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Allete, Inc. - ALE STOCK NEWS

Welcome to our dedicated news page for Allete (Ticker: ALE), a resource for investors and traders seeking the latest updates and insights on Allete.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allete's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allete's position in the market.

News
ALLETE, Grid United sign development agreements for advancing new HVDC transmission line in North Dakota and Montana
Rhea-AI Summary
ALLETE, Inc. (NYSE:ALE) and North Plains Connector LLC, a subsidiary of Grid United LLC, signed development agreements for the North Plains Connector project, a 400-mile high-voltage direct-current (HVDC) transmission line linking three regional U.S. electric energy markets. The project represents a $3.2 billion investment in Montana and North Dakota, creating 3,000 megawatts of transfer capacity across all three energy markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
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News
Minnesota Power Advances EnergyForward with Request for Proposals for up to 300 Megawatts of Solar Energy
Rhea-AI Summary
ALLETE Inc. (NYSE: ALE) Advances EnergyForward Vision with 300 MW Solar Energy RFP by 2027
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
ALLETE, Inc. reports third quarter earnings of $1.49 per share; raises full-year 2023 earnings guidance to a range of $4.30 to $4.40 per share reflecting increased earnings from ALLETE Clean Energy
Rhea-AI Summary
ALLETE, Inc. reported Q3 2023 earnings of $1.49 per share on net income of $85.9 million, compared to $0.59 per share on net income of $33.7 million in the same period last year. The company raised its full-year earnings guidance to a range of $4.30 to $4.40 per share. ALLETE's Regulated Operations segment saw a decrease in net income, while ALLETE Clean Energy recorded a net income of $54.8 million, reflecting a favorable arbitration award. Corporate and Other businesses reported a net loss of $2.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.69%
Tags
earnings
News
ALLETE Board of Directors declares dividend on common stock
Rhea-AI Summary
ALLETE, Inc. declares a quarterly dividend of 67.75 cents per share of common stock, equivalent to $2.71 per share annually. The dividend remains unchanged from the previous quarter. The regular quarterly dividend will be payable on December 1, 2023, to common stock shareholders of record as of November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.21%
Tags
management dividends
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News
DOE Awards $50 Million to Minnesota Power to Increase Reliability and Resilience of Region’s Transmission Grid in Support of a Clean-Energy Future
Rhea-AI Summary
Minnesota Power receives $50 million grant from the U.S. Department of Energy to modernize its transmission system
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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none
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News
ALLETE to announce third quarter financial results November 2
Rhea-AI Summary
ALLETE Inc. to announce Q3 financial results on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
earnings
News
DSD Acquires 15 MW Community Solar Portfolio from New Energy Equity in Minnesota
Rhea-AI Summary
DSD Renewables acquires a 15MW community solar portfolio in Minnesota, estimated to generate over 20,000 MWh annually, providing power to 900 subscribers. The acquisition expands DSD's presence in the state and supports Minnesota's goal of 100% clean energy usage by 2040. Ground-mounted panels will be installed in eight cities, including an agrivoltaic project in Winsted. Construction is underway, with completion expected by 2024. Arcadia Power will handle customer acquisition and subscriptions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
acquisition
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News
ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.88%
Tags
earnings
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News
Minnesota Power, Great River Energy Advance Joint 345-kV Transmission Line Project with Application for Certificate of Need, Route Permit
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
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none
News
ALLETE Board of Directors declares dividend on common stock
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
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management dividends
Stock ALE logo
Allete, Inc.

NYSE:ALE

ALE Rankings

#1430 Ranked by Market Cap
#2418 Ranked by Stock Gains
#685 Ranked by Dividends

ALE Stock Data

3.31B
57.38M
0.42%
79.16%
2.24%
Nuclear Electric Power Generation
Utilities
Link
US
Duluth

About ALE

ALLETE, Inc. engages in the provision of electric and natural gas utility services.