Otter Tail (NASDAQ:OTTR) Stock, Quote.Headers.trade-ideas

Otter Tail

Otter Tail Corp is a U.S. energy company that operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.

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Tempur Sealy Posts Upbeat Earnings, Joins FibroGen, Coca-Cola Consolidated, Fabrinet And Other Big Stocks Moving Higher On Tuesday

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As of Feb. 8, 2024, four stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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Otter Tail Corp

&quot;Despite our strong quarterly financial results within the Manufacturing segment, we continue to face end market demand related headwinds and anticipate conditions to soften further in the second half of 2024. We will continue to take action to manage costs and mitigate the impact of lower sales volumes.&quot; - CEO said.
&quot;Our Plastics segment continues to perform exceptionally well, capitalizing on customer sales volume growth and distributor and end market demand. The sales price of PVC pipe continues to decline but at a slower rate than what we originally anticipated.

Guidance

Citing Continued Strength Within Plastics Segment, Otter Tail Increases FY24 EPS Guidance From $6.23 - $6.53 To $6.77 - $7.07, Est $6.37

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) reported quarterly earnings of $2.07 per share which beat the analyst consensus estimate of $1.70 by 21.76 percent. This is a 6.15 percent increase over earnings of $1.95 per share from the same period last year. The company reported quarterly sales of $342.336 million which missed the analyst consensus estimate of $367.714 million by 6.90 percent. This is a 1.37 percent increase over sales of $337.716 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Otter Tail Q2 2024 GAAP EPS $2.07 Beats $1.70 Estimate, Sales $342.336M Miss $367.714M Estimate

U.S. stocks were higher, with the Dow Jones gaining over 80 points on Tuesday.
Shares of Tempur Sealy International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPX#NYSE">TPX</a>) rose sharply during Tuesday's session <a href="https://www.benzinga.com/quote/TPX/earnings">following upbeat quarterly earnings</a>.
Tempur Sealy reported a first-quarter FY24 sales decline of 1.5% year-on-year to $1.189 billion, missing the analyst consensus estimate of $1.213 billion. Adjusted EPS of 50 cents beat the analyst consensus of 48 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Tempur Sealy International shares gained 6.6% to $53.48 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLDD#NASDAQ">GLDD</a>) shares jumped 31.5% to $9.26 following better-than-expected first-quarter financial results.</li>
<li>Dave Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NYSE">DAVE</a>) rose 25% to $58.20 after the company reported better-than-expected first-quarter financial results and issued FY24 operating revenue.</li>
<li>Thoughtworks Holding, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWKS#NASDAQ">TWKS</a>) climbed 22% to $3.0750 after the company issued strong guidance.</li>
<li>The Real Brokerage Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAX#NASDAQ">REAX</a>) rose 21.5% to $5.07 following strong quarterly sales.</li>
<li>Zeta Global Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NASDAQ">ZETA</a>) shares surged 21% to $15.72 after the company reported better-than-expected first-quarter financial results and increased its second-quarter revenue guidance.</li>
<li>Bandwidth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAND#NASDAQ">BAND</a>) rose 19.2% to $24.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) rose 18.4% to $5.58 following upbeat quarterly results.</li>
<li>Jumia Technologies AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NASDAQ">JMIA</a>) climbed 18.3% to $6.47 after the company reported a year-over-year increase in first-quarter revenue results.</li>
<li>Ambac Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) shares rose 16.5% to $17.64 following better-than-expected first-quarter earnings.</li>
<li>FibroGen, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) climbed 15.5% to $1.34 after the company reported mixed first-quarter financial results.</li>
<li>Sterling Infrastructure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) gained 15.1% to $121.27 after the company reported better-than-expected first-quarter financial results.</li>
<li>Coca-Cola Consolidated, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) rose 14.5% to $981.96 following first-quarter results.</li>
<li>Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) jumped 14% to $215.29 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.</li>
<li>J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>) rose 13.5% to $156.51 following better-than-expected quarterly results.</li>
<li>Artivion, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AORT#NYSE">AORT</a>) rose 13.4% to $23.90 following strong quarterly results.</li>
<li>EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) surged 12.7% to $24.09 after the company reported better-than-expected first quarter financial results and issued second quarter revenue guidance above estimates.</li>
<li>Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) jumped 12.7% to $14.94 following upbeat earnings.</li>
<li>Surgery Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) rose 9.3% to $27.98 following upbeat earnings.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) climbed 9.3% to $8.54.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) rose 8.6% to $137.52 following first quarter financial results.</li>
<li>Symbotic Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>) shares gained 8.1% to $45.33 after the company reported mixed second-quarter financial results.</li>
<li>Mueller Water Products, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) rose 8.3% to $17.92 after the company reported better-than-expected seconc-quarter financial results and announced that Marietta Edmunds Zakas has been appointed Chief Executive Officer.</li>
<li>UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) shares rose 8% to $29.81 after the company posted better-than-expected results for its first quarter.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) gained 7% to $4.7550. Citigroup analyst Yigal Nochomovitz initiated coverage on Summit Therapeutics with a Buy rating and announced a price target of $7.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares rose 6.9% to $12.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Otter Tail Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) jumped 5.9% to $96.00 following first-quarter earnings.</li>
<li>Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) gained 5.3% to $74.17 as the company reported better-than-expected first-quarter financial results and announced a $500 million increase to 2024 share repurchase goal.</li>
<li>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) gained 5.1% to $81.86 following upbeat earnings.</li>
</ul>
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WIIM

Otter Tail shares are trading higher following Q1 earnings.

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) reported quarterly earnings of $1.77 per share which beat the analyst consensus estimate of $1.46 by 21.23 percent. This is a 18.79 percent increase over earnings of $1.49 per share from the same period last year. The company reported quarterly sales of $347.068 million which missed the analyst consensus estimate of $353.663 million by 1.86 percent. This is a 2.36 percent increase over sales of $339.081 million the same period last year.

Otter Tail Q1 2024 GAAP EPS $1.77 Beats $1.46 Estimate, Sales $347.068M Miss $353.663M Estimate

Offerings

Otter Tail Corp Files For Mixed Shelf Offering; Size Not Disclosed

Otter Tail shares are trading lower after the company reported worse-than-expected Q4 revenue results.

Otter Tail Expects 2024 EPS Of $5.13-$5.43 (Est $4.08)

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) reported quarterly earnings of $1.37 per share which beat the analyst consensus estimate of $1.25 by 9.6 percent. This is a 37 percent increase over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $314.31 million which missed the analyst consensus estimate of $319.48 million by 1.62 percent. This is a 4.28 percent increase over sales of $301.41 million the same period last year.

Otter Tail Q4 EPS $1.37 Beats $1.25 Estimate, Sales $314.31M Miss $319.48M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Beasley Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million.
&bull; Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million.
&bull; Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million.
&bull; Alexander&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) is estimated to report earnings for its first quarter.
&bull; Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $203.01 million.
&bull; Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $74.54 million.
&bull; PetVivo Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETV#NASDAQ">PETV</a>) is estimated to report earnings for its third quarter.
&bull; Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) is likely to report quarterly loss at $0.91 per share on revenue of $92.50 million.
&bull; Goodyear Tire &amp; Rubber (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $5.39 billion.
&bull; Electrovaya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) is likely to report earnings for its first quarter.
&bull; 2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $280.67 million.
&bull; Service Corp Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCI#NYSE">SCI</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $1.02 billion.
&bull; Equity Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQC#NYSE">EQC</a>) is projected to report earnings for its fourth quarter.
&bull; Safehold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAFE#NYSE">SAFE</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $85.95 million.
&bull; Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) is projected to report earnings for its fourth quarter.
&bull; Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) is estimated to report earnings for its fourth quarter.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $125.00 million.
&bull; Intercorp Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFS#NYSE">IFS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $419.95 million.
&bull; ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $310.67 million.
&bull; Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $456.79 million.
&bull; Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) is projected to report quarterly earnings at $4.15 per share on revenue of $2.81 billion.
&bull; Investcorp Credit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICMB#NASDAQ">ICMB</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $6.42 million.
&bull; Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $299.05 million.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $141.34 million.
&bull; Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $319.48 million.
&bull; Hudson Pacific Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) is estimated to report earnings for its fourth quarter.
&bull; Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $532.29 million.
&bull; Aspen Aerogels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) is projected to report quarterly loss at $0.12 per share on revenue of $80.86 million.
&bull; Trinseo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSE#NYSE">TSE</a>) is estimated to report quarterly loss at $1.33 per share on revenue of $853.00 million.
&bull; Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) is likely to report quarterly earnings at $3.69 per share on revenue of $2.13 billion.
&bull; Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is expected to report quarterly loss at $0.53 per share on revenue of $450 thousand.
&bull; Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $1.53 billion.
&bull; Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $176.19 million.
&bull; Vornado Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is likely to report earnings for its fourth quarter.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is estimated to report quarterly earnings at $2.22 per share on revenue of $498.71 million.
&bull; James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) is estimated to report earnings for its third quarter.
&bull; Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $3.60 billion.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.33 per share on revenue of $1.06 billion.
&bull; Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is expected to report quarterly earnings at $1.53 per share on revenue of $5.20 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 12, 2024

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-12. Here's what investors need to know before the announcement.
Analysts estimate that Otter Tail will report an earnings per share (EPS) of $1.25. 
Otter Tail bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.57, which was followed by a 10.29% increase in the share price the next day.
Here's a look at Otter Tail's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.62</td>
<td>1.45</td>
<td>1.01</td>
<td>0.84</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.19</td>
<td>1.95</td>
<td>1.49</td>
<td>1</td>
</tr>
<tr>
<td>Price Change %</td>
<td>10.29%</td>
<td>9.59%</td>
<td>6.37%</td>
<td>-4.63%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707487263_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Otter Tail were trading at $95.52 as of February 07. Over the last 52-week period, shares are up 48.92%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/OTTR/earnings">To track all earnings releases for Otter Tail visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Otter Tail

As of Feb. 8, 2024, four stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Korea Electric Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kep#NYSE">KEP</a>)</h3>
<ul>
<li>The company&rsquo;s stock gained around 7% over the past month and has a <a href="https://www.benzinga.com/quote/KEP">52-week high of $8.10 </a>.</li>
<li>RSI Value: 73.44</li>
<li>KEP Price Action: Shares of Korea Electric Power gained 1.7% to close at $7.92 on Wednesday.</li>
</ul>
<h3>Vistra Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vst#NYSE">VST</a>)</h3>
<ul>
<li>On Dec. 12, Vistra priced upsized private offerings of $400 million 6.950% senior secured notes due 2033 and $350 million 7.750% senior unsecured notes due 2031. The company&rsquo;s stock gained around 12% over the past month and <a href="https://www.benzinga.com/quote/VST"> has a 52-week high </a> of $44.96.</li>
<li>RSI Value: 72.90</li>
<li>VST Price Action: Shares of Vistra gained 1.2% to close at $43.76 on Wednesday.</li>
</ul>
<h3>Constellation Energy Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>)</h3>
<ul>
<li>On Dec. 14, Constellation Energy announced the board approved a $1 billion increase to the company&#39;s previously announced $1 billion repurchase program. The company&rsquo;s stock gained around 9% over the past five days and has a <a href="https://www.benzinga.com/quote/CEG"> 52-week high </a> of $133.80.</li>
<li>RSI Value: 73.77</li>
<li>CEG Price Action: Shares of Constellation Energy gained 1.1% to close at $132.50 on Wednesday.</li>
</ul>
<h3>Otter Tail Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ottr#NASDAQ">OTTR</a>)</h3>
<ul>
<li>On Feb. 5, Otter Tail raised its quarterly common stock dividend from 43.75 cents to 46.75 cents per share. The company&rsquo;s stock jumped around 10% over the past month and has a 52-week high is $95.99.</li>
<li>RSI Value: 72.48</li>
<li>OTTR Price Action: Shares of Otter Tail gained 0.7% to close at $94.81 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/36999219/conocophillips-disney-and-3-stocks-to-watch-heading-into-thursday"> ConocoPhillips, Disney And 3 Stocks To Watch Heading Into Thursday </a>

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer says Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>) is &quot;losing too much money&quot; and referred to the semiconductor manufacturer as a &quot;<a href="https://www.benzinga.com/news/earnings/24/01/36877834/wolfspeed-stock-takes-a-hit-after-hours-heres-why">second-rate player.&quot; </a>
The Durham, N.C.-based company reported second-quarter losses of 55 cents per share. It beat the analyst consensus estimate of losses of 66 cents, but marked a 400% decrease over losses of 11 cents per share from last year.
Wolfspeed reported revenue of $208.4 million, beating analyst expectations of $206.36 million, marking a 3.56% decrease over sales of $216.1 million from last year.
Cramer also blamed PureCycle Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) for not making money.
PureCycle recently issued an update for its Ironton production facility. In the last two weeks, it produced 183,000 pounds of pellets, the company claims.
Cramer recommends buying AvalonBay Communities, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avb#NYSE">AVB</a>). &quot;I think AvalonBay right here is done going down, that&rsquo;s a gutsy call by me,&quot; he added.
AvalonBay Communities posted in-line earnings for its fourth quarter.
When asked about Herbalife Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlf#NYSE">HLF</a>), he said, &quot;No, no. We got to step up our game.&quot;
Herbalife appointed Stephan Gratziani as President, effective Jan. 2, 2024.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
The &quot;Mad Money&quot; host recommended buying Otter Tail Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ottr#NASDAQ">OTTR</a>).
Otter Tail raised its quarterly common stock dividend from 43.75 cents to 46.75 cents per share.
Cramer said Liberty Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lbrt#NYSE">LBRT</a>) is a good company and recommended sticking with it. &quot;Very inexpensive stock, don&rsquo;t really get it,&quot; he added.
Liberty Energy recently reported weaker-than-expected results for its fourth quarter.
Cramer recommended buying Palantir Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>).
Palantir Technologies reported better-than-expected <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36958716/palantir-rallies-off-ai-driven-q4-earnings-bull-analyst-sees-off-the-charts-commerc">fourth-quarter results</a>.
<h3>Price Action:</h3>
<ul>
<li>Shares of Palantir jumped 30.8% to close at $21.87 on Tuesday.</li>
<li>Liberty Energy shares rose 1.1% to $19.31 on Tuesday.</li>
<li>Otter Tail shares rose 2.1% to settle at $94.14 during Tuesday&rsquo;s session.</li>
<li>Shares of Herbalife rose 2.2% to close at $11.54 on Tuesday.</li>
<li>AvalonBay Communities shares rose 1.6% to settle at $172.75.</li>
<li>Shares of PureCycle Technologies gained 3.9% to close at $4.78 on Tuesday.</li>
<li>Wolfspeed shares gained 5.6% to settle at $26.70 on Tuesday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/36930849/top-5-consumer-stocks-that-could-blast-off-in-q1"> Top 5 Consumer Stocks That Could Blast Off In Q1 </a> 
Image: Shutterstock

Jim Cramer Says This Real Estate Stock Is 'Done Going Down, That's A Gutsy Call By Me'

The increase brings the annual indicated dividend rate to&nbsp;$1.87&nbsp;per share, a&nbsp;$0.12, or&nbsp;6.9 percent, increase over the 2023 rate.&nbsp;

Dividends

Otter Tail Increases Quarterly Common Stock Dividend From $0.4375 To $0.4675 Per Share.

As of Dec. 28, 2023, three stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Otter Tail Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ottr#NASDAQ">OTTR</a>)</h3>
<ul>
<li>On Oct. 30, Otter Tail posted better-than-expected sales for the third quarter. &quot;Otter Tail Corporation, through the combined efforts of our employees and our diversified business model, delivered record setting quarterly earnings,&quot; said President and CEO Chuck MacFarlane. The company&rsquo;s stock jumped around 17% over the past month and has a <a href="https://www.benzinga.com/quote/OTTR">52-week high of $92.74 </a>.</li>
<li>RSI Value: 75.51</li>
<li>OTTR Price Action: Shares of Otter Tail fell 1.1% to close at $87.35 on Wednesday.</li>
</ul>
<h3>Clearway Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwen#NYSE">CWEN</a>)</h3>
<ul>
<li>On Nov. 2, Clearway Energy reiterated its 2023 full year CAFD outlook of $330 million to $360 million and initiated 2024 CAFD guidance of $395 million. The company&rsquo;s stock gained around 10% over the past month and <a href="https://www.benzinga.com/quote/CWEN"> has a 52-week high </a> of $35.14.</li>
<li>RSI Value: 72.04</li>
<li>CWEN Price Action: Shares of Clearway Energy fell 0.2% to close at $27.64 on Wednesday.</li>
</ul>
<h3>ReNew Energy Global Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnw#NASDAQ">RNW</a>)</h3>
<ul>
<li>On Dec. 4, ReNew Energy Global signed a Memorandum of Understanding with the Asian Development Bank to collaborate on climate change mitigation and adaptation projects covering an investment value of over $5.3 billion between 2023-2028. The company&rsquo;s stock jumped around 23% over the past month and has a <a href="https://www.benzinga.com/quote/RNW"> 52-week high </a> of $7.69.</li>
<li>RSI Value: 73.10</li>
<li>RNW Price Action: Shares of ReNew Energy Global gained 0.7% to close at $7.66 on Wednesday.</li>
</ul>
<h3>Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>)</h3>
<ul>
<li>On Nov. 6, Genie Energy reported a year-over-year increase in third-quarter revenue results and raised FY23 adjusted EBITDA guidance. Michael Stein, chief executive officer of Genie Energy, commented, &quot;Our third quarter results were highlighted by record quarterly revenue and the strong bottom-line performance of our domestic energy supply business.&quot; The company&rsquo;s stock gained around 22% over the past month and has a 52-week high is $30.90.</li>
<li>RSI Value: 71.04</li>
<li>GNE Price Action: Shares of Genie Energy fell 2.6% to close at $29.81 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/23/12/36395783/amazon-adobe-and-2-other-stocks-insiders-are-selling"> </a><a href="https://www.benzinga.com/news/23/12/36395783/amazon-adobe-and-2-other-stocks-insiders-are-selling" title="https://www.benzinga.com/news/23/12/36395783/amazon-adobe-and-2-other-stocks-insiders-are-selling">https://www.benzinga.com/news/23/12/36395783/amazon-adobe-and-2-other-stocks-insiders-are-selling</a>

CWEN

Top 4 Utilities Stocks That Could Sink Your Portfolio In December

John D Erickson, Board Member at Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>), reported a large insider sell on November 20, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001466593/000146659323000163//Archives/edgar/data/1466593/000146659323000163/0001466593-23-000163-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Erickson sold 2,500 shares of Otter Tail. The total transaction amounted to $193,400. 
Otter Tail shares are trading down 0.12% at $77.01 at the time of this writing on Tuesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001466593">Check Out The Full List Of Otter Tail's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Board Member At This Utilities Company Sells $193K of Stock

<h3>Gainers</h3>
<ul>
<li>SciSparc Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sprc#NASDAQ">SPRC</a>) shares climbed 80% to $6.14 after the company announced it received notice of acceptance from the Australian patent office for its patent application for Combination of Opioids and N-Acylethanolamines for pain treatment.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdio#NASDAQ">CDIO</a>) gained 53.1% to $0.3264 after the company received an Innovation Technology contract from Vizient for its novel AI-driven precision heart disease tests.</li>
<li>Verve Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verv#NASDAQ">VERV</a>) jumped 27% to $11.95. Eli Lilly said it will acquire rights under Beam Therapeutics&rsquo; amended collaboration and license agreement with Verve, including rights to co-develop and co-commercialize Verve&#39;s base editing programs for cardiovascular disease.</li>
<li>BioVie Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bivi#NASDAQ">BIVI</a>) rose 23.6% to $4.7840.</li>
<li>Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>) jumped 22.7% to $34.02 after the company reported first-quarter earnings.</li>
<li>Repligen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgen#NASDAQ">RGEN</a>) gained 20.5% to $137.65 following better-than-expected results.</li>
<li>Mullen Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/muln#NASDAQ">MULN</a>) rose 20.1% to $0.3051.</li>
<li>YanGuFang International Group Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ygf#NASDAQ">YGF</a>) gained 19.5% to $2.81.</li>
<li>Shutterstock, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sstk#NYSE">SSTK</a>) climbed 18.6% to $40.71 after the company posted upbeat third-quarter results and raised FY23 outlook.</li>
<li>Harmony Biosciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hrmy#NASDAQ">HRMY</a>) rose 17.7% to $23.21 following third-quarter results.</li>
<li>Avalo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avtx#NASDAQ">AVTX</a>) shares gained 17.5% to $0.1090 after the company announced it has completed the divestiture of AVTX-800 Series.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) shares rose 16.9% to $29.34 after the company reported better-than-expected third-quarter financial results and issued guidance.</li>
<li>Two Harbors Investment Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/two#NYSE">TWO</a>) climbed 16.8% to $11.74 following quarterly results.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) rose 16.5% to $1.83.</li>
<li>Femasys Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/femy#NASDAQ">FEMY</a>) gained 16.5% to $1.62.</li>
<li>Modular Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modd#NASDAQ">MODD</a>) jumped 15% to $1.23.</li>
<li>Evaxion Biotech A/S (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evax#NASDAQ">EVAX</a>) climbed 14.8% to $1.09.</li>
<li>Insperity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nsp#NYSE">NSP</a>) gained 14.3% to $110.31 following upbeat results.</li>
<li>EUDA Health Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/euda#NASDAQ">EUDA</a>) rose 14.2% to $0.86.</li>
<li>Perficient, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prft#NASDAQ">PRFT</a>) gained 13.6% to $58.51 following strong quarterly sales.</li>
<li>Granite Construction Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gva#NYSE">GVA</a>) jumped 13.4% to $38.92 following strong quarterly results.</li>
<li>The Vita Coco Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coco#NASDAQ">COCO</a>) gained 12.7% to $26.34 following upbeat earnings.</li>
<li>Beam Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/beam#NASDAQ">BEAM</a>) climbed 12.5% to $21.50 after Eli Lilly agreed to acquire certain rights under Beam&#39;s agreement with Verve Therapeutics.</li>
<li>Pulmonx Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lung#NASDAQ">LUNG</a>) gained 12.2% to $8.85 as the company posted third-quarter results and raised 2023 revenue outlook.</li>
<li>Otter Tail Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ottr#NASDAQ">OTTR</a>) rose 11.3% to $77.63 after the company posted third-quarter results and raised 2023 EPS guidance.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnaz#NASDAQ">RNAZ</a>) shares gained 11.2% to $0.4001 after the company announced it is withdrawing the underwritten public offering of its common stock.</li>
<li>Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) rose 10.8% to $194.69 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.</li>
<li>Ryerson Holding Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ryi#NYSE">RYI</a>) climbed 8.2% to $29.76 following third-quarter results.</li>
<li>Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shph#NASDAQ">SHPH</a>) rose 5.5% to $0.4908. On Oct. 24, 2023, Shuttle Pharmaceuticals entered into an exclusive licensing agreement with Georgetown University.</li>
<li>HomeStreet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmst#NASDAQ">HMST</a>) gained 3.1% to $4.71 following better-than-expected third-quarter earnings.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) shares dipped 76.7% to $0.8901. The company announced that its drug VAL-083 did not outperform existing treatments for glioblastoma, a severe brain cancer.</li>
<li>Galera Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grtx#NASDAQ">GRTX</a>) fell 55.8% to $0.0934 after the company said GRECO-2 trial did not pass futility analysis.</li>
<li>reAlpha Tech Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>) fell 53.5% to $23.17.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) declined 48% to $0.76 after the company reported preliminary unaudited third-quarter financial results.</li>
<li>Sarepta Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srpt#NASDAQ">SRPT</a>) fell 42.3% to $62.16 after the company said EMBARK did not meet the primary endpoint.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atxi#NASDAQ">ATXI</a>) declined 34.4% to $0.23 as the company announced pricing of $5 million public offering.</li>
<li>PetMed Express, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pets#NASDAQ">PETS</a>) fell 33.2% to $6.14 after reporting weaker-than-expected second-quarter sales.</li>
<li>Tempo Automation Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmpo#NASDAQ">TMPO</a>) shares fell 32.8% to $0.08. Tempo Automation recently announced commencement of Nasdaq delisting proceedings.</li>
<li>CarParts.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prts#NASDAQ">PRTS</a>) fell 22.2% to $2.6050 following weak quarterly sales.</li>
<li>GeneDx Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wgs#NASDAQ">WGS</a>) declined 21.7% to $2.0901 following quarterly results.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bets#NASDAQ">BETS</a>) fell 19.2% to $0.0468 after declining around 14% on Monday. The company recently reported pricing of $5.04 million registered direct offering.</li>
<li>Lattice Semiconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lscc#NASDAQ">LSCC</a>) shares fell 18.2% to $55.07 after the company reported third-quarter financial results and issued weak sales forecast for the fourth quarter.</li>
<li>Annovis Bio, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anvs#NYSE">ANVS</a>) shares fell 16.7% to $6.79 after the company announced launch of a proposed public offering.</li>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) dipped 16.2% to $10.94 following quarterly results.</li>
<li>Catalent, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctlt#NYSE">CTLT</a>) fell 16% to $33.54.</li>
<li>Dorman Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dorm#NASDAQ">DORM</a>) declined 16% to $61.14 after the company posted downbeat earnings and lowered FY23 outlook.</li>
<li>JetBlue Airways Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jblu#NASDAQ">JBLU</a>) tumbled 14.2% to $3.5999 after reporting third-quarter results. The company also said it sees a wider loss for FY23.</li>
<li>TETRA Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tti#NYSE">TTI</a>) fell 14.2% to $4.79 following weak quarterly results.</li>
<li>Chegg, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chgg#NYSE">CHGG</a>) fell 12.7% to $7.74 after the company reported third-quarter financial results and issued fourth-quarter guidance.</li>
<li>Orgenesis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/orgs#NASDAQ">ORGS</a>) fell 12.4% to $0.71. Orgenesis announced withdrawal of its earlier announced proposed underwritten public offering due to market conditions.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zi#NASDAQ">ZI</a>) dipped 12% to $13.66 following quarterly results.</li>
<li>e.l.f. Beauty, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elf#NYSE">ELF</a>) declined 11.9% to $90.81.</li>
<li>PriceSmart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psmt#NASDAQ">PSMT</a>) dipped 11.2% to $63.65 following weak earnings.</li>
<li>V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) shares fell 11.2% to $15.21 after the company reported downbeat second-quarter earnings and withdrew its full-year guidance.</li>
<li>Hubbell Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hubb#NYSE">HUBB</a>) declined 10.5% to $253.63 following weak earnings.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares fell 7.7% to $0.7201 after surging around 38% on Monday.</li>
<li>BP p.l.c. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>) shares fell 5.2% to $36.33 following weaker-than-expected third-quarter profit.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/10/35510705/top-3-consumer-stocks-that-could-sink-your-portfolio-in-q4"> Top 3 Consumer Stocks That Could Sink Your Portfolio In Q4</a>

AIRE

ANVS

ATXI

AVTX

BEAM

BETS

BIVI

Cardio Diagnostics Holdings Inc. - Common stock

CDIO

CHGG

COCO

CTLT

DORM

Euda Health Holdings Limited - Ordinary Shares

EUDA

EVAX

FEMY

GRTX

HMST

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

HRMY

HUBB

JBLU

Kintara Therapeutics, Inc. - Common Stock

KTRA

LUNG

MODD

MULN

ORGS

PETS

PINS

PRFT

PRTS

PSMT

RGEN

RNAZ

SAVE

SHPH

SIEN

SPRC

SRPT

SSTK

TMPO

VERV

Why JetBlue Airways Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Otter Tail shares are trading higher after the company increased its 2023 guidance range.

U.S. stocks traded lower, with the Dow Jones falling more than 50 points on Tuesday. Here are some major stocks <a href="https://www.benzinga.com/news/earnings/23/10/35514600/us-stocks-fall-pfizer-swings-to-q3-loss">recording gains in today&rsquo;s session</a>.
<ul>
<li>Verve Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verv#NASDAQ">VERV</a>) gained 27% to $11.95. Eli Lilly said it will acquire rights under Beam Therapeutics&rsquo; amended collaboration and license agreement with Verve, including rights to co-develop and co-commercialize Verve&#39;s base editing programs for cardiovascular disease.</li>
<li>Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>) gained 22.7% to $34.02 after the company reported first-quarter earnings.</li>
<li>Repligen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgen#NASDAQ">RGEN</a>) shares surged 20.5% to $137.65 following better-than-expected results.</li>
<li>Shutterstock, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sstk#NYSE">SSTK</a>) rose 18.6% to $40.71 after the company posted upbeat third-quarter results and raised FY23 outlook.</li>
<li>Harmony Biosciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hrmy#NASDAQ">HRMY</a>) gained 17.7% to $23.21 following third-quarter results.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) shares gained 16.9% to $29.34 after the company reported better-than-expected third-quarter financial results and issued guidance.</li>
<li>Two Harbors Investment Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/two#NYSE">TWO</a>) surged 16.8% to $11.74 following quarterly results.</li>
<li>Insperity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nsp#NYSE">NSP</a>) rose 14.3% to $110.31 following upbeat results.</li>
<li>Perficient, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prft#NASDAQ">PRFT</a>) climbed 13.6% to $58.51 following strong quarterly sales.</li>
<li>Granite Construction Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gva#NYSE">GVA</a>) rose 13.4% to $38.92 following strong quarterly results.</li>
<li>AMMO, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/poww#NASDAQ">POWW</a>) gained 13.3% to $2.98. AMMO is expected to release financial results for its fiscal second quarter 2024 on Nov. 9, 2023.</li>
<li>The Vita Coco Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coco#NASDAQ">COCO</a>) surged 12.7% to $26.34 following upbeat earnings.</li>
<li>Beam Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/beam#NASDAQ">BEAM</a>) gained 12.5% to $21.50 after Eli Lilly agreed to acquire certain rights under Beam&#39;s agreement with Verve Therapeutics.</li>
<li>Pulmonx Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lung#NASDAQ">LUNG</a>) rose 12.2% to $8.85 as the company posted third-quarter results and raised 2023 revenue outlook.</li>
<li>Ardelyx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ardx#NASDAQ">ARDX</a>) jumped 12.1% to $4.0590 following strong quarterly results.</li>
<li>Harmonic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) rose 12% to $10.90 following third-quarter results.</li>
<li>Otter Tail Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ottr#NASDAQ">OTTR</a>) gained 11.3% to $77.63 after the company posted third-quarter results and raised 2023 EPS guidance.</li>
<li>Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) climbed 10.8% to $194.69 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jks#NYSE">JKS</a>) rose 10.3% to $32.58 after the company reported better-than-expected quarterly results. Also, the company disclosed its N-Type Monocrystaline Silicon Solar Cell set a new record.</li>
<li>Phreesia, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phr#NYSE">PHR</a>) gained 9% to $13.51.</li>
<li>Cameco Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccj#NYSE">CCJ</a>) climbed 8.5% to $41.09 following quarterly results.</li>
<li>Ryerson Holding Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ryi#NYSE">RYI</a>) gained 8.2% to $29.76 following third-quarter results.</li>
<li>Tourmaline Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trml#NASDAQ">TRML</a>) surged 8.1% to $16.05. Guggenheim initiated coverage on Tourmaline Bio with a Buy rating and announced a price target of $50.</li>
<li>Erasca, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eras#NASDAQ">ERAS</a>) gained 7.5% to $2.3750.</li>
<li>Leidos Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldos#NYSE">LDOS</a>) climbed 7.1% to $98.29 following strong quarterly results.</li>
<li>TopBuild Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bld#NYSE">BLD</a>) gained 5.2% to $230.90 following quarterly results.</li>
<li>HomeStreet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmst#NASDAQ">HMST</a>) rose 3.1% to $4.71 following better-than-expected third-quarter earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/10/35514658/chesapeake-energy-gears-up-for-q3-print-these-most-accurate-analysts-revise-forecasts-ahead-of-earn"> Chesapeake Energy Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

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Otter Tail Increases 2023 EPS Guidance From Previous Range Of $5.70-$6.00 To $6.76-$6.96

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Notable earnings after Monday's close

Otter Tail GAAP EPS of $2.07 beats by $0.37, revenue of $342.34M misses by $25.36M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Otter Tail (NASDAQ:<a href="https://investorplace.com/stock-quotes/ottr-stock-quote/">OTTR</a>) just reported results for the second quarter of 2024.<ul><li>Otter Tail reported earnings per share of $2.07. This was above the analyst estimate for EPS of $1.69.</li><li>The company reported revenue of $342.34 million.</li><li>This was 6.90% worse than the analyst estimate for revenue of $367.71 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/ottr-stock-earnings-otter-tail-for-q2-of-2024/">OTTR Stock Earnings: Otter Tail Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

OTTR Stock Earnings: Otter Tail Beats EPS, Misses Revenue for Q2 2024

Otter Tail declares $0.4675 dividend

Otter Tail Corporation 2024 Q2 - Results - Earnings Call Presentation

Otter Tail Corporation (OTTR) Q2 2024 Earnings Call Transcript

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