IDACORP: Still Knocking On The Buy Zone's Door Now

Kody's Dividends Investing Group Follow Summary Since June, IDACORP, Inc. has trailed the S&P 500 index. The regulated utility’s mix of large contract customer ramp-ups, customer growth, and a multi-gigawatt pipeline should power robust diluted EPS growth. IDACORP’s interest coverage ratio is respectable for a regulated utility. Due to macroenvironment considerations, shares remain incrementally overvalued. IDACORP likely has no further upside by the end of September 2027, with roughly 9% annual total return potential through 2031. Looking for more investing ideas like this one? Get them exclusively at The Dividend Kings. Learn More » ArtistGNDphotography/E+ via Getty Images The ongoing explosion in power-hungry industrial demand and data center expansion has lit a fire under America’s regulated utilities. Benefiting from this structural tailwind, a leading Pacific Northwest electric utility is poised for high single-digit percentage annual This article was written by Kody's Dividends 10.94K Followers Follow Hi, my name is Kody. Aside from my articles here on Seeking Alpha, I am also a regular contributor to Sure Dividend, The Dividend Kings, and iREIT+Hoya Capital. I have been investing since September 2017 (age 20) and interested in dividend investing since about 2009.Since July 2018, I have ran Kody's Dividends. This is a blog that is documenting my journey towards financial independence using dividend growth investing as the means to transform the dream of financial independence into a reality. It's also the inspiration of my pseudonym here on Seeking Alpha.By God's grace, I owe everything to my blog for introducing me to the Seeking Alpha community as an analyst. That's my story and I hope you enjoy my work examining dividend growth stocks and the occasional growth stock! Analyst’s Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.