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Shares of Idacorp Inc (NYSE:IDA) continued on an upward trajectory in early trading on Tuesday.
The stock climbed more than 7% over the past month.
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.
Analyst Ross Fowler upgraded the rating for Idacorp from Neutral to Buy. He raised the price target from $113 to $117.
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, …
Full story available on Benzinga.com
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