Scotiabank and Barclays maintain their ratings recommendations for
CenterPoint Energy. Scotiabank forecasts a
strong price appreciation for the utility company's stock and reports a buy. Meanwhile,
Morgan Stanley reaffirms their hold rating. In the aftermath of severe storms,
CenterPoint has restored power to roughly 124,000 customers in
Houston. The company also announced its
exit from the Ohio natural gas market, selling its distribution business to National Fuel Gas Company for
$2.62 billion. This sale seems to align with the company's strategy to focus more on its operations in Texas. Despite a margin decline, the
robust growth of the stock still leaves room for upside. Wall Street Zen upgrades CenterPoint Energy to hold. In Q3 2025,
CenterPoint beat earnings and revenue estimates, reflecting strong compliance and transparency in their financial reporting. They also reiterated guidance for FY25 and FY26, showing resilience and ambitious growth plans. Nevertheless, caution is advised as the stock’s current valuation appears premium.
Centerpoint Energy CNP News Analytics from Mon, 29 Sep 2025 07:00:00 GMT to Sun, 26 Oct 2025 00:02:14 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor 4
