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The latest announcement is out from Allete ( (ALE) ).
On April 16, 2025, Colin B. Anderson was appointed as ALLETE’s Vice President, Chief Accounting Officer, and Controller. Anderson, who has been with the company since 2021, previously served as Controller and Vice President – ALLETE Tax and Rates. His compensation includes a base salary of $311,725 and a long-term incentive plan opportunity of $125,000, with a mix of restricted stock units and performance share awards. Anderson’s appointment follows the retirement announcement of Steven W. Morris, who remains a Senior Vice President until his planned retirement on July 18, 2025.
Spark’s Take on ALE Stock
According to Spark, TipRanks’ AI Analyst, ALE is a Outperform.
Allete’s overall score is primarily driven by its strong financial performance and positive technical indicators, which reflect solid profitability and market momentum. The approval of a significant merger adds a positive outlook, although the company must address revenue growth and cash flow challenges for sustained success.
To see Spark’s full report on ALE stock, click here.
More about Allete
YTD Price Performance: 1.40%
Average Trading Volume: 363,827
Technical Sentiment Signal: Sell
Current Market Cap: $3.77B
See more insights into ALE stock on TipRanks’ Stock Analysis page.