TXNM
PNM Energy (NYSE: TXNM) submitted an application with the New Mexico Public Regulation Commission detailing...
Article Summary
HOLD- PNM Energy (NYSE: TXNM) submitted an application with the New Mexico Public Regulation Commission detailing resources selected to address growing customer demand, system reliability needs and the state's clean-energy requirements.
- The plan advances PNM's transition to 100% carbon-free electricity under the Energy Transition Act during a period of significant growth, including additions of wind, solar and storage resources and marks the complete elimination of coal as a generation source for PNM customers in 2031, a historic milestone for New Mexico.
- PNM is forecasting a 40% increase in customer electricity demand by 2032 driven by load growth and state's economic development efforts, with proposed new resources designed to meet the increase in demand while ensuring existing customers are not burdened by costs created by new large load customers.
- TXNM Energy is seeking approval for additional 50 - 250 MW of resources being solicited through supplemental request for proposals and will be included in a subsequent filing in 2026, together with additional wind resources secured from third parties as part of its $4.9 billion 5-year investment plan.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 8.5% | 25% | 35.0 ptsBelow Screener (8.5%) - Weak growth |
| EPS Growth Next 5Y ? | 15.3% | 25% | 50.0 ptsMeets Minimum (15.3%) - Passes screener |
| Target Price Upside ? | 3.3% | 20% | 20.0 ptsMinimal Upside (3.3%) - Target: $61.17 vs Current: $59.24 |
| Gross Margin % ? | 38.5% | 15% | 60.0 ptsSolid (38.5%) - Decent margins |
| Drawdown from 52-Wk High ? | -0.5% | 15% | 20.0 ptsBarely a Dip (-0.5%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About TXNM
- TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States.
- The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate.
- It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory.
- It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas.
- The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024.
- TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.