Contrasting Nano Nuclear Energy (NASDAQ:NNE) and IDACORP (NYSE:IDA)

IDACORP (NYSE:IDA) and Nano Nuclear Energy (NASDAQ:NNE) 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

IDACORP has higher revenue and earnings than Nano Nuclear Energy.

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.