CenterPoint cleared by Indiana regulator for 400 MW of renewable energy

  • CenterPoint Energy (NYSE:CNP) says it received approval from the Indiana Utility Regulatory Commission to acquire a 300 MW solar array and purchase an additional 100 MWs of solar energy as part of the company's long-term electric generation transition plan.
  • CenterPoint says construction of the solar project with Arevon Energy, which will require establishing a sub-station to interconnect with CenterPoint's power grid, is scheduled to be in service by 2023.
  • The solar array is anticipated to generate enough power to meet the needs of more than 50K households per year.

    Over the current book year the total revenue from the company in Houston will be 7.96 billion USD (consensus estimates). This is slightly more than 2021's revenue of 7.42 billion USD.

    Historical revenues and results CenterPoint Energy plus estimates 2021

    fundamantele data

    The analysts expect for 2021 a net profit of 886 million USD. Most of the analysts anticipate on a profit per share of 1.43 USD. The price-earnings-ratio equals 18.65.

    Per share the analysts expect a dividend of 60 cents per share. Thus the dividend yield equals 2.25 percent. The average dividend yield of the energy companies is an attractive 2.96 percent.

    CenterPoint Energy's market capitalization is based on the number of outstanding shares around 13.39 billion USD. 20

    On Friday the stock closed at 26.67 USD.

    Historical stock prices CenterPoint Energy

    fundamental research centerpointenergy

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