The market's over-optimism about ALLETE, Inc.'s growth forecast five years ago may have been misplaced. The company's future earnings growth is critical. The business might be stabilizing as the TSR has been reducing at a rate of 2% per year over five years.
New Energy's COO, Dean Eastlake, is confident in Ahrens' ability to make an immediate impact in his new role. Ahrens is excited to build upon New Energy's strong foundation and lead the deployment of renewables.
The appointment of Jackie Chambers, with her extensive experience in solar project finance, is expected to drive New Energy Equity's financial goals and accelerate future growth.
ALLETE's P/E ratio is low due to its below-average forecasted growth. The potential for earnings improvement seems inadequate to justify a higher P/E ratio, potentially limiting its share price growth.
The steady EPS growth and fair CEO compensation suggest that ALLETE prioritizes shareholder interests. These factors, coupled with its profit growth, could make the company an attractive investment.
ALLETE's improved EPS doesn't seem to have swayed market valuation. Earlier market optimism may have set the bar too high. While dividends remained steady, the downturn in share price needs more research. Last year, shareholders saw a total return of 3.9%, below market return.
Gainers •$GameStop (GME.US)$+14.16% (to seek approval for 3.33-for-l stock split) •$Sage Therapeutics (SAGE.US)$+5.7% (announces presentation of promising results from the Phase 2 LUMINARY Study of SAGE-718 in patients with mild cognitive impairment and mild dementia due to Alzheimer's Disease) •$Baozun (BZUN.US)$+6% (announces repurchase right notification for 1.625% Convertible Senior Notes due 2024) •$XPeng (XPEV.US)$+8.9% (annou...
Tonyco : what's this got to do with maxn?
70205719 : it is none of MAXN business.
Stock_Drift OP 70205719 : Ha!! I was waiting for this. You win!!! Fine job!!
Stock_Drift OP Tonyco : Nothing. I was kidding around as $Maxeon Solar Technologies (MAXN.US)$ keeps sitting around doing nuttin!!!