IDACORP, Inc.

IDACORP trades at a 24.56 P/E ratio—substantially elevated for a utility stock, where peers typically command 16–18 multiples. The company sits near but not at 52-week highs with RSI at 55.6, suggesting neither oversold nor overbought conditions. However, the 10.03% short interest is notably high for a defensive utility, hinting at skepticism about the valuation premium. With an $8.1B market cap, this outfit appears priced for meaningful growth acceleration that may be difficult to deliver in a mature utility landscape. The combination of stretched valuation and significant short positioning creates tension—potential squeeze dynamics if sentiment shifts, yet the elevated multiple leaves little room for disappointment.