Allete Inc. (ALE) is a Power Generation company listed on NYSE. There were no new wire items for ALE in the last 30 days. The most recent was published Dec 29, 2025.

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It 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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ALE FAQ

7 questions
  • What does Allete Inc. do?
    ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers...
  • What is the latest news on ALE?
    Quantisnow has not tracked any new filings, ratings or press releases for ALE in the last 30 days. The most recent wire item was published on December 29, 2025.
  • Where does ALE stock trade?
    Allete Inc. (ALE) is listed on NYSE.
  • What sector and industry is ALE in?
    Allete Inc. operates in the Utilities sector, Power Generation industry.
  • What are analysts saying about ALE?
    Across the last 8 analyst actions on Allete Inc., there were 4 upgrades and 4 downgrades. The most recent action was from Guggenheim: Neutral with a $58.00 price target on 2024-01-22. Recent price targets range from $54.00 to $74.00.
  • What companies are similar to ALE?
    Notable peers in the same industry include DUK (Duke Energy Corporation (Holding Company)), XEL (Xcel Energy Inc.), EXC (Exelon Corporation), ED (Consolidated Edison Inc.), WEC (WEC Energy Group Inc.). Compare ALE side-by-side with any of them on Quantisnow.
  • How can I track ALE on Quantisnow?
    Quantisnow aggregates Allete Inc.'s SEC filings, analyst ratings, insider transactions, FDA approvals, and press releases the moment they hit the wire (Wall Street's wire, on your screen.). Follow ALE to receive live email and push alerts on every new disclosure.