CenterPoint Energy (CNP) has been involved in significant market activity recently. This includes the purchase of new positions by Sagespring Wealth Partners LLC, Harbor Capital Advisors, and others. The company is undertaking a number of measures to bolster Texas' energy needs and mitigate the state's energy crisis, sending large temporary emergency generation units to San Antonio and proposing a $200 million emergency power plan. Additionally, CNP has declared a public offering of common stock with a forward component, and launched an $800 million stock offering. The utility company has also been actively bolstering its infrastructure in light of extreme weather events, announcing the completion of a massive $1 billion grid upgrade. The company's earnings per share (EPS) forecast has led Jefferies to lift their price target. In addition, CNP continues to invest in the safety, reliability, and resiliency of its natural gas system to benefit customers. Despite these advancements, shares in CNP have been sold by Assenagon Asset Management S.A. among others, and Zacks Research issued a pessimistic forecast for the company's earnings.
Centerpoint Energy CNP News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Sat, 21 Jun 2025 19:06:16 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -3