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/AVA
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Avista Corp

Avista Corp

AVA
$41.80USD↓-1.21%-0.51 today

MARKET CAP

3.5B

P/E (TTM)

16.7x

FWD P/E

15.4x

DAY RANGE

$42 – $43

52W RANGE

$36
$44

AI Summary

Stalk
StalkMedium

AVA remains in a Stage 2 advancing regime with a bullish medium-term trend supported by rising EMAs and higher highs. However, recent exhaustion at marginal highs and rejection at resistance have removed a clear timing edge. Execution should be deferred and targeted on pullbacks into the rising EMAs for controlled entries.

  • ↑Q1 EPS $1.11, up 13% YoY; management expects 4–6% annual growth
  • ↑2026 CapEx of $615M and $3.4B planned through 2030 drives 8% rate-base growth
  • ↓Ongoing Washington rate case uncertainties may delay interim rate relief
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The case for & against

Bull & Bear analysis

Bullish

Avista Corporation (NASDAQ: AVA) is a regulated utility that provides electric and natural gas services primarily to customers in the Pacific Northwest. The company is focused on enhancing its infrastructure and advancing opportunities around renewable energy amidst evolving regulatory demands. Avista's commitment positions it well within the themes of clean energy transition and utility modernization, with strategies aimed at improving operational efficiencies while addressing wildfire risks and customer growth through large-load client engagements.

Bull says

  • ↑Q1 EPS $1.11, up 13% YoY; management expects 4–6% annual growth
  • ↑2026 CapEx of $615M and $3.4B planned through 2030 drives 8% rate-base growth
  • ↑Grid hardening and wildfire mitigation investments enhance reliability
  • ↑Attractive earnings yield with low share volatility appeals to conservative investors
  • ↑Analysts maintain “Hold” with price target raised to $40 suggesting modest upside
  • ↑Dividend raised to $1.97 marks 24 consecutive years of increases

Bear says

  • ↓Ongoing Washington rate case uncertainties may delay interim rate relief
  • ↓Consensus target of $35.94 indicates limited upside versus DCF valuations
  • ↓Elevated leverage increases interest expense risk amid rising rates
  • ↓Clean-tech portfolio write-downs signal volatile non-regulated earnings
  • ↓Weak growth momentum and subpar profitability metrics could hamper expansion
  • ↓Analyst downward earnings revisions reflect cautious sentiment

Investment themes with AVA

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026bullish

Transcript signals

Bull points

  • The year began with real momentum and the pace of activity across our business has only accelerated.
  • our grid hardening and resilience efforts improved the overall response to the storm.
  • we remain optimistic about the opportunities ahead.

Bear points

  • I can't give you a probability of settlement, but I think everybody's going to give it a shot regarding the Washington GRC as there are a number of issues to work through.
  • That's another good question, and it's hard to prioritize the three. They're all very important. If we're going to need to stay out longer while we're working through the proceeding, we, of course, would need some interim rate relief as we continue to make capital investments. And then as we look forward, we've had a lot of success with multi-years in other states like Idaho and Washington, to have a quality multi-year with a strong first-year starting point. That is also equally as important as we look forward.
  • Based on updates to project costs, we now expect capital expenditures at Avista Utilities of $615 million in 2026. We expect capital expenditures from 2026 through 2030 of $3.4 billion.
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