CenterPoint Energy (CNP) reports a
revenue increase with
Q2 earnings exceeding expectations. However, CNP stocks have underperformed when compared to competitors, prompting
stock downgrades by BMO and JP Morgan, potentially influenced by a recent strategy shift in regulatory policy and storm response criticisms. CenterPoint is requesting Houston customers to cover $2B in storm-related expenses.
Q2 2024 earnings for CNP exceeded projections for
EPS and revenue, although they also face investor fraud investigations by the Schall Law Firm. Amidst this, the
company's electric utility business head is to depart. CenterPoint also plans to address Hurricane Beryl restoration costs which may reach up to $1.3B, causing a dip in their stocks.
2024 earnings guidance has been issued by the company, and
shareholder annual meeting for 2024 has been announced. CNP is also faced with investigations by Bronstein and shareholder alerts from the Pomerantz firm. However, despite these numerous setbacks, some view it as a long-term value stock. In other developments, the company has announced the sale of its gas assets in Louisiana and Mississippi to Bernhard Capital Partners for $1.2B.
Centerpoint Energy CNP News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sat, 03 Aug 2024 10:36:29 GMT -
Rating -5
- Innovation 0
- Information 8
- Rumor -3
