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The latest announcement is out from Allete ( (ALE) ).
On October 3, 2025, ALLETE, Inc. announced that the Minnesota Public Utilities Commission approved its acquisition by CPP Investments and Global Infrastructure Partners, with the transaction expected to close in late 2025. This strategic partnership aims to support ALLETE’s clean-energy transition, offering approximately $200 million in customer benefits and ensuring continued reliability and affordability of services. The agreement includes commitments to customer affordability, clean energy projects, and local oversight, with ALLETE’s headquarters remaining in Duluth and the current leadership team in place.
The most recent analyst rating on (ALE) stock is a Hold with a $70.00 price target. To see the full list of analyst forecasts on Allete stock, see the ALE Stock Forecast page.
Spark’s Take on ALE Stock
According to Spark, TipRanks’ AI Analyst, ALE is a Neutral.
Allete’s overall stock score is driven by strong financial performance and positive corporate events. However, concerns about cash flow management and the lack of technical analysis data weigh on the score. The valuation is reasonable, supported by a solid dividend yield.
To see Spark’s full report on ALE stock, click here.
More about Allete
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. It operates electric utilities such as Minnesota Power and Superior Water, Light and Power of Wisconsin. The company also owns ALLETE Clean Energy, BNI Energy, and New Energy Equity, and holds an equity interest in the American Transmission Co.
Average Trading Volume: 655,475
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.87B
Learn more about ALE stock on TipRanks’ Stock Analysis page.