CenterPoint Energy slips after boosted $600 mln convertible bonds sale

CenterPoint Energy

24/02/2026 14:40

** Electric and gas utility CenterPoint Energy's CNP.N shares down 0.9% at $42.50 early Tues after above-target raise

    ** Houston, Texas-based CNP late Mon announced pricing pr
    ivate offering of $600 mln 2.875% convertible bonds due May 2029

    ** Offering size increased from $550 mln; initial conversion price of $53.61 is 25% premium to stock's last close of $42.89

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

    ** Including move on the session, CNP shares up ~11% YTD and comfortably above ~8.5% advance in S&P 500 Utilities index .SPLRCU

    ** Early last Thurs, co

      posted a rise in Q4 profit and raised its 10-year capital plan as electricity demand climbs

    ** 9 of 17 analysts rate stock "strong buy" or "buy"; 8 "hold"; median PT $44, per latest LSEG data

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

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