Here's How Idacorp Could Generate Above Average Earnings Growth, Says Bullish Analyst
Here's How Idacorp Could Generate Above Average Earnings Growth, Says Bullish Analyst
Analyst Ross Fowler upgraded the rating for Idacorp from Neutral to Buy. He raised the price target from $113 to $117.Shares of Idacorp Inc (NYSE:IDA) continued on an upward trajectory in early trading on Tuesday.
Idacorp股票（纽交所：IDA）在周二早盘继续上升。
The stock climbed more than 7% over the past month.
该股在过去一个月上涨了超过7%。
During its third-quarter earnings call, the company raised its five-year load growth forecast in its preliminary 2025 Integrated Resource Plan (IRP), according to BofA Securities.
根据美银证券的消息，在其第三季度业绩会上，该公司在其2025年初步整体资源计划（IRP）中提高了其五年负载增长预测。
Analyst Ross Fowler upgraded the rating for Idacorp from Neutral to Buy. He raised the price target from $113 to $117.
分析师罗斯・富勒将Idacorp的评级从中立升级为买入，将目标价从113美元提高到117美元。
The Idacorp Thesis: The company reported third-quarter adjusted earnings $2.12 per share, missing consensus of $2.17 per share, but raised its full-year guidance range from $5.30-$5.45 per share to $5.35-$5.45, per share,Fowler said in the upgrade note.
Idacorp论点: 公司报告第三季度调整后每股收益为2.12美元，低于每股2.17美元的共识，但富勒在升级通知中表示，将全年业绩指引区间从每股5.30-5.45美元提高到每股5.35-5.45美元。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
The forecasted rate base growth in IRP spiked from about 11% to around 17%. That's "well above average broader electric peers," he added.
IRP中预测的率基增长从约11%激增至约17%。他补充说，这"远高于更广泛的电力同行"。
The five-year capex plan increased 46% in total, the analyst wrote. Over $1 billion of the increase attributable to the inclusion of new generation projects from 2026 and 2027 RFP commitments.
五年资本支出计划总额增加46%，分析师写道。其中超过10亿美元的增加归因于2026年和2027年RFP承诺的新发电项目的纳入。
"Longer term, we note incremental upside to capex/rate base growth could result from new generation/transmission needs implied by the ongoing 2025 IRP and '28/'29 RFP filings, along with pending projects from large load industrial customers, which are not included in the current plan," he further stated.
从更长远的角度来看，我们注意到来自2025年IRP和'28/'29 RFP备案所暗示的新一代/传输需求可能会带来递增的资本支出/率基增长，还有来自大型用电工业客户的未纳入当前计划的待定项目，他进一步表示。
This could enable Idacorp to generate above-average earnings growth of an 8% CAGR (compounded annual growth rate) through 2028, Fowler said.
这可能使idacorp能够在2028年之前实现8%的复合年增长率(复合年增长率)，Fowler表示。
Price Action: Shares of Idacorp had risen by 2.61% to $108.89 at the time of publication on Tuesday.
股价表现：截至周二发布时，idacorp的股价上涨了2.61%，至108.89美元。
Read More:
阅读更多：
- Primo Water Declares Special Dividend in Connection With Merger Deal
- Primo Water宣布与合并交易相关的特别股利
