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home / news releases / pnm resources renewables path uncertain but don t be

SPY - PNM Resources: Renewables Path Uncertain But Don't Bet On Merger

SPDR S&P 500
  • PNM Resources is an under-followed electric utility in New Mexico and Texas.
  • The company has some ambitious environmental goals but appears uncertain on how to achieve them.
  • The company's failure to get regulators to agree to a merger is further concerning since it appears that was the company's only plan for the future.
  • PNM Resources' finances appear reasonably okay and it should be able to deliver reasonable EPS growth even if the merger ultimately fails.
  • The 3.06% dividend yield appears secure.

For further details see:

PNM Resources: Renewables Path Uncertain But Don't Bet On Merger
Stock Information
Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE
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