CluenexIdacorp IDA
Idacorp scores weak on business quality (3.6 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Idacorp does
Idacorp generates revenue by distributing regulated electricity to retail customers across its service territory through its primary utility subsidiary. Systematic capital investment drives its long-term infrastructure updates as management expands capacity to meet regional demand.
- What it does best
Idacorp holds a regulated monopoly over its service territory, protecting its customer base from direct competition. Its gross margin of 78.7% reflects stable utility pricing power, though regional regulatory frameworks strictly cap earnings potential.
- The main risk
Heavy capital spending of $1.5B outpaces cash generation, driving free cash flow down to negative $973M. This cash burn forces reliance on debt markets to fund ongoing infrastructure updates.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 22.7% with an FCF margin of negative 54.0% due to surging capital expenditures. The business requires heavy ongoing reinvestment just to maintain operations, limiting cash returns.
Regulatory franchises create a localized utility monopoly that locks in regional consumers completely. Its operating margin rank sits at the 50th percentile of the sector, showing typical utility profitability without structural cost advantages.
Revenue declined 0.8% to $1.8B, showing stagnation as top-line progress fades compared to historical periods. Growth relies entirely on approved rate increases rather than organic volume expansion.
Debt-to-equity sits at 1.0x with interest coverage at 1.9x, leaving little cushion for financing costs. Free cash flow is negative $973M due to heavy capital expenditures, making the balance sheet steadily softer.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on IDA
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Idacorp scores weak on the Cluenex quality check (3.6 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 29, 2026.
See IDA today
- Today's verdict on IDA, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Idacorp (IDA)”, https://cluenex.com/stocks/ida/, data as of Oct 10, 2026.