TXNM Energy Inc

TXNM remains in a Stage 2 corrective reset within its long-term uptrend, supported by an active Lockout Rally pattern driving rapid upside repricing. Short-term EMAs have repaired and price is holding above the 9 EMA and 21 EMA with no signs of exhaustion, despite the 50 DMA and 200 DMA still overhead. Given the bullish medium-term regime and favorable short-term timing under Lockout Rally dynamics, the recommended posture is to Buy Now to participate in the ongoing advance.

• ↑Allocates $600M to TNMP and $600–$900M for ERCOT projects by 2030.
• ↑Guides for 7–9% annual EPS growth through 2028.
• ↓Negative balance sheet quality raises funding risks for planned capex.