PNM Resources: Medium Term Growth Potential But Less Financial Flexibility (NYSE:PNM)

LeoPatrizi PNM Resources, Inc. (NYSE:PNM) is an energy holding company whose two regulated utilities collectively provide electricity to over 800,000 homes and businesses in New Mexico and Texas. PNM Resources has two regulated utility segments, PNM, a vertically integrated electric utility in New Mexico with distribution, transmission and generation assets, and TNMP, an electric transmission…

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PNM Resources Stock: Debate Hinges On Merger, Economic Value Absent Either Way (NYSE:PNM)

Matteo Colombo Investment Briefing Broad-based utility companies are currently in a favourable position to capture risk premia stemming from various macro-crosscurrents. In light of this, it is prudent to consider screening the larger providers. Under this convention, PNM Resources, Inc. (NYSE:PNM) came onto our radar as a potentially selective opportunity. PNMR is a holding company…

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