AVISTA CORP (AVA) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does AVISTA CORP Do?
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the wholesale purchase and sale of electricity and natural gas. The AEL&P segment offers electric services to 17,400 customers in the city and borough of Juneau, Alaska. The company generates electricity through hydroelectric, thermal, and wind facilities. As of February 23, 2022, it provided electric service to 406,000 customers and natural gas to 372,000 customers. In addition, the company engages in venture fund investments, real estate investments, and other investments. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington. AVISTA CORP (AVA) is classified as a mid-cap stock in the Utilities sector. The company is led by CEO Dennis P. Vermillion and employs approximately 1,770 people, headquartered in Spokane, Washington. With a market capitalization of $3.3B, AVA is one of the notable companies in the Utilities sector.
AVISTA CORP (AVA) Stock Rating — Hold (April 2026)
As of April 2026, AVISTA CORP receives a Hold rating with a composite score of 50.8/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AVA ranks #597 out of 4,446 stocks in our coverage universe. Within the Utilities sector, AVISTA CORP ranks #61 of 112 stocks, placing it in the lower half of its Utilities peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
AVA Stock Price and 52-Week Range
AVISTA CORP (AVA) currently trades at $41.87. The stock lost $0.22 (0.5%) in the most recent trading session. The 52-week high for AVA is $43.50, which means the stock is currently trading -3.7% from its annual peak. The 52-week low is $35.50, putting the stock 17.9% above its annual trough. Recent trading volume was 390K shares, suggesting relatively thin trading activity.
Is AVA Overvalued or Undervalued? — Valuation Analysis
AVISTA CORP (AVA) carries a value factor score of 71/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 24.35x, compared to the Utilities sector average of 23.47x — a premium of 4%. The price-to-book ratio stands at 1.26x, versus the sector average of 1.98x. The price-to-sales ratio is 1.87x, compared to 0.82x for the average Utilities stock. On an enterprise value basis, AVA trades at 11.77x EV/EBITDA, versus 4.75x for the sector.
Based on these multiples, AVISTA CORP appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
AVISTA CORP Profitability — ROE, Margins, and Quality Score
AVISTA CORP (AVA) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 5.2%, compared to the Utilities sector average of 9.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.7% versus the sector average of 3.1%.
On a margin basis, AVISTA CORP reports gross margins of 40.0%, compared to 53.1% for the sector. The operating margin is 15.4% (sector: 21.5%). Net profit margin stands at 7.0%, versus 12.8% for the average Utilities stock. Revenue growth is running at 0.2% on a trailing basis, compared to 20.1% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
AVA Debt, Balance Sheet, and Financial Health
AVISTA CORP has a debt-to-equity ratio of 209.0%, compared to the Utilities sector average of 164.5%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.83x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $3.09B. Cash and equivalents stand at $44M.
AVA has a beta of 0.07, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for AVISTA CORP is 94/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
AVISTA CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, AVISTA CORP reported revenue of $1.82B and earnings per share (EPS) of $2.38. Net income for the quarter was $140M. Gross margin was 40.0%. Operating income came in at $291M.
In FY 2025, AVISTA CORP reported revenue of $1.96B and earnings per share (EPS) of $2.38. Net income for the quarter was $193M. Revenue grew 1.3% year-over-year compared to FY 2024. Operating income came in at $354M.
In Q3 2025, AVISTA CORP reported revenue of $403M and earnings per share (EPS) of $0.36. Net income for the quarter was $29M. Revenue grew 2.4% year-over-year compared to Q3 2024. Operating income came in at $60M.
In Q2 2025, AVISTA CORP reported revenue of $411M and earnings per share (EPS) of $0.17. Net income for the quarter was $14M. Revenue grew 2.2% year-over-year compared to Q2 2024. Operating income came in at $57M.
Over the past 8 quarters, AVISTA CORP has demonstrated a growth trajectory, with revenue expanding from $402M to $1.82B. Investors analyzing AVA stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
AVA Dividend Yield and Income Analysis
AVISTA CORP (AVA) does not currently pay a dividend. This is common among smaller companies in the Utilities industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Utilities dividend stocks may want to explore other Utilities stocks or use the stock screener to filter by dividend yield.
AVA Momentum and Technical Analysis Profile
AVISTA CORP (AVA) has a momentum factor score of 45/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 10/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
AVA vs Competitors — Utilities Sector Ranking and Peer Comparison
Within the Utilities sector, AVISTA CORP (AVA) ranks #61 out of 112 stocks based on the Blank Capital composite score. This places AVA in the lower half of all Utilities stocks in our coverage universe. Key competitors and sector peers include Energy Transfer LP (ET) with a score of 52.6/100, Southwest Gas Holdings, Inc. (SWX) with a score of 54.8/100, NEXTERA ENERGY INC (NEE) with a score of 51.6/100, EDISON INTERNATIONAL (EIX) with a score of 53.0/100, and TC ENERGY CORP (TRP) with a score of 53.1/100.
Comparing AVA against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AVA vs S&P 500 (SPY) comparison to assess how AVISTA CORP stacks up against the broader market across all factor dimensions.
AVA Next Earnings Date
No upcoming earnings date has been announced for AVISTA CORP (AVA) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy AVA? — Investment Thesis Summary
AVISTA CORP presents a balanced picture with arguments on both sides. The value score of 71/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 94/100) reduces downside risk.
In summary, AVISTA CORP (AVA) earns a Hold rating with a composite score of 50.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AVA stock.
Related Resources for AVA Investors
Explore more research and tools: AVA vs S&P 500 comparison, top Utilities stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare AVA head-to-head with peers: AVA vs ET, AVA vs SWX, AVA vs NEE.