Constellation Shares Drop 8% to $314.77 as Trump and Governors Seek to Cap Grid Auctions
Written by Emily J. Thompson, Senior Investment Analyst
Constellation drops 8% to $314.77 as Trump, governors seek to cap grid auctions
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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: 39.790
Low
36.00
Averages
41.80
High
45.00
Current: 39.790
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.
Winter Storm Fern Significantly Impacts Energy Sector and Stock Fluctuations
- Natural Gas Producers in Focus: The surge in natural gas prices due to Winter Storm Fern has put companies like Antero Resources and EOG Resources in the spotlight, with analysts predicting significant upside potential for these producers amid production disruptions.
- Equipment Manufacturers at Risk: The freezing of natural gas equipment and pipelines could halt operations for energy transfer companies such as Energy Transfer and Kinder Morgan, potentially impacting their production and revenue.
- Power Supply Assurance: PJM, the largest U.S. power grid, has warned of a potential winter peak, prompting CenterPoint Energy and Duke Energy to implement emergency plans to ensure reliable power supply during the storm.
- Airline Industry Disruption: The storm has led to the cancellation of over 9,400 flights by airlines including Delta, JetBlue, and United Airlines, causing widespread travel disruptions and affecting numerous travelers nationwide.
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CenterPoint Energy Mobilizes 2,800 Workers to Restore Power to 30,000 Customers Amid Winter Storm
- System Stability: As of 4 p.m., CenterPoint's electric system is operating as designed with less than 1% of customers affected, approximately 1,000 still experiencing outages, demonstrating the company's resilience in extreme weather conditions.
- Rapid Recovery Progress: Since 6 a.m. Saturday, CenterPoint has restored power to nearly 30,000 customers, indicating the company's efficient recovery capabilities in response to the winter storm.
- Resource Mobilization: The company has deployed over 500 contractors from nine states to support the hardest-hit areas, ensuring continued service during upcoming severe cold weather, showcasing its strong resource integration capabilities.
- Safety Reminders and Customer Communication: CenterPoint advises customers to maintain a safe distance from downed lines and utilizes Power Alert Service® to provide real-time restoration updates, enhancing customer safety awareness and information transparency.
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