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MarketScreener Homepage  >  Equities  >  Nyse  >  CMS Energy Corporation    CMS

CMS ENERGY CORPORATION

(CMS)
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CMS Energy Purchases 51% Ownership in Texas Wind Farm

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07/30/2020 | 04:29pm EDT

By Michael Dabaie

 

CMS Energy said it purchased a 51% majority stake in Aviator Wind, a 525-megawatt wind energy project in Texas that will support efforts by Facebook Inc. and McDonald's Corp. to achieve clean energy goals.

The project will start operations by fall 2020 in Coke County, about 250 miles southwest of Dallas, CMS said. Aviator Wind will be operated by CMS Enterprises, a subsidiary that develops, owns and operates utility-scale renewable energy facilities, including wind and solar.

CMS Enterprises owns and operates 11 independent power plants and more than 1,800 megawatts of generation in the U.S., the company said.

CMS said Aviator Wind will help Facebook reach its goal to reduce its greenhouse gas emissions by 75% and support 100% of its operations with renewable energy this year.

McDonald's set a greenhouse gas emissions reduction target approved by the Science Based Targets initiative. "Through this project, we're able to significantly generate progress toward our Climate Action Target to reduce emissions related to McDonald's restaurants and offices by 36% by 2030," said Emma Cox, sustainability manager for McDonald's.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
CMS ENERGY CORPORATION 0.15% 65.85 Delayed Quote.4.79%
FACEBOOK INC 2.40% 284.79 Delayed Quote.38.75%
MCDONALD'S CORPORATION -0.19% 228.71 Delayed Quote.15.74%
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Financials (USD)
Sales 2020 6 893 M - -
Net income 2020 753 M - -
Net Debt 2020 14 381 M - -
P/E ratio 2020 24,9x
Yield 2020 2,48%
Capitalization 18 851 M 18 851 M -
EV / Sales 2020 4,82x
EV / Sales 2021 4,82x
Nbr of Employees 8 162
Free-Float 99,4%
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Technical analysis trends CMS ENERGY CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 65,37 $
Last Close Price 65,85 $
Spread / Highest target 12,4%
Spread / Average Target -0,73%
Spread / Lowest Target -28,6%
EPS Revisions
Managers
NameTitle
Patricia K. Poppe President, Chief Executive Officer & Director
John G. Russell Chairman
Garrick J. Rochow Executive Vice President-Operations
Rejji P. Hayes Chief Financial Officer & Executive Vice President
Tamara J. Faber-Doty Chief Digital Officer & Vice President-Technology
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