IDACORP Added to Fund with 31.4% Annual Gain and $7.8B Valuation
Aristotle Small Cap Equity Fund added IDACORP after its shares closed at $144.26 on Feb. 13, delivering a 7.17% one-month gain and a 31.41% twelve-month increase. The utility’s $7.8 billion market cap underpins a five-year capital plan targeting double-digit rate-base growth driven by industrial load gains and population migration.
1. Aristotle Fund Addition
In its fourth-quarter investor letter, Aristotle Capital’s Small Cap Equity Fund added IDACORP to its portfolio, highlighting the utility’s attractive valuation and growth potential relative to small-cap peers.
2. Stock Performance Metrics
IDACORP shares closed at $144.26 on Feb. 13, delivering a 7.17% one-month gain and a 31.41% rise over the past year, reflecting a market capitalization of $7.8 billion.
3. Growth Outlook and Capital Plan
The company’s five-year capital plan targets double-digit rate-base growth, underpinned by strong industrial load increases, population migration into southern Idaho and eastern Oregon, and critical regional transmission opportunities within a constructive regulatory environment.
4. Hedge Fund & Analyst Interest
Twenty-seven hedge funds held IDACORP at the end of Q3, down from 33 in Q2; the stock carries a Zacks Rank #2 and a +1.13% Earnings ESP, with analysts forecasting 9.6% earnings growth for 2026 ahead of its Feb. 19 results release.