Mizuho Maintains Neutral Rating for Idacorp: Here's What You Need To Know

Mizuho has decided to maintain its Neutral rating of Idacorp IDA and lower its price target from $99.00 to $88.00.

Shares of Idacorp are trading up 0.0% over the last 24 hours, at $88.58 per share.

A move to $88.00 would account for a 0.65% decrease from the current share price.

About Idacorp

Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.