CenterPoint Energy dips after $800 mln stock offering launch

Shares of utility CenterPoint Energy CNP.N down 1.8% post-market to $37.07 as it seeks capital raise

Houston, Texas-based co commences $800 mln stock offering with forward sale component

It plans to enter into forward sales agreements with bookrunners BoFA, Mizuho and JP Morgan

Upon settlement of such agreements, expected to occur no later than Feb 25, 2027, CNP plans to use net proceeds for general purposes, including commercial or other debt repayment

With ~652.7 mln shares outstanding, CNP has ~$24.6 bln market cap

CNP shares on Tues closed up 0.4% at $37.73

Per investor update, co now expects to spend $52.5 bln through 2030, about a month after it raised its 10-yr capex plan by $1 bln to $48.5 bln, betting on surge in AI power demand

YTD, stock up 19% vs S&P 500 Utilities index's .SPLRCU ~7% advance