OTTR - Otter Tail Corporation: A Defensive Opportunity At A Discount
- Otter Tail reported third quarter results on November 2nd. Revenue in two of its three business segments increased year-over-year. Earnings improved notably in all three segments.
- Cap-ex plans for 2020 were to set records. Otter Tail has managed to stay on budget and on track with these capital projects. These projects support its rate base growth.
- The company updated 2020 full-year earnings guidance with its third quarter results. The range had been lowered in response to the pandemic. At the midpoint, it now exceeds original guidance.
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Otter Tail Corporation: A Defensive Opportunity At A Discount