Otter Tail Corporation - Common Stock (OTTR)
Frequently Asked Questions About Otter Tail Corporation - Common Stock (OTTR)
How does Otter Tail Corporation contribute to sustainability?
Otter Tail Corporation is committed to sustainability through its efforts in renewable energy production, energy efficiency initiatives, and reducing its carbon footprint. The company aims to source a significant portion of its energy from renewable sources such as wind and solar, while also implementing programs to promote energy conservation among its customers.
How does Otter Tail Corporation engage with its community?
Otter Tail Corporation actively engages with its community through various initiatives aimed at supporting local development, education, and environmental stewardship. The company often participates in charitable activities, sponsorships, and volunteer programs, reinforcing its commitment to making a positive impact in the areas it serves.
How does Otter Tail Corporation handle customer service?
Otter Tail Corporation is dedicated to providing excellent customer service through various channels, including online support, customer service representatives, and community outreach programs. The company prioritizes transparency, responsiveness, and effective communication to address customer needs and resolve issues efficiently.
How does Otter Tail Corporation support its employees?
Otter Tail Corporation supports its employees through various programs designed to foster professional growth, work-life balance, and health and wellness. The company promotes a positive corporate culture, offers competitive benefits packages, and invests in employee development initiatives to enhance knowledge and skills.
Is Otter Tail Corporation publicly traded?
Yes, Otter Tail Corporation is publicly traded on the NASDAQ stock exchange under the ticker symbol 'OTTR'. The company's shares are available for purchase by individual and institutional investors, providing a way for the public to invest in its diversified business operations.
What are the growth prospects for Otter Tail Corporation?
Otter Tail Corporation's growth prospects appear promising due to its strategic investments in renewable energy, expansions in its Plastics and Infrastructure segments, and efforts to improve operational efficiencies. The increasing demand for sustainable energy solutions and infrastructure services positions the company well for future growth in a transitioning economy.
What are the main segments of Otter Tail Corporation?
Otter Tail Corporation operates through three main segments: Electric, which involves the generation and distribution of electricity to customers, mainly in Minnesota; Plastics, which focuses on manufacturing plastic products used across various sectors; and Infrastructure, which encompasses construction and services for utilities, including water and wastewater treatment, telecommunications, and more.
What does Otter Tail Corporation do?
Otter Tail Corporation is a diversified holding company based in the United States, primarily engaged in the generation and distribution of electric power, as well as manufacturing and infrastructure services. The company operates through various segments, including Electric, Plastics, and Infrastructure, providing reliable energy solutions and products across multiple industries while also focusing on sustainability and community engagement.
What investments has Otter Tail Corporation made in renewable energy?
Otter Tail Corporation has made significant investments in renewable energy projects, focusing on wind and solar power generation. These investments align with the company's commitment to sustainable energy practices, ultimately reducing reliance on fossil fuels while providing cleaner energy alternatives to its customers.
What is Otter Tail Corporation's approach to risk management?
Otter Tail Corporation employs a comprehensive risk management framework to identify, assess, and mitigate potential risks across its business operations. This includes strategic planning, adherence to regulatory compliance, financial controls, and proactive responses to market changes, ensuring the company's stability and long-term resilience.
What is the history of Otter Tail Corporation's electric utility services?
The history of Otter Tail Corporation's electric utility services dates back to its founding in 1907 when it began providing electricity to rural areas. Over the years, the company has evolved its energy generation portfolio, investing in modern facilities and technologies that meet regulatory standards and cater to the growing demands of customers.
What is the market capitalization of Otter Tail Corporation?
The market capitalization of Otter Tail Corporation fluctuates with stock market conditions. As of October 2023, it is advisable to check financial news or a stock market platform for the latest information regarding the company's market cap, which reflects its total equity value based on current stock prices.
What is the primary source of revenue for Otter Tail Corporation?
The primary source of revenue for Otter Tail Corporation comes from its Electric segment, which generates and supplies electricity to residential, commercial, and industrial customers in Minnesota and parts of North Dakota. Additionally, the Plastics and Infrastructure segments contribute to overall revenue through various manufacturing and construction projects.
What is the stock performance history of Otter Tail Corporation?
The stock performance history of Otter Tail Corporation reflects its resilience and growth in various market conditions. The stock has experienced fluctuations due to industry trends, economic changes, and company-specific developments. Investors can review historical performance data and stock charts for a comprehensive understanding of its market trajectory.
What regulatory challenges does Otter Tail Corporation face?
Otter Tail Corporation faces various regulatory challenges, including compliance with federal and state regulations regarding energy generation, environmental standards, and utility pricing. Navigating these regulations is crucial for the company to ensure operational reliability, meet sustainability goals, and maintain customer satisfaction.
What role does technology play in Otter Tail Corporation's operations?
Technology plays a significant role in Otter Tail Corporation's operations, enhancing efficiency in energy generation, distribution management, and customer service. The company utilizes advanced systems for grid management, renewable energy integration, and data analytics, which help optimize performance and improve service delivery.
When was Otter Tail Corporation founded?
Otter Tail Corporation was originally founded in 1907 as a regional electric utility company. Over the years, it has diversified its operations, expanding into various sectors, including plastics and infrastructure services, enabling the company to adapt and grow with changing market demands.
Where is Otter Tail Corporation headquartered?
Otter Tail Corporation is headquartered in Fergus Falls, Minnesota. The company's location allows it to effectively serve its regional customer base while also contributing to the local economy and community development.
Who are the key executives of Otter Tail Corporation?
Otter Tail Corporation's key executives include the Chief Executive Officer, Chief Financial Officer, and other senior leaders who oversee various business segments and functions. Their collective expertise guides the company's strategic initiatives and operational performance, ensuring long-term growth and shareholder value.
What is the current price of Otter Tail Corporation - Common Stock?
The current price of Otter Tail Corporation - Common Stock is 80.90
When was Otter Tail Corporation - Common Stock last traded?
The last trade of Otter Tail Corporation - Common Stock was at 10:00 am EDT on April 3rd, 2025
What is the market capitalization of Otter Tail Corporation - Common Stock?
The market capitalization of Otter Tail Corporation - Common Stock is 3.36B
How many shares of Otter Tail Corporation - Common Stock are outstanding?
Otter Tail Corporation - Common Stock has 41.54M shares outstanding.