OTTR - Otter Tail Corporation: An Interesting Utility That Could Struggle Despite Its Potential
- Otter Tail is a unique utility due to having about 25% of its earnings coming from manufacturing industrial parts.
- The company is very heavily focused on developing renewables and expects to have more than a third of its power come from these by 2022.
- The promise for renewables is quite strong as they will likely see greater demand growth than any other source of energy going forward.
- The manufacturing arm could hold the company back due to its dependence on fracking components.
- The company will probably underperform its peers due to the manufacturing arm.
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Otter Tail Corporation: An Interesting Utility That Could Struggle Despite Its Potential