NASDAQ · STOCK
CMS Energy
$71.98
52W $68.64 – $80.36
47/100
$22.57B
21.3
0.34
Is CMS Bullish or Bearish?
Mixed.
Innellis AI committee rates CMS Energy (CMS) Watch with a composite score of 47/100
, based on 7 analysts with 71% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +13.15 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -6.85 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee sees neither a compelling opportunity nor a clear risk at this stage. Conditions remain neutral — patience is warranted.
Bull & Bear Case
Bull Case
- Dividend yield of 3.2% pays you to wait — Value
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- Debt-to-equity of 2.07 adds balance-sheet risk to the value case — Value
- EPS declining -1.9% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- High leverage (debt-to-equity 2.07) amplifies downside in a stress scenario — Risk
- Current ratio of 0.98 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
47/100
Agreement
71%
Analysts
7
Conviction
Moderate
Sector Rank
Top 95%
of 45 Utilities peers
Value Analyst
neutral
50
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Dividend yield of 3.2% pays you to wait
− Debt-to-equity of 2.07 adds balance-sheet risk to the value case
Growth Analyst
bearish
32
/ 100 · High confidence
Growth story is weak, decelerating, or inconsistent
− EPS declining -1.9% YoY despite any revenue growth
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 2.07) amplifies downside in a stress scenario
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 49.8 to 46.9.
- New bearish signals: 3 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Growth Analyst, Macro Analyst.
Analyst-level changes:
- Growth Analyst: stance neutral->bearish; score 50->32 (-18); +1 bearish signal(s).
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Technical Analyst: score 48->54 (+5); +1 bullish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
29.2
Oversold
MACD Histogram
-0.255
Bearish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Mixed
Support
$71.53
Resistance
$72.37
Bollinger %B
0.05
Inside Bands
Price vs Moving Averages
EMA 9
$73.50
Below
EMA 21
$74.11
Below
EMA 50
$74.42
Below
EMA 200
$73.90
Below
Fundamental Analysis
Valuation
88
Growth
34
Profitability
0
Financial Health
18
Cash Flow
8
Valuation
P/E Ratio
21.3×
P/B Ratio
2.21×
PEG Ratio
-72.20
Dividend Yield
0.03%
52W High
$80.36
52W Low
$68.64
Quality & Growth
ROE
11.7%
ROA
2.6%
Gross Margin
69.7%
Operating Margin
18.9%
Revenue Growth YoY
—
Debt / Equity
1.97
AI Fundamental Assessment
P/E ratio of 21.3 (inexpensive relative to a 15-40x range); Price-to-book of 2.2x; PEG ratio of -72.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.1%; Return on assets of 0.0%; Net margin of 0.1%; Gross margin of 0.7%; Current ratio of 0.92 (tight short-term liquidity); Debt-to-equity of 1.97; Free cash flow margin of -0.9% (thin cash generation); Free cash flow per share is negative (-6.35); Most recent quarter beat estimates by 1.6%; 2 consecutive earnings beats; EPS growth decelerating (+20.2% -> -67.3% QoQ); Average YoY EPS growth of -47.9%; Analyst estimates falling over recent quarters
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