Wells Fargo raised the firm’s price target on CenterPoint Energy (CNP) to $40 from $35 and keeps an Equal Weight rating on the shares. The firm cites a favorable Q1 update. The company layered another $1B to the capex plan, while highlighting at least $3B of remaining upside through 2030, Wells notes. While the rate case schedule is light, CEHE plans to make the Beryl recovery/securitization filing shortly.
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