CenterPoint Energy drops from record after unveiling $550 mln convertible deal

CenterPoint Energy

23/02/2026 12:43

** Electric and gas utility CenterPoint Energy's CNP.N shares down 2.7% at $41.85 before the bell as it seeks capital raise

    ** Houston, Texas-based firm announces private offering of $550 mln convertible bonds due May 2029

    ** It intends to use net offering proceeds for general purposes, including repayment of commercial paper and other debt

    ** CNP shares on Fri rose 0.8% to notch record high close of $43, giving co
    ~$28 bln market cap

    ** Co early Thurs posted a rise in Q4 profit, and raised its 10-year capital plan as electricity demand climbs

** Through Fri, stock up 12% YTD, outperforming 8% advance in S&P 500 Utilities index .SPLRCU

    ** 9 of 18 analysts rate stock "strong buy" or "buy"; 9 "hold"; median PT $44, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))