IDA - CMS Energy Rides on Investments and Renewable Expansion | Benzinga
CMS Energy Corporation (NYSE: CMS) is making systematic investments to strengthen its operations and benefit by providing high-quality services to its customers. The company is also expanding its renewable generation portfolio, thereby reducing coal-generating units to further promote clean energy.
However, this Zacks Rank #3 (Hold) company is exposed to unfavorable costs associated with the shutdown of solid waste disposal facilities for coal ash and fluctuating commodity prices, which act as a headwind.
Tailwinds
CMS Energy is investing heavily in infrastructure renovations, infrastructure replacements and clean power production to increase customer satisfaction and improve the resiliency of its operation. CMS Energy plans to make capital expenditures worth $17 billion during the 2024-2028 period.
CMS Energy intends to install roughly 8,000 MW of solar production by 2040. It also plans to deploy battery storage, beginning in 2024, with 75 MW of energy storage by 2027 and an additional 475 MW by 2040. The ...