NEW YORK ( TheStreet) -- CenterPoint Energy (NYSE: CNP) is trading at unusually high volume Friday with 15.4 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.39 (+9.2%) at $16.59 as of 12:26 p.m. ET.

CenterPoint Energy has a market cap of $6.5 billion and is part of the utilities sector and utilities industry.

CenterPoint Energy, Inc., through its subsidiaries, operates as a public utility company in the United States.

TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full CenterPoint Energy Ratings Report.

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