IDACORP Raises Lower-End Of Its Previously Reported FY24 Earnings Guidance To The Range Of $5.30-$5.45 Vs $5.39 Est.
Portfolio Pulse from Benzinga Newsdesk
IDACORP has raised the lower-end of its FY24 earnings guidance to a range of $5.30-$5.45 per share, citing additional tax credits from Idaho Power's 2023 battery storage projects and regulatory mechanisms.
August 01, 2024 | 11:38 am
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IDACORP has increased its FY24 earnings guidance to $5.30-$5.45 per share, supported by additional tax credits from Idaho Power's battery storage projects and regulatory mechanisms.
The increase in earnings guidance is a positive indicator for IDACORP's financial performance, driven by additional tax credits and regulatory support. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100