$CMS

CMS Energy (NYSE: CMS) will release its 2026 third-quarter results and business outlook on October 27, 2026, at 10:00 a.m. EDT. The presentation will be webcast and an audio replay will be available for 30 days. CMS Energy is a Michigan-based energy company.

BMO Capital reduced its price target for CMS Energy (NYSE:CMS) to $73 from $77, citing a pending rate case and other factors. The stock is near its 52-week low, down 17% in six months. CMS reported Q2 2026 earnings of $0.37 per share on $1.83B revenue, missing estimates but reaffirming its full-year outlook. Scotiabank maintained a $78 target, while Bank of America noted sector strength.

Peter Thiel's investment firm, Thiel Macro LLC, disclosed a $418.67 million equity portfolio across eight companies, with Amazon as the largest holding at $118 million. The portfolio also includes energy companies like Vistra Corp., American Electric Power, and DTE Energy, suggesting a focus on AI infrastructure and power supply. Thiel's investments indicate a belief that power, not just software, is a limiting factor for AI development.

The U.S. Energy Department, led by Secretary Chris Wright, continues to issue orders for coal plants to stay open despite a court ruling against its emergency powers. The department ordered units at Indiana's R.M. Schahfer and F.B. Culley plants to remain available. The court vacated a prior order for Michigan's J.H. Campbell plant, citing states' responsibility for energy reliability. The Campbell plant's operation cost $259 million, with a $5 million profit for its owner, Consumers Energy.

A federal appeals court vacated a Trump administration order extending operations for the J.H. Campbell Coal Plant in Michigan, ruling the Department of Energy exceeded its emergency authority. The plant's owner, Consumers Energy, plans to retire the facility, expecting $600M in savings by 2040. The court's decision may impact ratepayers in multiple states.

The U.S. Court of Appeals overturned a DOE order to keep the J.H. Campbell coal plant in Michigan open, potentially saving Wisconsin ratepayers $117 million. The plant's operator, Consumers Energy, spent $295 million to keep it running. The DOE argued closure could cause electricity shortages. The court ruled the DOE lacked authority to force the plant's operation. Wisconsin ratepayers still owe over $1 billion in costs for retired coal plants.

Peter Thiel's fund, Thiel Macro LLC, reported $418.7M in US stock holdings as of 30 June 2026, with Amazon as the largest position at $118M. The portfolio is heavily weighted towards power and energy names, which account for 71.82% of the total value. The filing follows two quarters with no reported holdings.

A federal appeals court vacated the DOE's order to delay the retirement of Consumers Energy's J.H. Campbell coal plant, citing state authority over energy resources. The court ruled the DOE lacked authority under the Federal Power Act. The plant's retirement was approved by state and regional entities. The DOE could appeal. Consumers Energy reported $259M net cost for compliance.

A federal appeals court ruled the U.S. Department of Energy exceeded its authority in keeping Michigan's J.H. Campbell Coal Plant open, vacating the order. The plant's owner, Consumers Energy, had planned to retire it. The ruling may impact similar orders for plants in Indiana, including those operated by CenterPoint Energy and NIPSCO, which have complied with the DOE's extensions.

A U.S. appeals court overturned a DOE order to keep the J.H. Campbell coal plant in Michigan open, sparing Wisconsin ratepayers from covering its operating costs. The DOE had argued the plant's closure could cause electricity shortages, but the court questioned its authority. Consumers Energy, the plant's operator, spent at least $295 million to keep it running. Wisconsin Gov. Tony Evers and ratepayer groups opposed the extension.