CNP Stock Forecast: Growing with Transformations and Risks
This CNP Stock Forecast article was written by Yuxiao Yang – Financial Analyst at I Know First.
Summary:
- CenterPoint Energy had achieved its goal of becoming a pure-play regulated utility to exit the midstream sector.
- The company is shifting its business mix more towards electric, it projected a 2022 year-end rate base of $20 billion is estimated to be about 62% electric.
- Continued disruptions to the global supply chain could bring potential risks for CenterPoint Energy to fully execute its 10-year capital plan.