One data center project ‘unchanged' while another ‘doesn't make sense' after rejected incentives [Yahoo! Finance]
Otter Tail Corporation (OTTR)
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Source: Yahoo! Finance
One company plans to pause its project but another company's plan is “unchanged” after South Dakota lawmakers rejected incentives for large data centers. Applied Digital has been courting South Dakota lawmakers and residents of Deuel County in far eastern South Dakota for years. The company planned to build a $5 billion, 430-megawatt data center campus near the small town of Toronto. The company believes South Dakota is a prime location for data centers because of its wind energy, its abundance of electrical power, and the potential for its cool climate to help data centers save on cooling costs. The Deuel County site is near Otter Tail Power's transmission lines and a natural gas-fired generation plant in Astoria. Vice President of Applied Digital Nick Phillips said the project “doesn't make sense at this time” given lawmakers' rejection of tax incentives during the recently concluded legislative session. The company's agreement on the land near Toronto is up for renewal soon,
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- Is Otter Tail Corporation (OTTR) A Good Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance
- Your rising power bill is fueling some sweet, sweet profits for Minnesota utilities [Yahoo! Finance]Yahoo! Finance
- Otter Tail Power Company Completes Rate Review in South Dakota [Yahoo! Finance]Yahoo! Finance
- Otter Tail Power Company Completes Rate Review in South DakotaBusiness Wire
- Otter Tail (OTTR) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "buy (b)" to "hold (c+)".MarketBeat
OTTR
Earnings
- 2/16/26 - Beat
OTTR
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/23/26 - Form 8-K
- 3/2/26 - Form ARS
- OTTR's page on the SEC website