CenterPoint Energy Mobilizes 700 Workers for Winter Storm Preparedness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 52m ago
0mins
Source: PRnewswire
- Emergency Preparedness: CenterPoint Energy has mobilized 100% of its 3,300 line workers and contractors to be in place by 12 p.m. Saturday, demonstrating the company's strong commitment to customer and community safety in anticipation of the winter storm.
- Resource Deployment: The company has deployed over 700 natural gas workers and contractors to two strategic staging areas in the Greater Houston area, aiming to ensure rapid response to weather-related impacts and maintain service continuity during extreme conditions.
- Safety Reminder: CenterPoint advises customers to maintain a safe distance of at least 35 feet from downed power lines and to report any such incidents immediately, highlighting the company's focus on public safety amidst severe weather.
- Customer Communication: The company encourages electric customers to enroll in the Power Alert Service® to receive updates on winter storm outages and estimated restoration times, ensuring that customers have timely access to critical information and support during extreme weather events.
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.
