Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%

Low stock price volatility
Vol 12M is 22%

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Water Infrastructure. Themes include Solar Energy Generation, Wind Energy Development, Show more.

Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -60%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.6%

Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.7

Key risks
OTTR key risks include [1] regulatory and operational challenges to its significant capital investment strategy in its Electric segment and [2] earnings volatility from the cyclical nature of its non-utility Manufacturing and Plastics segments.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%
2 Low stock price volatility
Vol 12M is 22%
3 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Water Infrastructure. Themes include Solar Energy Generation, Wind Energy Development, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -60%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.6%
7 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.7
8 Key risks
OTTR key risks include [1] regulatory and operational challenges to its significant capital investment strategy in its Electric segment and [2] earnings volatility from the cyclical nature of its non-utility Manufacturing and Plastics segments.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Otter Tail (OTTR) stock has remained largely at the same level since 1/31/2026 because of the following key factors:

1. Balanced Earnings Performance and Reaffirmed 2026 Guidance.

Otter Tail's stock movement remained largely stable due to its consistent earnings performance and reaffirmed financial outlook. The company reported Fourth Quarter 2025 earnings on February 17, 2026, with an EPS of $1.23, surpassing the consensus estimate of $1.16 by $0.07. Revenue for the quarter was $308.10 million, slightly below the estimated $311.15 million. Subsequently, for the First Quarter of 2026, announced on May 4, 2026, Otter Tail reported a diluted EPS of $1.73 and affirmed its 2026 diluted earnings per share guidance range of $5.22 to $5.62. This pattern of meeting or exceeding EPS expectations and providing stable forward guidance likely instilled investor confidence, contributing to the stock's steady valuation.

2. Mixed Analyst Sentiment and Price Targets.

The stock's stability was also influenced by a divided sentiment among analysts, resulting in a neutral consensus. As of late April/early May 2026, the consensus rating for Otter Tail was "Hold," with an average price target of $86.50, ranging from $83.00 to $90.00. While some analysts, such as Maxim Group and KeyBanc, reiterated "Hold" ratings in February 2026, citing factors like plastics headwinds and a projected decline in 2026 earnings offsetting utility growth, others, like Zacks, upgraded the stock to "Buy" on April 1, 2026. This mix of ratings and price targets, indicating both limited upside and positive re-evaluations, likely led to a balanced trading environment for the stock.

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Stock Movement Drivers

Fundamental Drivers

The -1.8% change in OTTR stock from 1/31/2026 to 5/20/2026 was primarily driven by a -2.3% change in the company's P/E Multiple.
(LTM values as of)13120265202026Change
Stock Price ($)88.0086.39-1.8%
Change Contribution By: 
Total Revenues ($ Mil)1,2991,3141.1%
Net Income Margin (%)21.5%21.3%-0.6%
P/E Multiple13.212.9-2.3%
Shares Outstanding (Mil)4242-0.1%
Cumulative Contribution-1.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/20/2026
ReturnCorrelation
OTTR-1.8% 
Market (SPY)7.4%14.7%
Sector (XLU)3.6%44.1%

Fundamental Drivers

The 14.1% change in OTTR stock from 10/31/2025 to 5/20/2026 was primarily driven by a 16.5% change in the company's P/E Multiple.
(LTM values as of)103120255202026Change
Stock Price ($)75.7586.3914.1%
Change Contribution By: 
Total Revenues ($ Mil)1,3121,3140.2%
Net Income Margin (%)21.8%21.3%-2.2%
P/E Multiple11.112.916.5%
Shares Outstanding (Mil)4242-0.1%
Cumulative Contribution14.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/20/2026
ReturnCorrelation
OTTR14.1% 
Market (SPY)9.3%7.3%
Sector (XLU)1.4%35.5%

Fundamental Drivers

The 12.4% change in OTTR stock from 4/30/2025 to 5/20/2026 was primarily driven by a 21.2% change in the company's P/E Multiple.
(LTM values as of)43020255202026Change
Stock Price ($)76.8486.3912.4%
Change Contribution By: 
Total Revenues ($ Mil)1,3311,314-1.3%
Net Income Margin (%)22.7%21.3%-5.9%
P/E Multiple10.612.921.2%
Shares Outstanding (Mil)4242-0.2%
Cumulative Contribution12.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/20/2026
ReturnCorrelation
OTTR12.4% 
Market (SPY)35.2%23.4%
Sector (XLU)16.0%30.2%

Fundamental Drivers

The 29.6% change in OTTR stock from 4/30/2023 to 5/20/2026 was primarily driven by a 32.4% change in the company's P/E Multiple.
(LTM values as of)43020235202026Change
Stock Price ($)66.6486.3929.6%
Change Contribution By: 
Total Revenues ($ Mil)1,4601,314-10.0%
Net Income Margin (%)19.5%21.3%9.7%
P/E Multiple9.812.932.4%
Shares Outstanding (Mil)4242-0.7%
Cumulative Contribution29.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/20/2026
ReturnCorrelation
OTTR29.6% 
Market (SPY)85.2%29.9%
Sector (XLU)41.5%31.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OTTR Return73%-16%48%-11%12%9%134%
Peers Return21%6%-12%21%17%10%77%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
OTTR Win Rate92%50%75%50%50%60% 
Peers Win Rate63%48%47%57%63%60% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
OTTR Max Drawdown-9%-35%-24%-26%-13%-6% 
Peers Max Drawdown-14%-21%-27%-12%-15%-12% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BKH, IDA, NWE, MGEE, VMI. See OTTR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/20/2026 (YTD)

How Low Can It Go

EventOTTRS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.8%-9.5%
  % Gain to Breakeven20.1%10.5%
  Time to Breakeven50 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-16.2%-24.5%
  % Gain to Breakeven19.3%32.4%
  Time to Breakeven38 days427 days
2020 COVID-19 Crash
  % Loss-40.9%-33.7%
  % Gain to Breakeven69.3%50.9%
  Time to Breakeven507 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-10.3%-12.2%
  % Gain to Breakeven11.5%13.9%
  Time to Breakeven51 days62 days
2013 Taper Tantrum
  % Loss-11.7%-0.2%
  % Gain to Breakeven13.2%0.2%
  Time to Breakeven49 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-17.4%-17.9%
  % Gain to Breakeven21.1%21.8%
  Time to Breakeven58 days123 days

Compare to BKH, IDA, NWE, MGEE, VMI

In The Past

Otter Tail's stock fell -8.1% during the 2025 US Tariff Shock. Such a loss loss requires a 8.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventOTTRS&P 500
2020 COVID-19 Crash
  % Loss-40.9%-33.7%
  % Gain to Breakeven69.3%50.9%
  Time to Breakeven507 days140 days
2008-2009 Global Financial Crisis
  % Loss-57.0%-53.4%
  % Gain to Breakeven132.3%114.4%
  Time to Breakeven1552 days1085 days

Compare to BKH, IDA, NWE, MGEE, VMI

In The Past

Otter Tail's stock fell -8.1% during the 2025 US Tariff Shock. Such a loss loss requires a 8.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Otter Tail (OTTR)

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately 133,000 residential, industrial, and other commercial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components, and extruded raw material stock for recreational vehicle, agricultural, construction, lawn and garden, and industrial and energy equipment industries. It also manufactures clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

AI Analysis | Feedback

Here are a couple of analogies for Otter Tail:

  1. Think of Otter Tail as a regional electric utility, similar to a smaller Xcel Energy, that also operates a portfolio of industrial businesses manufacturing plastic pipes and specialized components.

  2. Imagine a diversified industrial manufacturer, similar to certain business units within a company like 3M, that also owns and operates its own regional electric utility.

AI Analysis | Feedback

  • Electric Utility Services: Provides generation, transmission, distribution, and sale of electric energy.
  • Contract Machining: Offers custom machining services for various industrial components.
  • Metal Parts Fabrication: Specializes in stamping, fabrication, and painting of metal components.
  • Plastic Thermoformed Products: Manufactures horticultural containers, industrial packaging, material handling components, and specialized packaging like clamshells and blister packs.
  • Extruded Raw Material Stock: Produces extruded plastic stock materials for recreational vehicle, agricultural, and industrial equipment industries.
  • PVC Pipes: Manufactures polyvinyl chloride pipes for municipal, rural water, wastewater, and storm drainage systems.

AI Analysis | Feedback

Otter Tail Corporation (OTTR) serves a diverse customer base across its Electric Utility, Manufacturing, and Plastics segments. While its Electric segment serves individuals, its Manufacturing and Plastics segments primarily serve other businesses and governmental entities. Since specific major customer company names are not provided in the description, the customers are best described by category.

The company's major customer categories include:

  1. Residential Customers: Individuals who purchase electric energy for their homes in Minnesota, North Dakota, and South Dakota through the Electric segment.
  2. Commercial and Industrial Businesses: This broad category encompasses a wide range of business customers. For the Electric segment, it includes industrial and other commercial customers consuming electricity. For the Manufacturing segment, it includes companies in industries such as recreational vehicle, agricultural, construction, lawn and garden, industrial and energy equipment, horticulture, medical and life sciences, recreation, and electronics. For the Plastics segment, it includes wholesalers and distributors of polyvinyl chloride pipes.
  3. Municipal and Rural Utilities/Entities: For the Plastics segment, this includes customers involved with municipal water, rural water, wastewater, storm drainage, and water reclamation systems, which utilize the company's polyvinyl chloride pipes.

AI Analysis | Feedback

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Charles S. MacFarlane, President and Chief Executive Officer

Charles S. MacFarlane was named President and Chief Executive Officer of Otter Tail Corporation on April 13, 2015. Before this role, he served as the corporation's President and Chief Operating Officer for a year. From 2003 and 2007, respectively, he held the positions of President and Chief Executive Officer of Otter Tail Power Company, the electric utility subsidiary. He joined Otter Tail Power Company in 2001 as Director of Financial Analysis and Planning and previously worked for Xcel Energy.

Todd R. Wahlund, Chief Financial Officer and Vice President

Todd R. Wahlund assumed the role of Vice President and Chief Financial Officer of Otter Tail Corporation effective January 1, 2024. For five years prior, he served as the Chief Financial Officer and Vice President, Finance, at Otter Tail Power Company. His career at Otter Tail Corporation also includes roles as Vice President of Financial Planning and Treasurer (2017) and Vice President of Finance, Planning and Mergers and Acquisitions (2012). He began his career with Otter Tail Power Company in 1992 as a General Accountant and progressed through various leadership positions within the company, including Manager of Financial Analysis, Manager of Business Planning, Director of Risk Management and Business Planning, Vice President of Renewable Energy Development and Risk Management, and Vice President of Renewables and Power Services.

Timothy J. Rogelstad, Senior Vice President, Electric Platform; President, Otter Tail Power Company

Timothy J. Rogelstad is responsible for the operations of Otter Tail Power Company. He joined Otter Tail Power Company in 1989 as an Engineer in the System Engineering Department and has held positions such as Supervisor of Transmission Planning and Manager of Delivery Planning.

John S. Abbott, Senior Vice President, Manufacturing Platform; President, Varistar

John S. Abbott became President of Varistar, the entity supporting Otter Tail Corporation's manufacturing portfolio, in February 2015. Prior to joining Otter Tail Corporation, he served as an officer and president of a group of restaurant equipment companies at Standex International. He possesses more than 30 years of experience in sales, marketing, and operating, with over 15 years in president or group president roles within manufacturing-based companies, including acquisition and integration experience.

Jennifer O. Smestad, Senior Vice President, General Counsel, and Corporate Secretary

Jennifer O. Smestad serves as the Senior Vice President, General Counsel, and Corporate Secretary for Otter Tail Corporation.

AI Analysis | Feedback

Here are the key risks to Otter Tail Corporation's business:

1. Regulatory and Environmental Risks in the Electric Segment

Otter Tail Corporation's Electric segment operates within a heavily regulated environment, exposing it to significant regulatory and environmental risks. These risks include challenges in obtaining timely and adequate rate recovery, which could impede the company's ability to recover investments or earn expected returns. Additionally, the company faces evolving environmental regulations, including compliance with greenhouse gas emissions rules and the adoption of new technologies for the transition to low-carbon energy sources. Delays and resistance on transmission projects due to siting challenges from landowners and local governments further introduce uncertainty around planned grid investments. Adverse regulatory decisions could materially impact future financial results and share value.

2. Volatile Market Conditions and Raw Material Costs in the Plastics Segment

The Plastics segment is highly susceptible to market risks, including fluctuations in demand and pricing for its products, particularly polyvinyl chloride (PVC) resin, which serves as a key raw material. Recent periods saw elevated earnings for the Plastics segment due to favorable market conditions and high PVC pipe prices; however, these conditions are normalizing, leading to projected sharp declines in earnings for this segment. The company has reported that rising raw material costs have generally impacted profitability. This volatility and dependence on PVC resin prices significantly influence the company's overall consolidated earnings per share.

3. Large Capital Investments and Associated Operational Risks

Otter Tail Corporation's strategy involves substantial capital investments, particularly within its Electric segment, to support initiatives like renewable energy projects, battery storage, and transmission infrastructure. These large investments are subject to various operational risks, including regulatory changes, commodity pricing fluctuations, and potential construction delays. Furthermore, the company faces risks of underutilized investments, delays in rate recovery, and volatile revenue streams influenced by factors such as rising interest rates, slow demographic growth, and uncertainty in electricity demand. Operational inefficiencies and declining cash flow have also been noted as challenges impacting profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

Here are the addressable market sizes for Otter Tail Corporation's main products and services:

  • Electric Utility Services: Otter Tail Corporation's Electric segment operates as a regulated utility, producing, transmitting, distributing, and selling electric energy in parts of Minnesota, North Dakota, and South Dakota. The addressable market for a regulated electric utility is generally defined by its service territory and customer base rather than a single overall market size in dollars. For context, North Dakota's total retail electricity sales were approximately $2.36 billion in 2024. In Minnesota, the average retail price of electricity was 12.04 cents per kilowatt-hour in 2025.
  • Manufacturing Segment (Metal Fabrication): This segment engages in contract machining, metal parts stamping, fabrication, and painting. The addressable market for these services is the broader metal fabrication and forming industry. The U.S. metal fabrication market was valued at US$362.4 billion in 2020 and is projected to surpass US$473.7 billion by 2031. Separately, the U.S. metal forming industry generated approximately $340.0 billion in revenue in 2022. The market size for this product category is for the U.S. region.
  • Manufacturing Segment (Plastic Thermoformed Products/Packaging): This includes plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components. The North America thermoforming plastic market was valued at USD 15.21 billion and is anticipated to reach USD 23.05 billion by 2031. This market size is for the North America region.
  • Plastics Segment (PVC Pipes): This segment manufactures polyvinyl chloride (PVC) pipes for various uses, including municipal water and wastewater systems. The market size for plastic pipe in the U.S. was $21 billion in 2023. This market size is for the U.S. region.

AI Analysis | Feedback

Otter Tail Corporation (OTTR) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors across its diversified business segments.

One primary driver is the company's significant Electric Utility Rate Base Growth and Strategic Investments in Renewable Energy. Otter Tail Power Company has outlined a robust five-year capital spending plan, totaling approximately $1.9 billion, which is projected to achieve a 10% compounded annual growth rate in its electric utility rate base through 2030. These investments are focused on developing generation, storage, and transmission projects, including wind repowering, solar installations, and battery storage, which are expected to directly translate into electric segment revenue growth.

Another significant driver is the realization of Favorable Outcomes from Electric Utility Rate Cases. The company anticipates meaningful revenue increases from recent and pending rate cases in its service territories. For instance, an approved rate case in South Dakota is expected to add $5.7 million in annual revenue, while a pending case in Minnesota could contribute an additional $44.8 million, with interim increases already boosting 2026 revenue. These rate adjustments are crucial for the regulated utility segment to recover investments and operating costs, thereby increasing revenue.

The Increased Sales Volumes in the Plastics Segment due to Capacity Expansion is also poised to contribute to revenue growth. Despite expected declines in average PVC pipe prices, the company projects higher sales volumes driven by the phase two capacity expansion at its Vinyltech facility, which came online in early 2026. The Plastics segment saw an 8% increase in volumes in Q4 2025 due to expanded capacity in late 2024, indicating a positive trend for volume-driven revenue.

Finally, Volume Recovery and Improved Product Mix within the Manufacturing Segment are expected to drive revenue. Following a period of soft end-market demand, Otter Tail's Manufacturing segment experienced a pickup in customer order activity towards the end of 2025. For 2026, the company anticipates a 7% earnings growth in this segment, fueled by modest volume recovery and higher volumes in BTD and horticulture products, along with productivity improvements. This recovery in demand and a more favorable product mix will directly impact manufacturing revenue.

AI Analysis | Feedback

Share Repurchases

  • There is no readily available information on significant share repurchases over the last 3-5 years; the last twelve months (LTM) up to December 2025 showed null activity for stock repurchases.

Share Issuance

  • Shares outstanding increased slightly by 0.1% from Q3 2025 to Q4 2025, with 42 million shares outstanding in Q4 2025.

Capital Expenditures

  • Otter Tail Corporation's five-year capital expenditure plan totals $2.05 billion from 2026 to 2030, with $1.92 billion allocated to the electric segment and $129 million to manufacturing and plastics.
  • These capital expenditures primarily focus on investments in renewable energy and transmission projects, including wind repowering, solar installations, and battery storage, aimed at enhancing the safety and reliability of electric services and supporting rate base growth.
  • In 2024, the company's capital expenditures amounted to $358.7 million, which also encompassed the completion of the first phase of the Vinyltech expansion project in the Plastics segment to boost large-diameter PVC pipe production capability.

Better Bets vs. Otter Tail (OTTR)

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CTRI_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V212122025CTRICenturiInsiderInsider Buys | Low D/EStrong Insider Buying
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PEG_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025PEGPublic Service EnterpriseMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
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OTTR_3312023_Quality_Momentum_RoomToRun_10%03312023OTTROtter TailQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
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OTTR_9302022_Quality_Momentum_RoomToRun_10%09302022OTTROtter TailQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

OTTRBKHIDANWEMGEEVMIMedian
NameOtter Ta.Black Hi.Idacorp NorthWes.MGE Ener.Valmont . 
Mkt Price86.3973.84141.5571.5475.82503.3681.10
Mkt Cap3.65.67.84.42.89.85.0
Rev LTM1,3142,2851,7841,6417674,1641,713
Op Inc LTM347534380315171550364
FCF LTM2-312-796-148-131346-139
FCF 3Y Avg79-28-474-128-18362-23
CFO LTM417622553400266495456
CFO 3Y Avg419728543412268473446

Growth & Margins

OTTRBKHIDANWEMGEEVMIMedian
NameOtter Ta.Black Hi.Idacorp NorthWes.MGE Ener.Valmont . 
Rev Chg LTM-0.5%3.6%-1.4%9.1%8.9%2.4%3.0%
Rev Chg 3Y Avg-2.6%-4.2%1.1%2.4%2.3%-1.9%-0.4%
Rev Chg Q2.9%-3.0%-6.7%6.6%10.8%6.2%4.5%
QoQ Delta Rev Chg LTM0.7%-1.1%-1.6%1.9%3.2%1.5%1.1%
Op Inc Chg LTM-6.1%3.8%14.1%-8.9%7.9%5.4%4.6%
Op Inc Chg 3Y Avg-2.2%5.4%5.1%4.5%7.9%6.4%5.2%
Op Mgn LTM26.4%23.4%21.3%19.2%22.3%13.2%21.8%
Op Mgn 3Y Avg27.8%23.2%18.7%21.1%22.3%12.6%21.7%
QoQ Delta Op Mgn LTM-0.1%0.1%1.8%-1.0%-0.7%0.5%0.0%
CFO/Rev LTM31.8%27.2%31.0%24.4%34.7%11.9%29.1%
CFO/Rev 3Y Avg31.5%33.1%30.3%27.1%37.7%11.5%30.9%
FCF/Rev LTM0.1%-13.7%-44.6%-9.0%-17.0%8.3%-11.3%
FCF/Rev 3Y Avg5.9%-1.0%-26.5%-8.3%-1.9%8.8%-1.4%

Valuation

OTTRBKHIDANWEMGEEVMIMedian
NameOtter Ta.Black Hi.Idacorp NorthWes.MGE Ener.Valmont . 
Mkt Cap3.65.67.84.42.89.85.0
P/S2.82.44.42.73.62.42.7
P/Op Inc10.410.420.513.916.217.815.1
P/EBIT9.810.215.413.513.922.013.7
P/E12.919.323.526.219.429.821.5
P/CFO8.79.014.111.010.419.810.7
Total Yield10.2%8.8%6.7%7.5%7.6%3.6%7.6%
Dividend Yield2.5%3.6%2.4%3.7%2.5%0.3%2.5%
FCF Yield 3Y Avg2.2%0.1%-7.2%-3.6%-0.7%6.1%-0.3%
D/E0.30.80.50.80.30.10.4
Net D/E0.20.80.50.80.30.10.4

Returns

OTTRBKHIDANWEMGEEVMIMedian
NameOtter Ta.Black Hi.Idacorp NorthWes.MGE Ener.Valmont . 
1M Rtn-0.4%-1.4%-2.3%-1.1%-3.2%22.8%-1.2%
3M Rtn0.2%2.0%0.5%5.6%-4.7%10.8%1.2%
6M Rtn7.1%8.0%13.6%11.7%-5.1%29.1%9.8%
12M Rtn12.1%29.6%23.9%32.8%-15.8%58.4%26.7%
3Y Rtn21.8%33.6%46.1%42.0%6.6%81.4%37.8%
1M Excs Rtn-5.5%-3.8%-6.7%-3.7%-8.8%4.5%-4.7%
3M Excs Rtn-7.9%-6.3%-5.4%-2.9%-13.1%0.4%-5.8%
6M Excs Rtn-4.6%-3.2%0.7%0.5%-18.3%17.9%-1.3%
12M Excs Rtn-13.5%5.7%-0.8%7.6%-41.7%32.4%2.5%
3Y Excs Rtn-59.9%-48.8%-36.1%-39.7%-75.4%-2.2%-44.2%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Electric2,7862,5342,3522,2842,233
Corporate4262931785754
Manufacturing254251246251191
Plastics186164126163100
Total3,6523,2432,9022,7552,578


Price Behavior

Price Behavior
Market Price$86.39 
Market Cap ($ Bil)3.6 
First Trading Date03/26/1990 
Distance from 52W High-5.4% 
   50 Days200 Days
DMA Price$87.48$83.32
DMA Trendupup
Distance from DMA-1.2%3.7%
 3M1YR
Volatility22.6%21.7%
Downside Capture29.9523.71
Upside Capture21.9730.54
Correlation (SPY)20.1%20.1%
OTTR Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.370.320.150.080.420.53
Up Beta0.530.430.380.240.560.60
Down Beta-1.970.440.280.060.450.41
Up Capture25%33%8%19%28%23%
Bmk +ve Days15223166141428
Stock +ve Days13233365130376
Down Capture-5%14%-6%-20%37%78%
Bmk -ve Days4183056108321
Stock -ve Days9203159121374

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OTTR
OTTR11.2%21.7%0.40-
Sector ETF (XLU)11.0%14.4%0.5033.0%
Equity (SPY)26.2%12.1%1.6219.8%
Gold (GLD)40.2%26.8%1.240.5%
Commodities (DBC)46.2%18.7%1.89-7.9%
Real Estate (VNQ)11.1%13.4%0.5443.5%
Bitcoin (BTCUSD)-27.4%41.8%-0.6510.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OTTR
OTTR15.2%27.6%0.52-
Sector ETF (XLU)9.6%17.2%0.4143.0%
Equity (SPY)14.1%17.0%0.6535.6%
Gold (GLD)19.5%18.0%0.897.5%
Commodities (DBC)11.1%19.4%0.466.6%
Real Estate (VNQ)4.0%18.8%0.1143.6%
Bitcoin (BTCUSD)9.1%55.6%0.3713.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OTTR
OTTR14.4%29.5%0.51-
Sector ETF (XLU)9.5%19.2%0.4261.2%
Equity (SPY)15.5%17.9%0.7450.0%
Gold (GLD)13.1%16.0%0.687.8%
Commodities (DBC)7.9%17.9%0.3614.3%
Real Estate (VNQ)5.4%20.7%0.2357.4%
Bitcoin (BTCUSD)67.1%66.9%1.0613.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity5.6 Mil
Short Interest: % Change Since 41520262.3%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest18.7 days
Basic Shares Quantity41.9 Mil
Short % of Basic Shares13.3%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-2.0%-2.5% 
2/17/2026-1.7%-3.1%-0.9%
11/4/20255.2%8.6%6.6%
8/5/20256.2%4.7%10.6%
5/6/2025-6.8%-3.4%-4.7%
2/18/20256.1%5.9%7.8%
11/5/20243.8%3.7%2.4%
8/6/2024-2.1%-4.4%-12.0%
...
SUMMARY STATS   
# Positive141717
# Negative1187
Median Positive5.6%5.9%6.6%
Median Negative-2.3%-3.9%-4.7%
Max Positive10.7%16.9%13.6%
Max Negative-9.8%-20.4%-16.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/18/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/19/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/14/202410-K
09/30/202311/03/202310-Q
06/30/202308/02/202310-Q
03/31/202305/03/202310-Q
12/31/202202/15/202310-K
09/30/202211/02/202210-Q
06/30/202208/03/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 EPS5.225.425.620 AffirmedGuidance: 5.42 for 2026
2026 EPS Growth7.0%8.0%9.0%  Higher New
2026 Total Shareholder Return0.10.110.12  Higher New
2026 Electric EPS2.612.652.69  Higher New
2026 Manufacturing EPS0.260.290.32  Higher New
2026 Plastics EPS2.492.62.71  Higher New
2026 Corporate EPS-0.14-0.12-0.1  Lower New

Prior: Q4 2025 Earnings Reported 2/17/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 EPS5.225.425.62-16.2% LoweredGuidance: 6.47 for 2025
2026 Electric Segment Earnings Growth 14.0%    
2026 Manufacturing Segment Earnings Growth 7.0%    
2026 Plastics Segment Earnings Growth -36.0%    
2026 Return on Equity0.120.120.12