Morgan Stanley has upgraded Idacorp Inc (IDA) to Overweight from Equal-Weight, reflecting a more optimistic outlook on the company's future performance. This adjustment, made on December 15, 2025, comes as Idacorp continues to navigate the utilities sector, which is characterized by stable demand and regulatory oversight.
Idacorp, headquartered in Boise, Idaho, operates through its subsidiary, Idaho Power Company, providing electric utility services to over 649,000 retail customers in southern Idaho and eastern Oregon. The firm is engaged in the generation, transmission, distribution, sale, and purchase of electric energy. With a market capitalization of $6.9 billion and a P/E ratio of 21.62, Idacorp reported an EPS of 5.83 and boasts a substantial dividend yield of 279.9%.
The upgrade underscores a shift in analyst sentiment, possibly indicating improved fundamentals or enhanced confidence in the company’s strategic direction. Analyst ratings are based on comprehensive research and financial models, offering valuable insights but also reflecting assumptions that may not always materialize.
Idacorp's upcoming earnings report is expected on July 29, 2026, with an estimated EPS of $1.85 and revenue of $545.0 million. As analysts continue to evaluate the company's performance, ratings can change, and differing opinions may arise as new information becomes available.
Such decisions reflect the dynamic nature of the market and the importance of considering a range of factors when making investment choices.