CenterPoint Energy Mobilizes 3,300 Workers for Power Restoration Amid Winter Storm in Greater Houston
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Power Restoration Progress: The winter storm has caused outages in the Greater Houston area, currently affecting about 2,000 customers, but approximately 27,000 customers have been restored since Saturday morning, demonstrating the company's rapid response capability.
- Workforce Mobilization: CenterPoint Energy has mobilized 3,300 workers to conduct damage assessments and restore power, ensuring service is resumed as quickly as possible under extreme weather conditions, reflecting the company's commitment to its customers.
- Safety Reminder Measures: The company advises the public to maintain a safe distance of at least 35 feet from downed power lines to prevent electrocution risks and encourages timely reporting of downed lines to ensure community safety.
- Emergency Preparedness Actions: CenterPoint activated its Emergency Operations Center on January 21 and conducted comprehensive preparations ahead of the winter storm, including adhering to annual winterization requirements from the Electric Reliability Council of Texas to enhance the resilience of the power system.
Analyst Views on CNP
Wall Street analysts forecast CNP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNP is 41.80 USD with a low forecast of 36.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 38.870
Low
36.00
Averages
41.80
High
45.00
Current: 38.870
Low
36.00
Averages
41.80
High
45.00
About CNP
CenterPoint Energy, Inc. is an energy delivery company. The Company, through its subsidiaries, owns and operates electric transmission, distribution and generation facilities and natural gas distribution systems. Its segments include Electric and Natural Gas. The Electric segment includes electric transmission and distribution services that are subject to rate regulation in Houston Electric's and Indiana Electric's service territories. The Natural Gas segment includes intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Minnesota, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Ohio and Texas through a third party.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
