|Bid||56.50 x N/A|
|Ask||57.50 x N/A|
|Day's Range||55.50 - 55.50|
|52 Week Range||55.50 - 62.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 16, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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The heavy selling pressure might have exhausted for Allete (ALE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
DULUTH, Minn., January 30, 2023--ALLETE, Inc. (NYSE:ALE) and Grid United today announced their intent to jointly develop the North Plains Connector, a new, approximately 385-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana.
ALLETE's (NYSE:ALE) stock is up by 7.8% over the past three months. However, in this article, we decided to focus on...