NEW YORK (

TheStreet

) --

PNM Resources Inc

(NYSE:

PNM

) hit a new 52-week high Wednesday as it is currently trading at $18.87, above its previous 52-week high of $18.85 with 294,583 shares traded as of 11:20 a.m. ET. Average volume has been one million shares over the past 30 days.

PNM has a market cap of $1.45 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 40.4% year to date as of the close of trading on Tuesday.

PNM Resources, Inc., together with its subsidiaries, operates in energy and energy-related businesses in the United States. It primarily engages in the generation, transmission, and distribution of electricity. The company generates electricity using coal, nuclear, natural gas, and wind energy.

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TheStreet Ratings rates PNM as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

PNM Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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