Otter Tail's 1,400 MW Pipeline Signals Data-Center Demand
OTTR sits 26% above its 52-week low of $74.15.
Summary
Otter Tail's phase-one large-load pipeline has grown to ~1,400 MW, with an additional 350 MW in the works. About 35% of that demand is tied to data centers, and tariffs have been filed in Minnesota, North Dakota, and South Dakota. This follows the Q2 report that included a $103.5M legal charge and adjusted EPS of $1.66. The pipeline details are new and point to a material growth driver beyond the one-time legal noise.
At the time of this announcement, OTTR was trading at $93.79 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $74.15 to $95.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.