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Upturn AI SWOT - About
ALE 
Allete Inc (ALE)
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Upturn Advisory Summary
08/28/2025: ALE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $70
1 Year Target Price $70
| 1 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 14.36% | Avg. Invested days 78 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.72B USD | Price to earnings Ratio 20.24 | 1Y Target Price 70 |
Price to earnings Ratio 20.24 | 1Y Target Price 70 | ||
Volume (30-day avg) 3 | Beta 0.75 | 52 Weeks Range 60.50 - 65.72 | Updated Date 08/29/2025 |
52 Weeks Range 60.50 - 65.72 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 4.50% | Basic EPS (TTM) 3.17 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-07-30 | When Before Market | Estimate 0.84 | Actual 0.55 |
Profitability
Profit Margin 11.98% | Operating Margin (TTM) 5.41% |
Management Effectiveness
Return on Assets (TTM) 1.5% | Return on Equity (TTM) 3.14% |
Valuation
Trailing PE 20.24 | Forward PE 17.86 | Enterprise Value 5673414966 | Price to Sales(TTM) 2.43 |
Enterprise Value 5673414966 | Price to Sales(TTM) 2.43 | ||
Enterprise Value to Revenue 3.7 | Enterprise Value to EBITDA 11.61 | Shares Outstanding 58035400 | Shares Floating 57831660 |
Shares Outstanding 58035400 | Shares Floating 57831660 | ||
Percent Insiders 0.31 | Percent Institutions 76.76 |
Upturn AI SWOT
Allete Inc
Company Overview
History and Background
Allete Inc., formerly Minnesota Power, was founded in 1906. It started as a power company serving northeastern Minnesota and has evolved into an energy company with investments in regulated utilities, renewable energy projects, and related businesses. Significant milestones include expansion into renewable energy and strategic acquisitions.
Core Business Areas
- Regulated Utilities: ALLETE's regulated utility operations, primarily through Minnesota Power and Superior Water, Light and Power (SWL&P), provide electricity and water services to customers in northeastern Minnesota and northwestern Wisconsin.
- ALLETE Clean Energy: Develops, acquires, and operates clean and renewable energy projects, focusing on wind, solar, and other renewable sources. It sells energy generated from these projects under long-term power purchase agreements.
- Corporate and Other: Includes corporate expenses and other business activities not directly attributable to the regulated utilities or ALLETE Clean Energy.
Leadership and Structure
ALLETE is led by a CEO and a senior management team. The organizational structure includes various departments and business units responsible for different aspects of the company's operations, such as utilities, renewable energy, finance, and legal.
Top Products and Market Share
Key Offerings
- Electricity Sales (Minnesota Power): Supplies electricity to residential, commercial, and industrial customers in northeastern Minnesota. Market share data is difficult to pinpoint exactly due to integrated utilities and various regional providers, but Minnesota Power is the dominant provider in its service territory. Competitors include other regional utilities and independent power producers connecting to the grid.
- Electricity Sales (Superior Water, Light & Power): Provides electricity to customers in northwestern Wisconsin. Market share is significant within its specific service territory. Competitors include other regional utilities and independent power producers.
- Wind Energy (ALLETE Clean Energy): Generates and sells wind energy under long-term PPAs. Market share varies by region and project. Competitors include NextEra Energy Resources, Invenergy, and other large renewable energy developers. Revenue from this project make up around 30% of overall revenue
Market Dynamics
Industry Overview
The electric utility industry is undergoing significant changes, driven by the transition to cleaner energy sources, increasing demand for renewable energy, and advancements in technology. There's also an increasing focus on grid modernization and energy storage.
Positioning
ALLETE is positioning itself as a leader in the clean energy transition, with a focus on expanding its renewable energy portfolio and modernizing its grid infrastructure. Its competitive advantages include its expertise in renewable energy development and its strong relationships with customers and stakeholders.
Total Addressable Market (TAM)
The total addressable market for electricity in the regions ALLETE serves is estimated to be in the billions of dollars annually. The renewable energy market has also been seeing year over year increases in the billions of dollars annually. ALLETE is well-positioned to capture a significant share of this TAM through its investments in renewable energy and its strong market position.
Upturn SWOT Analysis
Strengths
- Diversified business model (regulated utilities and renewable energy)
- Strong presence in its service territories
- Expertise in renewable energy development
- Commitment to sustainability and clean energy transition
Weaknesses
- Dependence on regulatory approvals
- Exposure to commodity price fluctuations
- Capital intensive business
- Geographic concentration in the Midwest
Opportunities
- Expansion of renewable energy portfolio
- Investment in grid modernization
- Growth in demand for clean energy
- Potential acquisitions and partnerships
Threats
- Changes in government regulations
- Competition from other energy providers
- Economic downturns
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- Xcel Energy (XEL)
- Otter Tail Corporation (OTTR)
- WEC Energy Group (WEC)
Competitive Landscape
ALLETE competes with other utilities and renewable energy developers for customers and projects. Its competitive advantages include its expertise in renewable energy, its strong relationships with customers, and its geographic focus.
Major Acquisitions
New Energy Equity
- Year: 2019
- Acquisition Price (USD millions): 165.5
- Strategic Rationale: Expanded ALLETE Clean Energy's capabilities in community solar and small-scale renewable energy projects.
Growth Trajectory and Initiatives
Historical Growth: ALLETE's historical growth has been driven by expansion in renewable energy and consistent performance of its regulated utilities.
Future Projections: Analyst estimates project continued growth in renewable energy and a stable performance for the regulated utilities. Future growth is expected to be driven by increasing demand for clean energy.
Recent Initiatives: Recent initiatives include investments in new wind and solar projects, grid modernization efforts, and partnerships to develop innovative energy solutions.
Summary
ALLETE is a diversified energy company focused on regulated utilities and renewable energy. Its strength lies in its commitment to clean energy and strong market position. It needs to navigate regulatory challenges and commodity price volatility. With increasing demand for renewable energy, ALLETE appears well-positioned for future growth and sustainable shareholder value.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations Website
- Analyst Reports
- Industry Reports
- Company Press Releases
Disclaimers:
The data and analysis provided are based on publicly available information and analyst estimates. This information is not financial advice, and investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Allete Inc
Exchange NYSE | Headquaters Duluth, MN, United States | ||
IPO Launch date 1973-05-03 | Chair, CEO & President Ms. Bethany M. Owen | ||
Sector Utilities | Industry Utilities - Diversified | Full time employees 1610 | Website https://www.allete.com |
Full time employees 1610 | Website https://www.allete.com | ||
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota and real estate investment activities in Florida. It owns and operates 154 substations with a total capacity of 10,647 megavolt-amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
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