MARKET

ALE

ALE

Allete Inc
NYSE
61.35
-0.38
-0.62%
After Hours: 61.49 +0.14 +0.23% 18:29 12/08 EST
OPEN
61.73
PREV CLOSE
61.73
HIGH
61.97
LOW
61.04
VOLUME
373.01K
TURNOVER
0
52 WEEK HIGH
66.93
52 WEEK LOW
48.67
MARKET CAP
3.53B
P/E (TTM)
14.23
1D
5D
1M
3M
1Y
5Y
Noteworthy ETF Outflows: FVD, CCI, ALE, PKG
NASDAQ · 1d ago
Allete (ALE) Moves to Buy: Rationale Behind the Upgrade
NASDAQ · 2d ago
ALE vs. PNW: Which Stock Is the Better Value Option?
NASDAQ · 2d ago
Allete Hold Rating Justified by Sale Uncertainty and Regulatory Challenges
TipRanks · 2d ago
Allete may be worth as much as $61 in a takeover - anayst
Energy m&a allete may be worth as much as $61 in a takeover, mizuho analyst says. Reuters reports utility and renewable energy developer allete is exploring a potential sale. Reuters reported on tuesday that alle is working with jpmorgan on a sale process.
Seeking Alpha · 3d ago
Allete Mulls Sale After Recent Q3 Revenue Dip, Attracts Infrastructure Funds: Report
Ale registered a 2% year-over-year decline in sales in the last reported quarter. The company is working with jp morgan chase & co. On the sale process. Allete has attracted suitors including infrastructure funds and buyout firms, according to a report.
Benzinga · 3d ago
ALLETE, Inc.'s (NYSE:ALE) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?
Allete's (nyse:ale) return on equity is 5.4%, lower than the average for its industry. The company has a low net income growth of 2.8% over the last five years. Allete has a high return on equity because it retains only 22% of its profits. This suggests the company is not making the best use of its earnings growth.  Allete increased by 11% on the back of strong earnings growth over the past three months. The company's industry has produced a 5.3% higher roe than average.
Simply Wall St · 3d ago
Allete jumps amid report utility exploring sale
Allete jumps amid report utility exploring sale. Renewable energy developer has a market value of about $5 billion. Alle (ale) is working with jpmorgan on a sale process, according to a reuters report. Allete shares rose 7.4% on the news.
Seeking Alpha · 4d ago
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About ALE
ALLETE, Inc. is a clean-energy transformation company that owns, operates and developing wind energy generation to reduce carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. It also owns and operates, in seven states, more than 1,200 MW of nameplate capacity wind energy generation with a contract under power sales agreements (PSAs) of various durations. It also engages in the development of wind energy facilities to operate under long-term PSAs.

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