OGE - CenterPoint Energy: Pivoting Away From Enable Midstream And Coal Could Close Valuation Discount
- CenterPoint is said to be considering selling its stake in Enable Midstream. It's new CFO is likely to be strongly in favor of the move.
- The company has also laid out a blueprint to replace coal capacity with solar and wind energy.
- CenterPoint's valuation has been penalized due to its unstable cash flow from Enable.
- If both initiatives come to fruition, CenterPoint would become a more pure-play utility and the stock could shake off its estimated 40% discount to peers.
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CenterPoint Energy: Pivoting Away From Enable Midstream And Coal Could Close Valuation Discount