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TXNM Energy’s PNM Secures $120 Million Term Loan

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TXNM Energy’s PNM Secures $120 Million Term Loan

TipRanks Black Friday Sale

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

On November 10, 2025, PNM, a subsidiary of TXNM Energy, entered into a $120 million term loan agreement to refinance its 2024 Term Loan. The loan includes covenants and default provisions, impacting PNM’s financial management and obligations.

The most recent analyst rating on (TXNM) stock is a Hold with a $60.00 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 Neutral.

TXNM Energy’s overall stock score reflects solid financial performance with strong revenue growth and improved debt management. However, challenges such as declining net profit margins, negative free cash flow, and a high P/E ratio weigh on the score. The technical indicators suggest a positive trend, but the overbought condition indicates caution. The absence of recent earnings call insights or notable corporate events means these factors do not influence the score.

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

More about TXNM Energy

TXNM Energy, Inc. operates in the energy sector, with its wholly-owned subsidiary, Public Service Company of New Mexico (PNM), focusing on providing utility services.

Average Trading Volume: 873,689

Technical Sentiment Signal: Buy

Current Market Cap: $6.25B

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

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