
CMS Energy (CMS) Stock Forecast & Price Target
CMS Energy (CMS) Analyst Ratings
Bulls say
CMS Energy has demonstrated solid year-over-year growth, with a total earnings increase of $0.05 per share, driven by contributions of $0.08 from its electric utility and $0.14 from its gas utility. Positive factors for the electric utility included $0.11 in rate relief and $0.05 from increased sales, attributable to favorable weather conditions compared to the previous year. The company's outlook remains favorable, supported by expectations of continued multiple expansion linked to its premium and visible above-average earnings growth, alongside anticipated higher capacity pricing at DIG.
Bears say
The outlook for CMS Energy's stock is negatively impacted by several fundamental concerns, including tightening monetary policy and a deceleration in the rate base growth, which could hinder the company's financial performance. Additionally, the risk posed by potential changes to macroeconomic conditions and legislation, such as a repeal of the Inflation Reduction Act (IRA), could adversely affect the viability of NorthStar's renewable energy projects by raising their hurdle rates. Although CMS reported a first-quarter EPS of $1.02, surpassing estimates, these underlying issues suggest ongoing vulnerabilities that may constrain future growth and profitability.
This aggregate rating is based on analysts' research of CMS Energy and is not a guaranteed prediction by Public.com or investment advice.
CMS Energy (CMS) Analyst Forecast & Price Prediction
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