ALLETE/$ALE

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About ALLETE

ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.

Ticker

$ALE
Sector

Primary listing

NYSE

Employees

1,642

ALLETE Metrics

BasicAdvanced
$3.9B
21.23
$3.17
0.82
$2.90
4.34%

What the Analysts think about ALLETE

Analyst ratings (Buy, Hold, Sell) for ALLETE stock.

Bulls say / Bears say

Approval from the Minnesota Public Utilities Commission lowers the execution risk for the $6.2 billion buyout and sets up the transaction to close in late 2025 without further delay.
The offer of $67 per share in cash is a 19% premium over ALLETE's stock price before the deal, giving immediate value to shareholders.
The go-private deal includes plans for ALLETE to invest $4.3 billion in clean energy and transmission infrastructure by 2027, which supports long-term earnings growth.
Guggenheim utilities analysts consider the 19% premium to be small compared to other recent deals in the sector, which could mean less upside for investors.
Environmental organizations like the Sierra Club are concerned the new owners might not invest enough in clean energy projects without increasing customer rates, creating reputational and regulatory risks.
Termination fees reaching up to $212 million for the acquirers and $116 million for ALLETE reflect substantial risk if the deal falls through, leading to potential uncertainty for investors.
Data summarised monthly by Lightyear AI. Last updated on 6 Oct 2025.

ALLETE Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

ALLETE Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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