Allete near deal to sell itself to U.S., Canadian funds for ~$5B - FT [Seeking Alpha]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
investor.allete.com/investor-relations
Company Research
Source: Seeking Alpha
Canada pension fund CPP Investments are nearing a deal to buy the company for ~$5B Minnesota-based Allete ( ALE ) is known in the utilities sector for powering mines of taconite, which is used to create iron ore used by the steel industry, and it owns renewable energy assets that are expected to produce more than 1.5 GW of wind energy. The company is planning to spend $4.3B in the coming years to build additional renewable power sources and meet state goals for carbon-free power generation. Allete's ( ALE ) shares have fallen by ~25% over the past five years and closed at $60.84 on Thursday, valuing the company at ~$3.5B. Recommended For You More Trending News Recommended For You More Trending News About ALE Stock Related Stocks Trending Analysis Trending News
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ALE
News
- World's largest asset manager behind Duluth energy company Allete's $6.2B sale [Yahoo! Finance]Yahoo! Finance
- ALLETE, Inc. (NYSE: ALE) had its price target raised by analysts at Mizuho from $57.00 to $67.00. They now have a "neutral" rating on the stock.MarketBeat
- ALLETE, Inc. (NYSE: ALE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Lifshitz Law PLLC Announces Investigations of ALE, PRFT, UNIT, and AGBAAccesswire
- PUC wants buyers of Duluth energy company Allete to clarify local workforce commitment [Yahoo! Finance]Yahoo! Finance
ALE
Earnings
- 5/9/24 - Miss
ALE
Sec Filings
- 5/17/24 - Form DEFA14A
- 5/9/24 - Form DEFA14A
- 5/9/24 - Form 10-Q
- ALE's page on the SEC website