ALLETE, Inc. Hits New 52-Week Low at $62.38 Amid Struggles

ALLETE, Inc., a small-cap player in the power industry, has recently reached a new 52-week low, trading at USD 62.38 as of September 16, 2025. This marks a significant decline for the company, which has seen its stock performance dip by 0.6% over the past year, contrasting sharply with the S&P 500's gain of 17.58% during the same period.
The company's market capitalization stands at USD 3,678 million, with a price-to-earnings (P/E) ratio of 32.00. ALLETE's financial metrics reveal a return on equity of 3.71% and a price-to-book ratio of 1.29. However, the company has faced challenges, including a decline in operating profit at an annual rate of -0.67% over the last five years.

In its latest financial results, ALLETE reported an operating cash flow of USD 430.2 million, the lowest in recent years, alongside a notable increase in raw material costs by 29.94% year-over-year. The company's interest coverage ratio also hit a low of 402.16. With a return on capital employed (ROCE) of 3.53%, ALLETE's valuation appears high relative to its performance, contributing to its recent stock activity.