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Barchart
Barchart
Neha Panjwani

CenterPoint Energy Stock Outlook: Is Wall Street Bullish or Bearish?

CNP

CenterPoint Energy, Inc. (CNP), headquartered in Houston, Texas, engages in the business of power generation and distribution. Valued at $16.4 billion by market cap, it conducts activities in electricity transmission and distribution, natural gas distribution, interstate pipeline and gathering operations, and power generation.

Shares of this leading electricity and natural gas provider have struggled to keep up with the broader market over the past year. CNP has declined 11.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.1%. In 2024, CNP stock is down 10.3%, while the SPX is up 9% on a YTD basis. 

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