IDACORP's 15-min chart shows bullish trend with Bollinger Bands expanding upward.

The 15-minute chart for IDACORP has recently triggered an upward expansion of Bollinger Bands, accompanied by a bullish Marubozu pattern observed at 08:30 on August 21, 2025. This indicates that the prevailing market trend is being driven by strong buying activity, with buyers firmly in control of the market dynamics. As a result, it is likely that the bullish momentum will continue to prevail.

IDACORP Inc. (IDA) has been making significant strides in the utility sector, driven by strategic investments, cost management, and a focus on clean energy production. The recent technical analysis of the 15-minute chart for IDACORP has shown an upward expansion of Bollinger Bands accompanied by a bullish Marubozu pattern observed at 08:30 on August 21, 2025. This pattern indicates strong buying activity and suggests that the prevailing market trend is being driven by buyers firmly in control of the market dynamics. As a result, it is likely that the bullish momentum will continue to prevail [1].

IDA's growth prospects are robust, with the Zacks Consensus Estimate for 2025 earnings per share (EPS) increasing by 0.3% to $5.83 over the past 60 days. The company is projected to achieve a year-over-year increase in sales of 1.6%, reaching $1.85 billion. Over the long term, IDA's earnings growth rate is expected to be 8.13% [1].

The company's liquidity and debt position are also strong indicators of its financial health. IDACORP's current ratio of 1.45 is significantly higher than the industry average of 0.85, indicating that the company has sufficient short-term assets to cover its liabilities. Moreover, the company's total debt to capital ratio of 50.29% is below the industry average of 59.75%, and its time-to-interest earned ratio of 2.7 indicates its ability to meet future interest obligations without difficulties [1].

IDA has been consistently increasing shareholders' value by paying regular dividends. Currently, its quarterly dividend is 86 cents per share, resulting in an annualized dividend of $3.44, with a current dividend yield of 2.76%, which is higher than the Zacks S&P 500 composite's 1.15% [1].

The company's strategic investments and capital expenditures are set to strengthen its infrastructure and expand its operations. IDA expects to invest $943 million in 2024 and capital expenditure in the range of $1-$1.1 billion in 2025, $1.25-$1.35 billion in 2026, and $3.1-$3.6 billion during 2027-2029 [1].

IDA's customer base has been growing, with a 2.5% year-over-year improvement over the past 12 months. This growth is expected to continue, driven by improvements in economic conditions in its service territories. The rising customer base is creating more demand for its services and boosting performance [1].

In the past three months, IDA's shares have risen by 6.2%, outperforming the industry's decline of 0.6%. This performance suggests that IDA is a strong investment option in the utility sector [1].

References:
[1] https://www.nasdaq.com/articles/heres-why-idacorp-stock-deserves-spot-your-portfolio-right-away