Why Did IDACORP Plunge 18.6% Amid Market Volatility?

Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jul 22, 2025 8:44 am ET1min read
Aime RobotAime Summary

- IDACORP's stock plunged 18.6% in pre-market trading on July 22, 2025.

- Argus raised its price target to $129 (BUY rating) citing strong industry position and high financial ratings.

- Utility sector volatility and regulatory changes are key factors affecting investor sentiment toward IDACORP.

On July 22, 2025, IDACORP's stock experienced a significant drop of 18.6% in pre-market trading, marking a notable decline in its share price.

IDACORP, Inc. has recently seen a positive shift in its investment outlook. Argus has raised its target price for

to $129.00, reflecting a BUY rating. This adjustment is based on the company's strong industry position, medium management and growth ratings, and high safety and financial strength ratings. This optimistic outlook from Argus could have contributed to the recent volatility in IDACORP's stock price.

IDACORP's stock performance has been influenced by broader market trends and sector-specific dynamics. The utility sector, which includes IDACORP, has been subject to regulatory changes and market fluctuations that can impact stock prices. Investors are closely monitoring these factors as they assess the company's future prospects.

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