Why Shares of CenterPoint Energy Rose 11% in December
Shares of CenterPoint Energy (NYSE: CNP), a gas and electric utility based in Houston, rose 11% in December, according to data provided by S&P Global Market Intelligence. This was a partial reversal from November, when the company's stock suffered a 15.5% decline.
The reason for the December jump in CenterPoint's shares was a new development in the case that was responsible for the stock's big November drop.
Houston-based CenterPoint Energy is hoping for a rate increase in its top market to help it outperform. Image source: Getty Images.
Source Fool.com
