CenterPoint Energy Restores Power to Over 99% of Customers Amid Winter Storm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
0mins
Source: Yahoo Finance
- Restoration Progress: As of 6 a.m., CenterPoint Energy has restored power to approximately 27,000 customers, with less than 2,000 currently affected, demonstrating the company's effective recovery capabilities during the winter storm.
- Emergency Response Team: The company has mobilized a workforce of 3,300 workers to conduct damage assessments and restore power, ensuring rapid response under extreme weather conditions, reflecting its commitment to customer service.
- Equipment Preparedness: Prior to the winter storm, CenterPoint Energy prepared over 9,200 distribution poles and 11,500 transformers, ensuring quick restoration of power during adverse weather, thereby enhancing the company's emergency response capabilities.
- Customer Safety Reminder: The company advises customers to maintain a safe distance of at least 35 feet from downed power lines, emphasizing the importance of ensuring customer safety during extreme weather conditions.
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.
