TXNM Energy Inc

Following a consolidation and a clear Devil’s Bargain continuation pattern, TXNM shows renewed upside traction with price tightly tracking rising EMAs and improving options flow. The medium-term context remains constructive in Stage 2, aligning with the long-term uptrend. Execution participation is warranted now at the breakout area, targeting continuation of the current impulse.

• ↑Q2 GAAP EPS $0.64 vs. $0.55 consensus on rising retail load.
• ↑Revenue $548.6 M beats forecasts on stronger PNM and TNMP throughput.
• ↓P/E ~43.9x vs. sector average ~22x suggests stock overvaluation.