Tristan R. Brown
Alternative energy, long/short equity, commodities, energy

Idacorp Is Overvalued In Light Of 2016's Weather Forecast

Shares of Idaho electric utility IDACORP (NYSE:IDA) have defied conventional wisdom over the last several months, setting a new all-time high last December despite announcement of the first U.S. interest rate increase in nearly a decade and persistent drought conditions in the company's service area. In an article published in July, I recommended the company's shares at the right price, highlighting its excellent earnings and dividend increase records. IDACORP's share price proceeded to increase 20% by the end of the year, making it one of the market's better performers as the S&P 500 lost a bit of ground over the same period (it has since lost some ground amidst wider market turmoil). Developments in the company's service area

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