CenterPoint Energy Surges to 143rd in Trading Rankings with $561 Million Turnover Despite Stock Decline

On May 28, 2025, CenterPoint Energy (CNP) saw a significant surge in trading volume, with a total turnover of $561 million, marking a 232.68% increase from the previous day. This substantial volume placed CNP at the 143rd position in the day's trading rankings. However, despite the high trading volume, CNP's stock price experienced a decline of 1.46%.

CenterPoint Energy has announced a public offering of its common stock, aiming to raise $800 million. The offering, which is being made pursuant to CenterPoint's effective shelf registration statement filed with the U.S. Securities and Exchange Commission, includes approximately 21.62 million shares priced at $37.00 each. The underwriters for this deal are BofA, Mizuho, and JPMorgan, with Barclays, Citi, and RBC Capital acting as joint book-running managers. This move is part of CenterPoint Energy's strategy to strengthen its financial position, with analysts suggesting a moderate upside potential for the company.