
CenterPoint Energy (CNP) Stock Forecast & Price Target
CenterPoint Energy (CNP) Analyst Ratings
Bulls say
CenterPoint Energy has reported an impressive year-to-date weather-adjusted commercial and industrial (C&I) sales increase of 8% year-over-year, indicating strong demand within its customer base. The company's funds from operations (FFO) to debt ratio stands at 14.1% on a trailing twelve-month basis, which shows a modest improvement from 13.9% earlier in the year and remains within their targeted range of 14%-15%. Additionally, the growth in the un-handicapped total queue has significantly expanded to approximately 74 GW by 2031, reflecting the company's promising long-term capacity expansion prospects.
Bears say
CenterPoint Energy's stock outlook is negatively impacted by several fundamental risks, including slowing load growth in the crucial Houston market and the planned divestiture of its Ohio gas utility, which could affect revenue stability. Additionally, the company faces challenges related to higher interest rates and political risks in Texas, contributing to ongoing equity needs that may strain financial performance. Despite Fitch's adjustment to a stable outlook on its BBB rating, Moody's and S&P continue to maintain negative outlooks, highlighting broader concerns regarding the company's creditworthiness and operational risks.
This aggregate rating is based on analysts' research of CenterPoint Energy and is not a guaranteed prediction by Public.com or investment advice.
CenterPoint Energy (CNP) Analyst Forecast & Price Prediction
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