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（紐交所：IDA）在週二早盤繼續上升。
The stock climbed more than 7% over the past month.
該股在過去一個月上漲了超過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.
根據美銀證券的消息，在其第三季度業績會上，該公司在其2025年初步整體資源計劃（IRP）中提高了其五年負載增長預測。
Analyst Ross Fowler upgraded the rating for Idacorp from Neutral to Buy. He raised the price target from $113 to $117.
分析師羅斯・富勒將Idacorp的評級從中立升級爲買入，將目標價從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論點: 公司報告第三季度調整後每股收益爲2.12美元，低於每股2.17美元的共識，但富勒在升級通知中表示，將全年業績指引區間從每股5.30-5.45美元提高到每股5.35-5.45美元。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
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中預測的率基增長從約11%激增至約17%。他補充說，這"遠高於更廣泛的電力同行"。
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.
五年資本支出計劃總額增加46%，分析師寫道。其中超過10億美元的增加歸因於2026年和2027年RFP承諾的新發電項目的納入。
"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.
從更長遠的角度來看，我們注意到來自2025年IRP和'28/'29 RFP備案所暗示的新一代/傳輸需求可能會帶來遞增的資本支出/率基增長，還有來自大型用電工業客戶的未納入當前計劃的待定項目，他進一步表示。
This could enable Idacorp to generate above-average earnings growth of an 8% CAGR (compounded annual growth rate) through 2028, Fowler said.
這可能使idacorp能夠在2028年之前實現8%的複合年增長率(複合年增長率)，Fowler表示。
Price Action: Shares of Idacorp had risen by 2.61% to $108.89 at the time of publication on Tuesday.
股價表現：截至週二發佈時，idacorp的股價上漲了2.61%，至108.89美元。
Read More:
閱讀更多：
- Primo Water Declares Special Dividend in Connection With Merger Deal
- Primo Water宣佈與合併交易相關的特別股利
