NEW YORK (

TheStreet

) -- Shares of

PNM Resources Inc

(NYSE:

PNM

) were gapping up Friday morning with an open price 10.6% higher than Thursday's closing price. The stock closed at $13.71 Thursday and opened today's trading at $15.16.

The average volume for PNM has been 917,800 shares per day over the past 30 days. PNM has a market cap of $1.2 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 5.3% year to date as of the close of trading on Thursday.

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.

TheStreet Recommends

TheStreet Ratings rates PNM as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance and revenue growth. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full

PNM Ratings Report

.

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