Mizuho Securities Downgrades CenterPoint Energy (CNP) to Neutral, 'First Place Is as Good as It Gets'

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Go back to Mizuho Securities Downgrades CenterPoint Energy (CNP) to Neutral, 'First Place Is as Good as It Gets'

CenterPoint Energy Reports Continued Strong Earnings Results, Reiterates 2023 Guidance, and Raises 2023 Capital Plan

July 27, 2023 6:25 AM EDT

Reported GAAP earnings of $0.17 per diluted share for Q2 2023 Reported non-GAAP earnings per diluted share (non-GAAP EPS) of $0.28 for Q2 2023 Increased 2023 capital plan by $400 million or more than 11% to $4 billion in 2023 and $43.4B over the 10-year plan through 2030 Non-GAAP EPS guidance range for 2023 reaffirmed at $1.48-$1.50, which represents 8% growth over 2022 results at the midpoint; and further reiterated growth targets of 8% for 2024 and the mid-to-high end of 6%-8% annually thereafter, through 20301

HOUSTON--(BUSINESS... More