $2.51 and set 2026 EPS guidance at $6.40 to $6.50.
- Idacorp Raises FY2026 GAAP EPS Guidance from $6.30-$6.45 to $6.40-$6.50 vs $6.38 EstThe FY2026 GAAP EPS guidance was raised at both ends, to $6.40-$6.50 from $6.30-$6.45, above the $6.38 estimate.
About IDACORP, Inc.
IDACORP is a Boise-based holding company whose main business is Idaho Power, a regulated electric utility serving southern Idaho and eastern Oregon. It stands out for its large hydroelectric fleet, including the Hells Canyon dams on the Snake River, and for customer growth of about 2% a year, which is fast for a utility.
How it makes money
Nearly all of its revenue comes from selling electricity to residential, commercial, industrial and irrigation customers at rates set by the Idaho and Oregon regulators. Those rates are designed to let it earn a return on the power plants, transmission lines and other assets it builds. It also earns some revenue from large contract customers, such as data centers and manufacturers, and from selling power and transmission capacity on the wholesale market. A small non-utility business invests in things like affordable housing projects.
What usually moves IDA
- Rate case outcomes from Idaho and Oregon regulators
- Customer growth and new large-load customers like data centers
- Capital spending on generation and transmission, and the share issuance that funds it
- Interest rates
- Snake River water levels and power supply costs