IDACORP (NYSE:IDA – Get Free Report) and Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) are both utilities companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, valuation, dividends, profitability, risk, analyst recommendations and institutional ownership.
Profitability
This table compares IDACORP and Nano Nuclear Energy’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
IDACORP | 15.35% | 9.38% | 3.32% |
Nano Nuclear Energy | N/A | N/A | N/A |
Valuation and Earnings
This table compares IDACORP and Nano Nuclear Energy”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
IDACORP | $1.77 billion | 3.19 | $261.20 million | $5.39 | 19.64 |
Nano Nuclear Energy | N/A | N/A | N/A | N/A | N/A |
Institutional and Insider Ownership
89.1% of IDACORP shares are held by institutional investors. 0.5% of IDACORP shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Analyst Ratings
This is a summary of recent ratings and target prices for IDACORP and Nano Nuclear Energy, as reported by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
IDACORP | 0 | 5 | 1 | 0 | 2.17 |
Nano Nuclear Energy | 0 | 0 | 2 | 0 | 3.00 |
IDACORP currently has a consensus price target of $107.67, indicating a potential upside of 1.72%. Nano Nuclear Energy has a consensus price target of $44.50, indicating a potential upside of 131.05%. Given Nano Nuclear Energy’s stronger consensus rating and higher possible upside, analysts plainly believe Nano Nuclear Energy is more favorable than IDACORP.
Summary
IDACORP beats Nano Nuclear Energy on 6 of the 9 factors compared between the two stocks.
About IDACORP
IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2023, it had approximately 4,762 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 11 switching stations; 30 mixed-use transmission and distribution substations; 186 energized distribution substations; and 29,714 pole-miles of distribution lines, and 131 MW of battery storage, as well as provides electric utility services to approximately 633,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.
About Nano Nuclear Energy
NANO Nuclear Energy Inc. operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses. The company was founded in 2021 and is based in New York, New York.
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