Jim Cramer Says He Thinks CMS Energy is “Fine”

CMS Energy Corporation (NYSE:CMS) is one of the stocks Jim Cramer offered insights on. A caller asked about the stock during the lightning round, and Cramer said, “Consumers Energy, I like Consumers Energy. I think it’s fine. It’s good.”

Photo by Jason Blackeye on Unsplash

CMS Energy Corporation (NYSE:CMS) provides electricity and natural gas through extensive generation, transmission, and distribution networks, using sources such as coal, gas, wind, nuclear, and renewables. Additionally, the company develops and operates renewable energy projects, serving millions of residential, commercial, and industrial customers. On September 9, CMS Energy Corporation (NYSE:CMS) agreed to sell its 13 hydroelectric dams to Confluence Hydro, a subsidiary of Hull Street Energy, to reduce long-term costs while maintaining safety and supporting local economic and recreational needs. The deal, which includes a 30-year power supply contract and requires regulatory approval, will transfer operations to a “buyer who has a focus on river hydro generation,” according to the V.P. of the company, Jean Kang.

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Disclosure: None. This article is originally published at Insider Monkey.