CMS Energy (CMS)
NYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-07-07
$77.03+0.98%
Close 2026-07-07 · 1-day change
Reading CMS? This analysis is rebuilt every market day. Get it tracked free. No credit card.
Track CMS free→NYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-07-07
Reading CMS? This analysis is rebuilt every market day. Get it tracked free. No credit card.
Track CMS free→CMS Energy aims for adjusted earnings near $3.9 per share in 2026. Revenue grew 11% year over year in Q1 2026. The company has a strong plan to raise up to $3 billion through equity sales. Profit margins and earnings are stable with no recent market stress.
CMS Energy faces a soft guidance outlook which may limit earnings growth. The equity offering could dilute shares and pressure the stock. Revenue growth may slow below analyst expectations near 4%.
The price is about 8% above our fair value near $71. Analysts expect about 4% revenue growth. Our fair value is 12.5% below the Street median, showing some caution.
Breaks if: EPS falls below $3.83 in FY26
CMS Energy continues to reaffirm its 2026 adjusted earnings guidance of $3.83 to $3.90 per share.
Stated in 3 of last 3 quarters. CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share. Revenue increased from $2.02B in 2025-Q3 to $2.73B in 2026-Q1, indicating progress towards meeting guidance. The trajectory is delivering as expected.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share.”
“CMS Energy raised its 2026 adjusted earnings guidance to $3.83 to $3.90 from $3.80 to $3.87 per share.”
“The company also initiated 2026 adjusted earnings guidance of $3.80 to $3.87 per share.”
Breaks if: Equity offering program is canceled or fails to launch
CMS Energy has initiated an equity offering program with a sales price of up to $3 billion.
Newly stated in 2026-Q2. CMS Energy initiated an equity offering program with a sales price of up to $3 billion. This strategic move is aimed at capital allocation, but its impact on financials is yet to be seen as it is a recent development.
“CMS Energy filed a prospectus supplement for an equity offering program up to $3 billion.”
Breaks if: Revenue growth falls below 3.9% YoY