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PNM Stock Forecast 2025-2026
$57.52
Current Price
$5.19B
Market Cap
Buy 2
Hold 4
Sell 4
Wall St Analyst Ratings
Distance to PNM Price Targets
N/A
To High Target of $N/A
N/A
To Median Target of $N/A
N/A
To Low Target of $N/A
PNM Price Momentum
+0.3%
1 Week Change
+0.9%
1 Month Change
+24.2%
1 Year Change
+17.0%
Year-to-Date Change
-0.7%
From 52W High of $57.90
+26.4%
From 52W Low of $45.52
📊 TOP ANALYST CALLS
Did PNM Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if PNM Resources is one of their latest high-conviction picks.
Latest PNM Stock Price Targets & Analyst Predictions
PNM has shown a year-to-date change of 17.0% and a 1-year change of 24.2%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for PNM. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
PNM Analyst Ratings
2
Buy
4
Hold
4
Sell
PNM Price Target Range
Low
N/A
Average
N/A
High
N/A
Current: $57.52
Latest PNM Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for PNM.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Aug 1, 2024 | Wells Fargo | Jonathan Reeder | Overweight | Maintains | $46.00 |
| Jul 22, 2024 | Barclays | Nicholas Campanella | Overweight | Maintains | $45.00 |
| May 30, 2024 | Evercore ISI Group | Greg Gordon | In-Line | Reinstates | $38.00 |
| Apr 15, 2024 | Barclays | Nicholas Campanella | Overweight | Maintains | $43.00 |
| Feb 8, 2024 | Barclays | Nicholas Campanella | Overweight | Initiates | $40.00 |
| Jan 3, 2024 | Wells Fargo | Anthony Crowdell | Overweight | Upgrade | $44.00 |
| Jan 3, 2024 | Mizuho | Anthony Crowdell | Neutral | Downgrade | $41.00 |
| Sep 26, 2023 | Mizuho | Anthony Crowdell | Buy | Upgrade | $50.30 |
| Sep 18, 2023 | Citigroup | Ryan Levine | Neutral | Maintains | $51.00 |
| Jun 22, 2023 | Citigroup | Ryan Levine | Neutral | Maintains | $51.00 |
| Jan 9, 2023 | Mizuho | Anthony Crowdell | Neutral | Downgrade | $50.30 |
| Oct 20, 2022 | Wells Fargo | Jonathan Reeder | Equal-Weight | Downgrade | $45.00 |
| Sep 7, 2022 | Mizuho | Paul Fremont | Buy | Maintains | $51.00 |
| Jun 22, 2022 | Mizuho | Paul Fremont | Buy | Upgrade | $52.00 |
| Apr 29, 2022 | Wells Fargo | Jonathan Reeder | Overweight | Maintains | $53.00 |
| Apr 27, 2022 | Wells Fargo | Jonathan Reeder | Overweight | Maintains | $54.00 |
| Feb 9, 2022 | Mizuho | Paul Fremont | Neutral | Maintains | $53.00 |
| Dec 13, 2021 | Wells Fargo | Overweight | Upgrade | $N/A | |
| Dec 10, 2021 | Barclays | Eric Beaumont | Underweight | Maintains | $45.00 |
| Dec 3, 2021 | Wells Fargo | Jonathan Reeder | Equal-Weight | Upgrade | $47.00 |
PNM Resources Inc (PNM) Competitors
The following stocks are similar to PNM Resources based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
PNM Resources Inc (PNM) Financial Data
PNM Resources Inc has a market capitalization of $5.19B with a P/E ratio of 46.4x. The company generates $1.94B in trailing twelve-month revenue with a 53.9% profit margin.
Revenue growth is +11.7% quarter-over-quarter, while maintaining an operating margin of +14.5% and return on equity of +3.6%.
Valuation Metrics
Market Cap
$5.19B
Enterprise Value
$10.15B
P/E Ratio
46.4x
PEG Ratio
N/A
Price/Sales
2.7x
Growth & Margins
Revenue Growth (YoY)
+11.7%
Gross Margin
+63.3%
Operating Margin
+14.5%
Net Margin
+53.9%
EPS Growth
+2.3%
Financial Health
Cash/Price Ratio
N/A
Current Ratio
0.5x
Debt/Equity
2.2x
ROE
+3.6%
ROA
+0.9%
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PNM Resources Inc (PNM) Business Model
About PNM Resources Inc
What They Do
Provides electricity and electric services in the U.S.
Business Model
The company operates through two segments: PNM and TNMP. PNM focuses on generating, transmitting, and distributing electricity using various energy sources, while TNMP provides regulated transmission and distribution services. Revenue is generated from residential, commercial, and industrial electricity customers in New Mexico and Texas.
Additional Information
Founded in 1882, PNM Resources, Inc. has a long history in the energy sector and is based in Albuquerque, New Mexico. The company utilizes a diverse mix of energy sources including renewable options like solar and wind, positioning itself in the evolving energy market.
Company Information
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
1,635
CEO
Ms. Patricia K. Vincent-Collawn
Country
United States
IPO Year
1984
Website
www.pnmresources.comPNM Resources Inc (PNM) Latest News & Analysis
Latest News
Quick Summary
TXNM Energy, Inc. (NYSE: TXNM) has officially changed its holding company name, effective August 2, 2024, at 5:00 PM ET.
Why It Matters
The name change of TXNM Energy, Inc. may impact brand perception and investor sentiment, potentially affecting stock performance and market positioning.
Source: PRNewsWire
Market Sentiment:
Neutral
Quick Summary
PNM Resources, Inc. will hold its Q2 2024 Earnings Conference Call on July 31, 2024, at 11:00 AM ET, featuring key executives and analysts from various firms.
Why It Matters
The earnings call provides insights into PNM Resources' financial performance and strategies, influencing investor sentiment and stock valuation based on projected growth or challenges.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
PNM Resources affirmed Q2 2024 GAAP earnings of $0.53/share, ongoing earnings of $0.60/share, and maintained guidance of $2.65-$2.75/share. Name change to TXNM Energy expected on August 5, 2024.
Why It Matters
Affirmed earnings guidance and stable EPS figures indicate financial stability, while the upcoming name change to TXNM Energy reflects a strategic shift that could impact market perception.
Source: PRNewsWire
Market Sentiment:
Neutral
Quick Summary
PNM Resources reported a year-over-year increase in Q2 2024 earnings and revenues, alongside a decline in total operating expenses.
Why It Matters
PNM Resources' rising earnings and revenues, coupled with declining operating expenses, signal improved profitability and operational efficiency, enhancing investor confidence and potential returns.
Source: Zacks Investment Research
Market Sentiment:
Neutral
Quick Summary
PNM Resources reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.55 and up from $0.55 per share a year earlier.
Why It Matters
PNM Resources' earnings beat estimates and show year-over-year growth, indicating strong financial performance and potential for stock appreciation.
Source: Zacks Investment Research
Market Sentiment:
Positive
PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5
1 year ago
Quick Summary
PNM Resources, Inc. will change its holding company name to TXNM Energy, Inc. on August 2, 2024, effective at 5:00 PM ET.
Why It Matters
The rebranding to TXNM Energy, Inc. may signal a strategic shift or new focus, impacting investor perception, stock performance, and potential market opportunities.
Source: PRNewsWire
Market Sentiment:
Neutral
Frequently Asked Questions About PNM Stock
What is PNM Resources Inc's (PNM) stock forecast for 2026?
Analyst forecasts for PNM Resources Inc (PNM) are not currently available. The stock is trading at $57.52.
Is PNM stock a good investment in 2026?
According to current analyst ratings, PNM has 2 Buy ratings, 4 Hold ratings, and 4 Sell ratings. The stock is currently trading at $57.52. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for PNM stock?
Price predictions from Wall Street analysts for PNM are not currently available. The stock is trading at $57.52.
What is PNM Resources Inc's business model?
The company operates through two segments: PNM and TNMP. PNM focuses on generating, transmitting, and distributing electricity using various energy sources, while TNMP provides regulated transmission and distribution services. Revenue is generated from residential, commercial, and industrial electricity customers in New Mexico and Texas.
What is the highest forecasted price for PNM PNM Resources Inc?
Price targets from Wall Street analysts for PNM are not currently available. The stock is trading at $57.52.
What is the lowest forecasted price for PNM PNM Resources Inc?
Price targets from Wall Street analysts for PNM are not currently available. The stock is trading at $57.52.
What is the overall PNM consensus from analysts for PNM Resources Inc?
The overall analyst consensus for PNM is neutral. Out of 10 Wall Street analysts, 2 rate it as Buy, 4 as Hold, and 4 as Sell.
How accurate are PNM stock price projections?
Stock price projections, including those for PNM Resources Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: November 15, 2025 4:57 PM UTC