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Idacorp: Hold This Energy Company To Profit From Idaho's Growth (Technical Analysis)

Apr. 25, 2023 2:47 AM ETIDACORP, Inc. (IDA)6 Comments
Magdalena Pacholska profile picture
Magdalena Pacholska


  • IDACORP provides energy to the majority of Idaho residents and spreads business to Oregon.
  • Traditional local sectors get tech neighbours who profit from cheaper energy.
  • Chart set-up still needs some time to resolve, so no need to rush anywhere.

Rear view of female engineer in green vest and helmet standing outside against background of dam with hydroelectric power plant and irrigation.

pornpimon Ainkaew/iStock via Getty Images

Investment Thesis

IDACORP, Inc. (NYSE:IDA) is a $5.6 B market cap vertically integrated energy company encompassing generation, transmission, and distribution, providing through its subsidiary Idaho Power electricity to over 70% of the residents of Idaho and covering 7 cities

This article was written by

Magdalena Pacholska profile picture
I am investing in various styles to achieve diversification and exploit sector rotation, mixing value and disruption. I love back-testing! Passed CFA Level II. Graduate MA Finance ICHEC Brussels Management School & MA Politics Warsaw University. IRL, a Brussels-based expert in the area of innovation and technology transfer. Views are mine, not employer`s.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (6)

dbchambers profile picture
Question - will IDA and MDU combine ? Two small UTES very close to each other ....................
Jeff Swan profile picture
Jeff Swan
Yesterday, 9:57 AM
What growth? It's down from $112.60 when this article was published to $88.89 today as I type this comment.
dbchambers profile picture
Does IDA have any growth plans ? Any merger options ? Or just growth within Idaho ?

MDU is someone to watch as they sell/spinoff non UTE divisions ..........
Magdalena Pacholska profile picture
@dbchambers Slowly spreading out to Oregon, new sites.
dbchambers profile picture
@Magdalena Pacholska ok - nice small utility that has provided growth and future opportunities.
SXhunga4_2355 profile picture
One interesting analitic article About: The company's March presentation "Spring 2023 Investor Outreach" provides an interesting glance at the economy of Idaho, which seems to have a strong focus on sectors such as semiconductors and electrical equipment, agriculture, animal breeding, and food production, as well as those based on natural resources as wood and mining. The growth of jobs in the state has been positive for the last 5 years. By the same token, as mentioned in Q4 2022 earnings call, the unemployment in Idaho Power's service area during the fourth quarter was 2.3% compared to 3.5% at the national level.
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