IDACORP Establishes New $600M At-The-Market Equity Offering Program
IDA sits 26% above its 52-week low of $111.12.
Summary
IDACORP launched a new $600 million at-the-market equity offering program, replacing a previous agreement, to raise capital through the sale of common stock.
Key Events · Financing and Capital Events · IDA
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New ATM Program Established
IDACORP entered into an equity distribution agreement to offer and sell up to $600 million of common stock from time to time through an at-the-market (ATM) offering.
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Potential Dilution
The at-the-market offering allows for the sale of shares over time, which will dilute the ownership of current shareholders.
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Replaces Prior Agreement
This new program terminates and replaces a previous equity distribution agreement dated May 20, 2024.
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Capital Raising Strategy
This follows recent disclosures in the Q1 2026 10-Q about substantial capital raises, including potential equity proceeds.
Analysis · IDA · Energy & Transportation
IDACORP has entered into a new equity distribution agreement to sell up to $600 million of common stock through an at-the-market (ATM) offering. This program, which replaces a prior agreement, allows the company to raise substantial capital over time, but will result in dilution for existing shareholders. The proceeds are intended for general corporate purposes, including capital investments, as indicated in recent financial reports.
At the time of this filing, IDA was trading at $139.96 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $111.12 to $149.73. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.