Bullish Outlook for IDACORP, Inc.: A Growth Story in Utilities

Reported 2 days ago

IDACORP, Inc. (IDA), a regulated electric utility based in Boise, Idaho, is highlighted as a compelling investment opportunity due to its strong growth prospects driven by favorable demographic and economic trends in its service areas. As of July 24th, shares were trading at $122.77, with a trailing P/E of 21.72. The company stands to benefit from robust residential and commercial demand, notably from major projects such as Micron's new plant and Meta's data center, resulting in expected consistent earnings growth and attractive returns for long-term shareholders.

Source: YAHOO

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