|Bid||87.07 x 1000|
|Ask||87.19 x 800|
|Day's range||85.89 - 87.22|
|52-week range||72.42 - 88.60|
|Beta (3Y monthly)||0.25|
|PE ratio (TTM)||22.90|
|Earnings date||6 Nov 2019|
|Forward dividend & yield||2.35 (2.75%)|
|1y target est||86.20|
ALLETE, Inc. will announce its financial results for the third quarter before the stock markets open on Wednesday, November 6, 2019.
Allete (ALE) delivered earnings and revenue surprises of 0.00% and -16.72%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Allete (ALE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in Oklahoma. The Smithfield agreement follows an earlier announcement of power sale agreements with two large Fortune 500 companies, Walmart and Starbucks. Walmart has agreed to purchase 175 megawatts for 15 years, Smithfield will purchase 75 megawatts for 12 years, and Starbucks will purchase 50 megawatts for 15 years.
Duke Energy (DUK) plans to invest $1 billion for constructing or acquiring a total of 700 MW of cost-effective solar power facilities and 50 MW of battery storage through 2022 in Florida.
ALLETE Inc. (ALE) says its targeted earnings growth is supported by the seemingly limitless opportunities found in the nation’s growing renewable energy sector, company leaders told investors today at the Duluth-based energy company’s 2019 annual meeting of shareholders. More than 900 people attended the 2019 Annual Meeting at the Duluth Entertainment Convention Center on Tuesday, where they elected 10 directors, approved compensation-related resolutions and ratified the selection of ALLETE's accounting firm. After conducting business, they heard from ALLETE President Bethany Owen, Chairman and CEO Al Hodnik and two other company leaders.
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (ALE), announced today it has acquired the Diamond Spring wind project in Oklahoma from Apex Clean Energy and will build, own, operate and sell wind power from the site to two large Fortune 500 companies under 15-year power sales agreements. Diamond Spring will be the first ALLETE Clean Energy wind site to have contracts with corporate customers. Corporate and industrial customers represent a growing market as companies embrace sustainability goals and demonstrate to customers they are powered by clean energy.
The Duluth, Minnesota-based company said it had profit of $1.37 per share. Earnings, adjusted for non-recurring gains, were $1.18 per share. The power company owner posted revenue of $357.2 million in ...
ALLETE, Inc. today reported first quarter 2019 earnings of $1.37 per share on net income of $70.5 million and operating revenue of $357.2 million. Last year’s results were 99 cents per share on net income of $51.0 million and operating revenue of $358.2 million.