Key Takeaways:
- CMS Energy's J.H. Campbell plant to remain operational by DOE orders.
- Wall Street anticipates an average 8.33% price increase for CMS stock.
- GuruFocus suggests a potential downside based on GF Value estimates.
CMS Energy (CMS, Financial) has received orders from the U.S. Department of Energy to keep its J.H. Campbell coal-fired power plant running until at least August 21. The directive aims to mitigate potential electricity shortages in the Midwest, despite some state officials questioning the necessity of this action.
Wall Street Analysts Forecast
According to one-year price targets set by 15 analysts, CMS Energy Corp (CMS, Financial) holds an average target price of $75.62, with projections ranging between a high of $83.00 and a low of $59.34. This average target suggests an upside potential of 8.33% from its current trading price of $69.81. For more comprehensive estimate data, please visit the CMS Energy Corp (CMS) Forecast page.
The consensus recommendation from 19 brokerage firms places CMS Energy Corp (CMS, Financial) with an average brokerage recommendation of 2.3, denoting an "Outperform" status. This rating is part of a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
According to estimates from GuruFocus, the GF Value for CMS Energy Corp (CMS, Financial) in the coming year is pegged at $62.36. This estimation points to a potential downside of 10.67% from the current price of $69.81. GF Value reflects GuruFocus' fair value estimate, derived from the stock's historical trading multiples, past business growth, and future performance projections. More detailed information is available on the CMS Energy Corp (CMS) Summary page.
