IDACORP (NYSE:IDA – Get Rating) and ReNew Energy Global (NASDAQ:RNW – Get Rating) are both mid-cap utilities companies, but which is the better business? We will contrast the two businesses based on the strength of their profitability, risk, dividends, earnings, institutional ownership, analyst recommendations and valuation.
Analyst Ratings
This is a summary of current recommendations and price targets for IDACORP and ReNew Energy Global, as reported by MarketBeat.com.
Get IDACORP alerts:| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| IDACORP | 0 | 2 | 1 | 0 | 2.33 |
| ReNew Energy Global | 0 | 0 | 0 | 0 | N/A |
IDACORP currently has a consensus target price of $111.00, suggesting a potential upside of 7.31%. Given IDACORP's higher possible upside, research analysts plainly believe IDACORP is more favorable than ReNew Energy Global.
Volatility & Risk
IDACORP has a beta of 0.59, indicating that its stock price is 41% less volatile than the S&P 500. Comparatively, ReNew Energy Global has a beta of 0.43, indicating that its stock price is 57% less volatile than the S&P 500.Insider & Institutional Ownership
79.4% of IDACORP shares are held by institutional investors. Comparatively, 45.9% of ReNew Energy Global shares are held by institutional investors. 0.7% of IDACORP shares are held by insiders. Comparatively, 8.7% of ReNew Energy Global shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Earnings and Valuation
This table compares IDACORP and ReNew Energy Global's gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| IDACORP | $1.46 billion | 3.59 | $245.55 million | $4.93 | 20.98 |
| ReNew Energy Global | $912.00 million | 2.76 | -$211.00 million | ($0.35) | -17.94 |
IDACORP has higher revenue and earnings than ReNew Energy Global. ReNew Energy Global is trading at a lower price-to-earnings ratio than IDACORP, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares IDACORP and ReNew Energy Global's net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| IDACORP | 16.05% | 9.20% | 3.39% |
| ReNew Energy Global | -14.54% | -8.78% | -1.73% |
Summary
IDACORP beats ReNew Energy Global on 12 of the 13 factors compared between the two stocks.
About IDACORP
(Get Rating)
IDACORP, Inc. is a holding company, which engages in the generation, transmission, distribution, sale, and purchase of electric energy. The firm owns and operates hydroelectric plants on the Snake River and its tributaries. It operates through the following segments: Utilities Operations and Other. The Utilities Operations segment focuses on the production of electricity. The Others segment consists of IFS's investments in affordable housing developments and historic rehabilitation projects and Ida-West's joint venture investments in small hydropower generation projects. The company was founded on October 1, 1998, and is headquartered in Boise, ID.
About ReNew Energy Global
(Get Rating)
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company also provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. As of March 31, 2022, its portfolio consisted of 10.69 GW of wind and solar energy projects, hydro, firm power projects, and distributed solar energy projects, of which 7.57 GW projects were commissioned and 3.12 GW were committed. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.
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