ALLETE to Announce Third Quarter Financial Results October 30

10/4/24 6:30:00 AM ET

Power Generation

Utilities

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ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, October 30, 2024.

ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20241004600592/en/

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
1/22/2024	$58.00	Sell → Neutral	Guggenheim
1/10/2024	$64.00	Buy → Neutral	Sidoti
6/27/2023	$63.00 → $54.00	Neutral → Underperform	BofA Securities
5/5/2023	$66.00 → $63.00	Buy → Neutral	BofA Securities
4/6/2023	$74.00	Neutral → Buy	Sidoti
1/23/2023	$53.00 → $54.00	Neutral → Sell	Guggenheim
11/17/2022	$65.00	Underweight → Neutral	JP Morgan
11/14/2022	$53.00 → $66.00	Neutral → Buy	BofA Securities

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ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE:ALE), has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers. ALLETE Clean Energy acquired the 100.5-megawatt Armenia Mountain Wind site near Troy, Pennsylvania, in 2015. Located in the dynamic PJM electricity market near the New York-Pennsylvania border, Armenia Mountain consists of 67 General Electric turbines installed in 2009. "That we have fully recontracted the Armenia Mountain Wind site is a testament to the hard work and dedication of the team that keeps turbines available at a high rate for customers who increasingly desire more renewable energ
11/19/24 6:30:00 AM ET
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ALLETE, Inc. reports third quarter 2024 earnings
ALLETE, Inc. (NYSE:ALE) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million. Last year's third quarter results were $1.49 per share on net income of $85.9 million. Net income for the same quarter in 2023 included approximately 71 cents per share for the favorable arbitration ruling involving a subsidiary of ALLETE Clean Energy. Net income for the third quarter this year included approximately 7 cents per share of transaction expenses related to the merger agreement entered into on May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners. "It has been a busy year thus far, and I couldn't be prouder of our entire AL
10/30/24 6:30:00 AM ET
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ALLETE Clean Energy Announces Sale of Wisconsin Wind Site
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSE:ALE), today announced the company has sold the Whitetail wind project in southwestern Wisconsin to Invenergy, with the intent that it be constructed and subsequently sold to WEC Energy Group utilities We Energies and Wisconsin Public Service Corp. (WPS) as well as Madison Gas and Electric Co. (MGE). ALLETE Clean Energy acquired the Whitetail wind project in 2021 and developed it for sale to help companies advance their carbon-reduction goals. The approximately 70-megawatt Whitetail project will consist of up to 21 turbines on about 5,938 acres in Clifton and Wingville townships in Grant County. It will produce enough ener
10/29/24 10:06:00 AM ET
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ALLETE, Inc. reports third quarter 2024 earnings
ALLETE, Inc. (NYSE:ALE) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million. Last year's third quarter results were $1.49 per share on net income of $85.9 million. Net income for the same quarter in 2023 included approximately 71 cents per share for the favorable arbitration ruling involving a subsidiary of ALLETE Clean Energy. Net income for the third quarter this year included approximately 7 cents per share of transaction expenses related to the merger agreement entered into on May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners. "It has been a busy year thus far, and I couldn't be prouder of our entire AL
10/30/24 6:30:00 AM ET
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ALLETE Clean Energy Announces Sale of Wisconsin Wind Site
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSE:ALE), today announced the company has sold the Whitetail wind project in southwestern Wisconsin to Invenergy, with the intent that it be constructed and subsequently sold to WEC Energy Group utilities We Energies and Wisconsin Public Service Corp. (WPS) as well as Madison Gas and Electric Co. (MGE). ALLETE Clean Energy acquired the Whitetail wind project in 2021 and developed it for sale to help companies advance their carbon-reduction goals. The approximately 70-megawatt Whitetail project will consist of up to 21 turbines on about 5,938 acres in Clifton and Wingville townships in Grant County. It will produce enough ener
10/29/24 10:06:00 AM ET
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ALLETE Board of Directors declares dividend on common stock
The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.82 per share, unchanged from the previous quarter. The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 15, 2024. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, ND; New Energy Equity, headquartered in Annapolis, MD; and has an 8% equity interest
10/25/24 4:30:00 PM ET
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NT Solar Celebrates New Impact Investment Fund & Series of Successful Transactions
WASHINGTON, April 25, 2024 /PRNewswire/ -- NT Solar, a national tax credit syndicator with a mission to provide affordable clean energy access through investments in renewables and battery projects with strong ESG attributes, is thrilled to announce a series of four strategic solar tax credit (ITC) investments across the country, establishing new partnerships, building upon successful ongoing relationships, and continuing the growth of our network of investment partners. These investments supported the development of 4 solar projects, including the largest solar installation t
4/25/24 8:53:00 AM ET
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New Energy Equity names Jackie Chambers as chief investment officer
ANNAPOLIS, Md., Feb. 7, 2024 /PRNewswire/ -- New Energy Equity, national developer and financier of community and commercial solar projects, has welcomed Jackie Chambers to its leadership team as chief investment officer. Chambers will be responsible for shaping project finance strategy and the execution of monetizing and financing New Energy Equity's pipeline of projects. With 13 years in the solar industry, Chambers brings valuable perspective to New Energy Equity and significant experience in project finance, direct project origination and project acquisitions. At PNC Energ
2/7/24 11:15:00 AM ET
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Bethany M. Owen named Chair of ALLETE Board of Directors
The ALLETE Inc. (NYSE:ALE) board of directors has named President and Chief Executive Officer Bethany M. Owen chair of the ALLETE board of directors effective May 11, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210511006184/en/Bethany M. Owen ALLETE Chair, President & CEO (Photo: Business Wire) Owen has served as ALLETE's president since 2019 and chief executive officer since February 2020. Owen assumed the role of CEO as the worldwide pandemic was escalating, and has successfully navigated challenges related to COVID-19, maintaining a steadfast focus on the health and safety of employees, customers, and communities, whi
5/11/21 4:15:00 PM ET
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ALLETE to Announce Third Quarter Financial Results October 30

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$ALE SEC Filings

SEC Form 10-Q filed by Allete Inc.

SEC Form SD filed by Allete Inc.

Allete Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits

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SEC Form SC 13G/A filed by Allete Inc. (Amendment)

SEC Form SC 13G/A filed by Allete Inc. (Amendment)

SEC Form SC 13G/A filed by Allete Inc. (Amendment)

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VP & Treasurer Scissons Jeffrey John was granted 196 shares, increasing direct ownership by 8% to 2,610 units (SEC Form 4)

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ALLETE Clean Energy has fully recontracted Armenia Mountain Wind

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