Why Did IDACORP Plunge 18.6% Amid Market Volatility?

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 IDACORP 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.