The price of ALE is predicted to go up -1.85%, based on the high correlation periods with BEN. The similarity of these two price pattern on the periods is 97.47%.

ALE

BEN

Down: -1.85%Similarity: 97.47%

ALE Revenue Forecast

ALE EPS Forecast

ALE FAQs

What is bull’s view on ALE?

Allete (ALE) stock shows a bullish outlook due to its recent contract extensions for renewable energy projects, which secure stable revenue streams for the next seven years. Despite a Q3 EPS miss, revenue growth of 7.5% year-over-year to $407.2M highlights operational resilience. With shares trading near $60, the stock could see upside potential if renewable energy demand continues to rise.

What is bear's view on ALE?

ALE stock currently faces bearish sentiment due to its Q3 2024 earnings miss, with EPS at $0.78, falling short of expectations by $0.13, despite a 7.5% YoY revenue increase to $407.2M. The stock's profitability has declined significantly compared to the prior year, primarily due to the absence of arbitration-related gains, which raises concerns about sustainable earnings growth. With these factors, ALE may face downward pressure, potentially testing support levels near $55.