Phocas Financial Buys Stake in IDACORP Energy Firm

The investment firm adds over 56,000 shares of the Idaho-based utility company to its portfolio.

Apr. 6, 2026 at 10:41am

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Phocas Financial Corp. has purchased a new stake in IDACORP, Inc. (NYSE:IDA), the parent company of Idaho Power, according to a recent SEC filing. The fund bought 56,662 shares of the energy company's stock, valued at approximately $7.17 million, giving Phocas a 0.10% ownership stake in IDACORP.

Why it matters

The purchase by Phocas Financial, a prominent investment management firm, signals confidence in IDACORP's financial performance and growth potential. As a major utility provider in the Pacific Northwest, IDACORP's stock is closely watched by investors and analysts for insights into the regional energy market.

The details

Phocas Financial's new position in IDACORP was disclosed in the firm's latest 13F filing with the SEC, which details its investment holdings as of the end of the fourth quarter of 2025. The 56,662 shares acquired by Phocas represent a new stake in the company, as the firm did not previously own any IDACORP stock.

  • Phocas Financial purchased the IDACORP shares during the fourth quarter of 2025.
  • The 13F filing disclosing the new stake was submitted to the SEC on April 6, 2026.

The players

Phocas Financial Corp.

An investment management firm that has purchased a new stake in IDACORP, Inc.

IDACORP, Inc.

The parent company of Idaho Power, a major electric utility serving customers in southern Idaho and eastern Oregon.

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What they’re saying

“IDACORP's stock performance and growth potential have attracted the attention of prominent investment firms like Phocas Financial.”

— Analyst

What’s next

Investors will be closely watching IDACORP's future financial reports and stock price movements to gauge the company's performance and the impact of Phocas Financial's new investment stake.

The takeaway

The purchase of IDACORP shares by Phocas Financial underscores the investment community's confidence in the long-term prospects of this Pacific Northwest energy provider, which has a diverse generation portfolio and serves a growing customer base.