- Renewables have proven to be a very popular and profitable investment theme over the past year.
- CMS Energy has one of the most ambitious climate change programs of any utility in the United States, which could position it well for forward growth.
- The company may struggle to achieve its goals in the near-term until energy-storage technology catches up.
- The company has a rather high debt load compared to its peers, which could turn off more conservative investors.
- The valuation and dividend appear reasonable, although it does lack free cash flow.
For further details see:
CMS Energy: Ambitious Renewable Energy Goals, Some Possible Challenges