AltC Acquisition (NYSE:ALCC – Get Free Report) and IDACORP (NYSE:IDA – Get Free Report) are both oils/energy companies, but which is the superior investment? We will compare the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, dividends, institutional ownership and earnings.

Analyst Recommendations

This is a breakdown of recent recommendations for AltC Acquisition and IDACORP, as provided by MarketBeat.

IDACORP has a consensus price target of $97.40, indicating a potential upside of 2.85%. Given IDACORP’s higher probable upside, analysts plainly believe IDACORP is more favorable than AltC Acquisition.

Institutional and Insider Ownership

85.0% of AltC Acquisition shares are held by institutional investors. Comparatively, 89.1% of IDACORP shares are held by institutional investors. 21.8% of AltC Acquisition shares are held by insiders. Comparatively, 0.5% of IDACORP shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Profitability

This table compares AltC Acquisition and IDACORP’s net margins, return on equity and return on assets.

Volatility and Risk

AltC Acquisition has a beta of -0.06, indicating that its share price is 106% less volatile than the S&P 500. Comparatively, IDACORP has a beta of 0.57, indicating that its share price is 43% less volatile than the S&P 500.

Valuation & Earnings

This table compares AltC Acquisition and IDACORP’s top-line revenue, earnings per share (EPS) and valuation.

IDACORP has higher revenue and earnings than AltC Acquisition.

Summary

IDACORP beats AltC Acquisition on 8 of the 9 factors compared between the two stocks.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp. in February 2021. AltC Acquisition Corp. was incorporated in 2021 and is based in New York, New York.

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.

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