TXNM Energy Gains Approval for Rate Increases

TXNM Energy ( (TXNM) ) has shared an update.

On May 15, 2025, the New Mexico Public Regulation Commission approved PNM’s 2025 Rate Request application, allowing a $105 million increase in revenue requirements to be phased in starting July 1, 2025, with a completion date of April 1, 2026. Additionally, TNMP received approval from the Public Utility Commission of Texas for a $25 million annual rate increase to recover distribution costs, effective approximately 45 days after approval. These regulatory approvals are significant for TXNM Energy‘s operations, impacting its financial structure and market positioning.

The most recent analyst rating on (TXNM) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on TXNM Energy stock, see the TXNM Stock Forecast page.

Spark’s Take on TXNM Stock

According to Spark, TipRanks’ AI Analyst, TXNM is a Outperform.

TXNM Energy’s overall stock score is supported by its strong profitability growth and strategic investments, as indicated by its financial performance and positive earnings call. However, high leverage and cash flow challenges are notable risks. The stock’s fair valuation and stable technical indicators offer additional support, presenting a balanced investment opportunity with moderate risks and potential for long-term growth.

To see Spark’s full report on TXNM stock, click here.

More about TXNM Energy

TXNM Energy, an energy holding company based in Albuquerque, New Mexico, provides energy services to over 800,000 homes and businesses in Texas and New Mexico through its regulated utilities, TNMP and PNM.

Average Trading Volume: 1,163,565

Technical Sentiment Signal: Buy

Current Market Cap: $4.93B

See more insights into TXNM stock on TipRanks’ Stock Analysis page.