CenterPoint Energy Inc. (NYSE: CNP). Extremely significant positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Recent small positive changes in fundamentals have benefitted CenterPoint Energy Inc. (NYSE: CNP): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CNP is expected to continue to be an important Value Builder.
CenterPoint Energy has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CenterPoint Energy has a neutral Appreciation Score of 45 and a neutral Power Rating of 54, and the Neutral Value Trend Rating results.
Recent Price Action
On 9/30/24, CenterPoint Energy Inc. (NYSE: CNP) stock increased 1.1%, closing at $29.42. However, this advance was accompanied by below average trading volume at 76% of normal. The stock has performed in line with the market over the last nine months and has risen 4.4% during the last week.
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