PNM Resources, Inc.’s (PNM Quick QuotePNM ) strategic infrastructure-related investments and efforts to provide reliable and affordable clean power will enhance its existing performance. Also, the company’s adequate liquidity will allow it to meet its debt obligations.
The company has a trailing four-quarter earnings surprise of 8.53%, on average. Its long-term (three-five years) earnings growth rate is pegged at 5.18%. In the past year, shares of this presently Zacks Rank #3 (Hold) company have gained 14.1%, outperforming the industry’s rise of 12.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
One-Year Price Performance
Image Source: Zacks Investment Research
What’s Driving the Stock?
PNM Resources continues to invest substantially in its utility assets for providing reliable services to its customers. The company plans to invest $3.98 billion during the 2021-2025 forecast period, which will help it enhance its earnings.
In New Mexico, the utility received approvals from both the Federal Energy Regulatory Commission and the New Mexico Public Regulation Commission to acquire the Western Spirit Transmission Line. Construction of the project started at the beginning of this year. We note that the company will play an important role with its expanding transmission assets in the region.
The utility is also steadily taking measures to increase its renewable and battery storage capacity, thus moving toward clean energy. To this end, PNM Resources is focused on exiting coal-fired generation by 2024 and targets an emission-free portfolio by 2040 to bring cleaner energy sources to its production portfolio. The goal of the company is to become carbon neutral before 2045. Also, it plans to replace 114 MW of leased capacity at the Palo Verde Nuclear Generating Station with solar and storage resources. Other utilities like Duke Energy (DUK Quick QuoteDUK ) , DTE Energy (DTE Quick QuoteDTE ) and Xcel Energy (XEL Quick QuoteXEL ) are too making efforts to supply clean energy.
The company boasts sufficient liquidity to meet its near-term obligations and fund capital investments despite the ongoing economic crisis.
Best Clean Energy Stocks To Buy Right Now: Odyssey Marine Exploration Inc.(OMEX)
Odyssey Marine Exploration, Inc. provides shipwreck exploration services for use in insurance investigations, and search and recovery operations to governments and deep-ocean mineral exploration companies. The company?s shipwreck projects consist of various activities, including research and development, and search operations; archaeological excavation and recovery operations; and conservation, recording, and documentation. It also sells shipwreck findings, including coins and other mass-produced cargo, cultural collections, and replicas to collectors, museums, and other institutions. Odyssey Marine Exploration, Inc. was founded in 1986 and is headquartered in Tampa, Florida.
- [By Max Byerly]
Odyssey Marine Exploration (NASDAQ: OMEX) and Teekay Offshore Partners (NYSE:TOO) are both small-cap transportation companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, profitability, institutional ownership, valuation and earnings.
- [By Joseph Griffin]
Kenon (NYSE: KEN) and Odyssey Marine Exploration (NASDAQ:OMEX) are both small-cap utilities companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, valuation, analyst recommendations, earnings, institutional ownership, risk and dividends.
Best Clean Energy Stocks To Buy Right Now: Great Southern Bancorp, Inc.(GSBC)
Great Southern Bancorp, Inc., incorporated on March 29, 2004, is a bank holding company. The Company is the financial holding and parent company of Great Southern Bank (the Bank). The Company’s segment is banking operation. Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank offers banking services through its approximately 108 banking centers located in southern and central Missouri; the Kansas City, Missouri area; the St. Louis, Missouri area; eastern Kansas; northwestern Arkansas; eastern Nebraska, the Minneapolis, Minnesota area, and eastern, western and central Iowa.
The Company primarily makes long-term, fixed-rate residential real estate loans. It also originates commercial real estate and other residential loans, primarily with adjustable rates or shorter-term fixed rates, and commercial business and consumer loans, primarily in indirect automobile lending. In addition to origination of these loans, the Bank has relationships with other banks to purchase participations. The Company’s lending activities include the origination of fixed and adjustable-rate conventional residential real estate loans to enable borrowers to purchase or refinance owner-occupied homes. It originates a range of conventional, residential real estate mortgage loans, principally in compliance with Freddie Mac and Fannie Mae standards for resale in the secondary market. It originates commercial real estate, multi-family and commercial construction loans. Its commercial real estate, multi-family and commercial construction loans, excluding acquired loans, accounts for approximately 28%, 11% and 15%, respectively, of the total portfolio. Of the portfolio of acquired loans, commercial real estate loans (net of fair value discounts) accounts for approximately 2% of the total portfolio. In addition, the Company originates other commercial loans, home equity loans and consumer loans, and is also an issuer of letters of credit. The Bank’s net loans amounted to approximately $3.34 billion.
The Company’s investment portfolio consists of the United States Government agencies, mortgage-backed securities, states and political subdivisions, and other securities. The Company’s mortgage-backed securities portfolio consists of Government National Mortgage Association (GNMA) securities, Federal National Mortgage Association (FNMA) securities and Federal Home Loan Mortgage Corporation (FHLMC) securities. The Bank holds approximately $353,000 in principal amount of investment securities, which the Bank intends to hold until maturity. The Company holds approximately $262.9 million in principal amount of investment securities, which the Company classifies as available-for-sale.
Sources of Funds
The Company’s deposit accounts are the principal source of the Bank’s funds for use in lending and for other general business purposes. In addition to deposits, the Bank obtains funds through advances from the Federal Home Loan Bank of Des Moines (FHLBank) and other borrowings, loan repayments, loan sales and cash flows generated from operations. Scheduled loan payments are a relatively stable source of funds, while deposit inflows and outflows, and the related costs of such funds have varied. Borrowings, such as FHLBank advances may be used on a short-term basis to compensate for seasonal reductions in deposits or deposit inflows at less than projected levels and may be used on a longer-term basis to support expanded lending activities. The availability of funds from loan sales is influenced by general interest rates, as well as the volume of originations. The Bank attracts both short-term and long-term deposits from the general public by offering a range of accounts and rates, and also purchases brokered deposits from time to time. The Bank offers regular savings accounts, checking accounts, various money market accounts, fixed-interest rate certificates with varying maturities, certificates of deposit, brokered certificates and individual retirement accounts. The Company’s other sources of funds include advances from the FHLBank, a Qualified Loan Review (QLR) arrangement with the Federal Reserve Board (FRB), customer repurchase agreements and other borrowings. The Bank’s total deposits amounted to approximately $3,268 million.
The Company’s subsidiaries include Great Southern Real Estate Development Corporation (Real Estate Development), Great Southern Financial Corporation (GSFC), Great Southern Community Development Company, L.L.C. (CDC) and its subsidiary Great Southern CDE, L.L.C. (CDE), GS, L.L.C. (GSLLC), GSSC, L.L.C. (GSSCLLC), GSRE Holding, L.L.C., GSRE Holding II, L.L.C. (GSRE Holding II), GSRE Holding III, L.L.C. (GSRE Holding III), GSB One, L.L.C., GSB Two, L.L.C., VFP Conclusion Holding, L.L.C. and VFP Conclusion Holding II, L.L.C. The purpose of Real Estate Development is to hold real estate assets. The purpose of CDC is to invest in community development projects. GSLLC is a limited liability company that invests in multiple limited liability entities for the purpose of acquiring state and federal tax credits, which are utilized by the Company. GSSCLLC is a limited liability company that invests in multiple limited liability entities for the purpose of acquiring state tax credits, which are utilized by the Company or sold to third parties. The purpose of GSRE Holding, GSRE Holding II and GSRE Holding III is to hold real estate assets.
The Company competes with U.S. Bank, Scottrade Bank, Bank of America, Commerce Bank, Security National Bank of Sioux City, Wells Fargo Bank, UMB Bank, First National Bank of Omaha and Arvest Bank.
- [By Shane Hupp]
Several research analysts have recently issued reports on GSBC shares. ValuEngine raised Great Southern Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. BidaskClub raised Great Southern Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Zacks Investment Research lowered Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $58.67.
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Great Southern Bancorp Company Profile
- [By Shane Hupp]
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Best Clean Energy Stocks To Buy Right Now: Altisource Residential Corporation(RESI)
Altisource Residential Corporation, through its subsidiary, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. Altisource Residential Corporation was founded in 2012 and is based in Christiansted, Virgin Islands.