PNM Resources (NYSE:PNM – Get Rating) and Heliogen (NYSE:HLGN – Get Rating) are both utilities companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, valuation, profitability, institutional ownership, analyst recommendations, risk and dividends.
This table compares PNM Resources and Heliogen’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Insider & Institutional Ownership
91.2% of PNM Resources shares are held by institutional investors. Comparatively, 36.4% of Heliogen shares are held by institutional investors. 1.4% of PNM Resources shares are held by insiders. Comparatively, 8.7% of Heliogen shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
PNM Resources presently has a consensus target price of $47.00, indicating a potential downside of 3.19%. Heliogen has a consensus target price of $7.00, indicating a potential upside of 548.15%. Given Heliogen’s higher probable upside, analysts plainly believe Heliogen is more favorable than PNM Resources.
Earnings and Valuation
This table compares PNM Resources and Heliogen’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|PNM Resources||$1.78 billion||2.34||$196.36 million||$1.92||25.29|
|Heliogen||$8.80 million||23.36||-$137.40 million||N/A||N/A|
PNM Resources has higher revenue and earnings than Heliogen.
Volatility and Risk
PNM Resources has a beta of 0.41, meaning that its share price is 59% less volatile than the S&P 500. Comparatively, Heliogen has a beta of 2.5, meaning that its share price is 150% more volatile than the S&P 500.
PNM Resources beats Heliogen on 7 of the 11 factors compared between the two stocks.
About PNM Resources
PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.
Heliogen, Inc., a renewable energy technology company, develops an A.I.-enabled, concentrated solar power plant. It offers HelioHeat for the production of heat for use in industrial processes; HelioPower, a solution for power generation; and HelioFuel, a solution for hydrogen fuel production. The company was formerly known as Edison Microgrids, Inc. and changed its name to Heliogen, Inc. in November 2019. The company was incorporated in 2013 and is headquartered in Pasadena, California.
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