- 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