Alert: Negative Investment/Fundamental Signals (12/26/23)-CenterPoint Energy Inc. (NYSE: CNP)


Recent extremely meaningful negative changes in investment behavior have impacted CenterPoint Energy Inc. (NYSE: CNP): the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.

Meaningful negative changes in fundamentals have recently occurred for CenterPoint Energy Inc. (NYSE: CNP): the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

CNP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

CenterPoint Energy has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. CenterPoint Energy has a neutral Appreciation Score of 57 and a neutral Power Rating of 49, and the Neutral Value Trend Rating results.

Recent Price Action

CenterPoint Energy Inc. (NYSE: CNP) stock rose modestly by 0.4% on 12/26/23. The stock closed at $28.50. However, this advance was accompanied by unusually low trading volume at 53% of normal. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.

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