+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

ALLETE Inc (ALE) - Financial and Strategic SWOT Analysis Review

  • PDF Icon

    SWOT Analysis

  • 55 Pages
  • May 2024
  • GlobalData
  • Allete Inc
  • ID: 1816454
ALLETE Inc (ALE) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by the analyst to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

The profile contains critical company information including:

  • Business description - A detailed description of the company’s operations and business divisions.
  • Corporate strategy - Analyst’s summarization of the company’s business strategy.
  • SWOT Analysis - A detailed analysis of the company’s strengths, weakness, opportunities and threats.
  • Company history - Progression of key events associated with the company.
  • Major products and services - A list of major products, services and brands of the company.
  • Key competitors - A list of key competitors to the company.
  • Key employees - A list of the key executives of the company.
  • Executive biographies - A brief summary of the executives’ employment history.
  • Key operational heads - A list of personnel heading key departments/functions.
  • Important locations and subsidiaries - A list and contact details of key locations and subsidiaries of the company.
  • Detailed financial ratios for the past five years - The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
  • Interim ratios for the last five interim periods - The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Highlights

ALLETE Inc (ALLETE) is an energy company with a diverse portfolio of operations. The company's main activities include mining facilities, electricity generation, transmission and distribution assets and water management businesses. The company generates electricity using various sources such as coal, natural gas, biomass, hydro, wind, and solar and procures energy through power purchase agreements and market purchases. ALLETE provides electric services on both a retail and wholesale basis, and develops, acquires, and operates clean and renewable energy projects. Through long-term power sales agreements, ALLETE also develops wind energy facilities to operate or for sale to third parties. The company services cater to a wide range of industries including biofuel, commercial and institutional, power generation, food and beverage, light manufacturing, and midstream oil, and gas industries. ALLETE is headquartered in Duluth, Minnesota, the US. Through long-term power sales agreements, the company develops wind energy facilities for operation or sale to third parties. ALLETE is headquartered in Duluth, Minnesota, the US.

ALLETE Inc Key Recent Developments

  • May 09, 2024: ALLETE Reports First Quarter 2024 Earnings
  • May 03, 2024: Minnesota Power Reaches Electric Rate Settlement With State Agencies and Large Power Customers
  • Apr 12, 2024: Allete to Announce First Quarter Financial Results May 9
  • Mar 19, 2024: Allete Announces Retirement of Chief Legal Officer

Key benefits of buying this profile include:

You get detailed information about the company and its operations to identify potential customers and suppliers.
  • The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.
Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
  • The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.
Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
  • Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.
Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.
  • Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.
Gain key insights into the company for academic or business research.
  • Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.

Note: Some sections may be missing if data is unavailable for the company

Table of Contents

Section 1 - About the Company
  • ALLETE Inc - Key Facts
  • ALLETE Inc - Key Employees
  • ALLETE Inc - Key Employee Biographies
  • ALLETE Inc - Major Products and Services
  • ALLETE Inc - History
  • ALLETE Inc - Company Statement
  • ALLETE Inc - Locations And Subsidiaries
  • Head Office
  • Other Locations & Subsidiaries
Section 2 - Company Analysis
  • Company Overview
  • ALLETE Inc - Business Description
  • Business Segment: ALLETE Clean Energy
  • Overview
  • Performance
  • Key Stats
  • Business Segment: Corporate and Other
  • Overview
  • Performance
  • Business Segment: Regulated Operations
  • Overview
  • Performance
  • Key Stats
  • ALLETE Inc - Corporate Strategy
  • ALLETE Inc - SWOT Analysis
  • SWOT Analysis - Overview
  • ALLETE Inc - Strengths
  • ALLETE Inc - Weaknesses
  • ALLETE Inc - Opportunities
  • ALLETE Inc - Threats
  • ALLETE Inc - Key Competitors
Section 3 - Company Financial Ratios
  • Financial Ratios - Capital Market Ratios
  • Financial Ratios - Annual Ratios
  • Performance Chart
  • Financial Performance
  • Financial Ratios - Interim Ratios
  • Financial Ratios - Ratio Charts
Section 4 - Company’s Power Financial Deals and Alliances
  • ALLETE Inc, Power, Deals By Year, 2018 to YTD 2024
  • ALLETE Inc, Power, Deals By Type, 2018 to YTD 2024
  • ALLETE Inc, Recent Deals Summary
Section 5 - Company’s Recent Developments
  • May 09, 2024: ALLETE Reports First Quarter 2024 Earnings
  • May 03, 2024: Minnesota Power Reaches Electric Rate Settlement With State Agencies and Large Power Customers
  • Apr 12, 2024: Allete to Announce First Quarter Financial Results May 9
  • Mar 19, 2024: Allete Announces Retirement of Chief Legal Officer
  • Feb 15, 2024: Minnesota Power Advances Energyforward With Request for Proposals for Up to 400 Megawatts of Wind Energy
  • Dec 22, 2023: Allete and Grid United partner for North Plains Connector project
  • Nov 15, 2023: Minnesota Power Advances EnergyForward with Request for Proposals for up to 300 Megawatts of Solar Energy
  • Jul 07, 2023: ALLETE to announce second quarter financial results August 8
  • May 03, 2023: ALLETE, Inc. reports first quarter earnings of $1.02 per share
  • Feb 16, 2023: ALLETE Reports 2022 Earnings of $3.38 Per Share; Initiates 2023 Earnings Guidance Range of $3.55 to $3.85 Per Share
Section 6 - Appendix
  • Methodology
  • Ratio Definitions
  • About the Analyst
  • Contact the Publisher
  • Disclaimer
List of Tables
  • ALLETE Inc, Key Facts
  • ALLETE Inc, Key Employees
  • ALLETE Inc, Key Employee Biographies
  • ALLETE Inc, Major Products and Services
  • ALLETE Inc, History
  • ALLETE Inc, Subsidiaries
  • ALLETE Inc, Key Competitors
  • ALLETE Inc, Ratios based on current share price
  • ALLETE Inc, Annual Ratios
  • ALLETE Inc, Interim Ratios
  • ALLETE Inc, Power, Deals By Year, 2018 to YTD 2024
  • ALLETE Inc, Power, Deals By Type, 2018 to YTD 2024
  • ALLETE Inc, Recent Deals Summary
  • Currency Codes
  • Capital Market Ratios
  • Equity Ratios
  • Profitability Ratios
  • Cost Ratios
  • Liquidity Ratios
  • Leverage Ratios
  • Efficiency Ratios
List of Figures
  • ALLETE Inc, Performance Chart (2019 - 2023)
  • ALLETE Inc, Ratio Charts
  • ALLETE Inc, Power, Deals By Year, 2018 to YTD 2024
  • ALLETE Inc, Power, Deals by Type, 2018 to YTD 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Idacorp Inc
  • Cleco Corporate Holdings LLC
  • CH Energy Group Inc
  • Black Hills Corp
  • Alliant Energy Corp
  • Avangrid Inc