Added to YB: 2025-04-30
Pitch date: 2025-03-12
OTTR [bearish]
Otter Tail Corporation
-6.09%
current return
Author Info
No bio for this author
Company Info
Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States.
Market Cap
$3.6B
Pitch Price
$79.24
Price Target
60.00 (-29%)
Dividend
2.45%
EV/EBITDA
8.99
P/E
12.95
EV/Sales
3.28
Sector
Electric Utilities
Category
N/A
Otter Tail Corporation - $OTTR
OTTR short: Muni pipe business earning 4x historical spread, but stock pricing in 2.5-3x historical levels. 15% industry capacity coming online in 2H25 should pressure pricing. Litigation against distributors reduces price support. $60 PT (-25%) via SOTP: 18x PE utilities, 8x EBITDA manufacturing/plastics. Catalyst: 2025 earnings miss.
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