Otter Tail Corporation is a diversified energy company based in the United States. The company was founded in 1907 and is headquartered in Fergus Falls, Minnesota. It initially began as a regional electric utility providing power to rural communities in the region. Over the years, Otter Tail Corporation has expanded its operations and diversified its business segments. It is listed on the NASDAQ stock exchange under the ticker symbol "OTTR."
The company operates through several subsidiaries, each focused on different areas of the energy sector. These subsidiaries include Otter Tail Power Company, a regulated electric utility serving approximately 132,000 customers in Minnesota, North Dakota, and South Dakota. Otter Tail Corporation also has interests in manufacturing, construction, and plastics businesses.
The company has been actively investing in renewable energy sources, including wind and hydroelectric power. This reflects its dedication to environmental sustainability and reducing its carbon footprint.
In addition to its energy-related operations, Otter Tail Corporation also has subsidiaries involved in manufacturing products for the aerospace, medical, and plastics industries. These subsidiaries provide products and services such as aerospace components, medical devices, and plastic molding solutions.