Idacorp Stock Hits New 52-Week High (IDA)

NEW YORK ( TheStreet) -- Idacorp Incorporated (NYSE: IDA) hit a new 52-week high Thursday as it is currently trading at $40.62, above its previous 52-week high of $40.54 with 57,781 shares traded as of 10:36 a.m. ET. Average volume has been 226,500 shares over the past 30 days.

Idacorp has a market cap of $2 billion and is part of the utilities sector and utilities industry. Shares are up 8.8% year to date as of the close of trading on Wednesday.

IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. The company has a P/E ratio of 12.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your IDA trading strategies and win cash in our stock game.

TheStreet Ratings rates Idacorp as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, increase in stock price during the past year, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Idacorp Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping