CenterPoint Energy Mobilizes 3,300 Workers for Winter Storm Preparedness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20h ago
0mins
Source: Newsfilter
- Employee Mobilization: CenterPoint Energy has mobilized 3,300 employees and contractors to prepare for the impending winter storm, ensuring stability in electric and natural gas services across Houston and surrounding areas, reflecting the company's strong commitment to customer service.
- Emergency Preparedness: The company has established three strategic staging sites in the Greater Houston area to pre-position resources for potential restoration efforts, significantly enhancing its emergency response capabilities in adverse weather conditions.
- Infrastructure Fortification: CenterPoint has inspected and tested all 270 electric substations and positioned compressed natural gas trucks at 14 strategic locations to bolster the resilience of its electric and gas infrastructure against cold weather, ensuring service continuity during extreme conditions.
- Community Support: The CenterPoint Energy Foundation awarded a $1 million, five-year grant to The Salvation Army last year to enhance disaster response capabilities in the Greater Houston area, demonstrating the company's ongoing commitment to community resilience and safety.
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: 39.530
Low
36.00
Averages
41.80
High
45.00
Current: 39.530
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.
