Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>CMS Energy’s second quarter 2026 update maintains a steady outlook rooted in a business model anchored by consistent performance, disciplined capital allocation, and a top-tier regulatory environment.</li><li>The company continues to emphasize utility investments in Michigan, focusing on long-term rate-base growth of 10.5% driven by a $24 billion investment plan.</li><li>CMS Energy reaffirmed its full-year 2026 adjusted earnings per share (EPS) guidance of $3.83 to $3.90 and introduced 2027 guidance of $4.08 to $4.17, projecting annual EPS growth of 6% to 8% in line with its long-term targets.</li></ul>

CMS Energy’s second quarter 2026 update maintains a steady outlook rooted in a business model anchored by consistent performance, disciplined capital allocation, and a top-tier regulatory environment.The company continues to emphasize utility investments in Michigan, focusing on long-term rate-base growth of 10.5% driven by a $24 billion investment plan.CMS Energy reaffirmed its full-year 2026 adjusted earnings per share (EPS) guidance of $3.83 to $3.90 and introduced 2027 guidance of $4.08 to $4.17, projecting annual EPS growth of 6% to 8% in line with its long-term targets.

CMS Energy Is Not Just Simplifying — Nearly 100% Of Growth Turns Regulated!

Cms Energy Corp

CMS Energy Is Not Just Simplifying — Nearly 100% Of Growth Turns Regulated!