Allete inc - initiated 2020 earnings guidance range of $3.40 to $3.70 per share

Allete inc - initiated 2020 earnings guidance range of $3.40 to $3.70 per share.allete inc - reaffirm long-term objective of achieving average annual earnings per share growth of 5 to 7 percent.allete inc sees higher operating and maintenance expense in 2020 as compared to 2019.allete inc sees lower revenue due to expiring power sales agreement in april 2020, & municipal customer contract that expired in mid-2019, in 2020.allete inc sees glen ullin in-service full year and south peak in q1 of 2020.allete inc - diamond spring wind project commercial operation date anticipated in late 2020.allete inc sees higher depreciation expense due to additional plant in-service in 2020.
ALE Ratings Summary
ALE Quant Ranking