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Focus Stock of the Week


PNM RESOURCES, INC. (PNM)

This week’s Focus Stock of the Week is PNM Resources, Inc. (PNM: $26.76), which carries S&P Capital IQ’s highest investment recommendation of 5-STARS, or Strong Buy. PNM Resources is an investor-owned holding company of energy and energy-related businesses. Headquartered in Albuquerque, New Mexico, PNM’s primary subsidiaries are Public Service Company of New Mexico (PSNM) and Texas-New Mexico Power Company (TNMP)....
Industry Profile



Electric Utilities

Our fundamental outlook for electric utilities in 2014 is neutral. Fundamentally, we believe the electric distribution utilities will benefit from still low fuel and purchased power costs and new rate increases, partly offset by higher O&M costs. However, we expect wholesale power operators to continue to be hurt by lower-margin power contracts....
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