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CenterPoint Energy, Inc. (CNP) Faces Investor Lawsuit: What You Need to Know

16 July, 2024 | 2 Min Read

tickers: CNP

source: Benzinga

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CNPpositivelyThe ticker CNP, representing CenterPoint Energy, could potentially benefit from strategic initiatives to expand their renewable energy portfolio. Such advancements align with global trends towards sustainable energy solutions, which can lead to increased investor confidence and potentially enhance the company’s market value.

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Bronstein, Gewirtz & Grossman Investigating CenterPoint Energy on Behalf of Investors

New York, NY — Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of CenterPoint Energy, Inc. (“CenterPoint”) securities. The investigation concerns whether CenterPoint has violated federal securities laws. On July 8, 2024, Hurricane Beryl made landfall in Texas as a Category 1 storm, leaving approximately 2.2 million CenterPoint customers without power. Six days later, on July 14, Texas Governor Greg Abbott demanded an investigation into CenterPoint’s response to the hurricane. Governor Abbott criticized CenterPoint for not having “an adequate number of workers pre-staged” before the storm hit. As a result of this news, CenterPoint’s stock price fell $2.02 per share, or 6.67%, to close at $28.28 per share on July 15, 2024. Contact:

  • Peretz Bronstein
  • Nathan Miller

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors.

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