Allete Inc (ALE)
ALLETE, Inc. is a diversified energy company based in Duluth, Minnesota, primarily focused on the generation and distribution of electricity across the upper Midwest region of the United States. It operates through its regulated utility segment, Minnesota Power, which supplies energy to residential, commercial, and industrial customers, and its renewables segment that invests in wind and solar energy projects. With a commitment to sustainability and reducing carbon emissions, ALLETE aims to transition toward cleaner energy sources while maintaining reliability and affordability for its customer base. The company's strategic initiatives and investments in renewable energy position it favorably in a market increasingly focused on energy efficiency and environmental responsibility.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 13.51% per annum.
- ALE price at the close of November 28, 2025 was $67.62 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.82% per annum.
- ALE price at the close of November 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ALE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 27, 2023
End date: November 28, 2025
a = 3.6013
b = 0.0003
s = 0.0339
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 13.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0339) – 1
= 14.52%
June 27, 2023 calculations
Top border of price channel:
Exp(Y645)
= Exp(a + b × X645 + 2 × s)
= Exp(a + b × 938 + 2 × s)
= Exp(3.6013 + 0.0003 × 938 + 2 × 0.0339)
= Exp(3.9948)
= $54.31
Bottom border of price channel:
Exp(Y645)
= Exp(a + b × X645 – 2 × s)
= Exp(a + b × 938 – 2 × s)
= Exp(3.6013 + 0.0003 × 938 – 2 × 0.0339)
= Exp(3.8591)
= $47.42
November 28, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.6013 + 0.0003 × 1,823 + 2 × 0.0339)
= Exp(4.3020)
= $73.84
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.6013 + 0.0003 × 1,823 – 2 × 0.0339)
= Exp(4.1664)
= $64.48
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 13.51% per annum.
- ALE price at the close of November 28, 2025 was $67.62 and was inside the primary price channel.
Secondary Trend
Start date: May 3, 2024
End date: November 28, 2025
a = 3.8267
b = 0.0002
s = 0.0120
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0120) – 1
= 4.91%
May 3, 2024 calculations
Top border of price channel:
Exp(Y860)
= Exp(a + b × X860 + 2 × s)
= Exp(a + b × 1,249 + 2 × s)
= Exp(3.8267 + 0.0002 × 1,249 + 2 × 0.0120)
= Exp(4.1082)
= $60.84
Bottom border of price channel:
Exp(Y860)
= Exp(a + b × X860 – 2 × s)
= Exp(a + b × 1,249 – 2 × s)
= Exp(3.8267 + 0.0002 × 1,249 – 2 × 0.0120)
= Exp(4.0603)
= $57.99
November 28, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.8267 + 0.0002 × 1,823 + 2 × 0.0120)
= Exp(4.2266)
= $68.48
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.8267 + 0.0002 × 1,823 – 2 × 0.0120)
= Exp(4.1787)
= $65.28
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.82% per annum.
- ALE price at the close of November 28, 2025 was inside the secondary price channel.