IdaCorp traded at $145.21 this Tuesday June 23rd, increasing $2.49 or 1.74 percent since the previous trading session. Looking back, over the last four weeks, IdaCorp gained 1.79 percent. Over the last 12 months, its price rose by 26.23 percent. Looking ahead, we forecast IdaCorp to be priced at 139.44 by the end of this quarter and at 131.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
IDACORP, Inc. is a holding company. The Company's principal operating subsidiary is Idaho Power Company (Idaho Power). Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity with a service area covering approximately 24,000 square miles in southern Idaho and eastern Oregon. Idaho Power is regulated primarily by the state utility regulatory commissions of Idaho and Oregon and the Federal Energy Regulatory Commission (FERC). The Company's other wholly-owned subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate tax credit investments, and Ida-West Energy Company (Ida-West), an operator of small hydropower generation projects.