IDACORP Inc. (NYSE:IDA) traded today at a new 52-week high of $103.99. This new high was reached on below average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 421,000 shares.
Idacorp is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company’s hydroelectric and coal-fired plants are responsible for most of its total energy production. Idacorp primarily generates revenue from the sale of electricity to retail and wholesale customers. Most of the company’s customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent significant revenue streams.
Over the past year, IDACORP Inc. has traded in a range of $78.91 to $103.99 and is now at $102.96, 30% above that low.
IDACORP Inc. (NYSE:IDA) defies analysts with a current price ($102.96) 4.3% above its average consensus price target of $98.49.
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