PNM Resources PNM reported fourth-quarter 2019 earnings of 36 cents per share, which were in line with the Zacks Consensus Estimate. The bottom line increased 100% from year-ago quarter’s figure of 18 cents.In 2019, the company reported earnings of $2.16 per share compared with $2 in 2018. The year-over-year increase was attributed to the company’s ability to respond and adapt business operations to changing conditions.Total RevenuesThe company generated Electric Operating revenues of $1.46 billion in 2019, up 1.5% from $1.43 billion in 2018.PNM Resources, Inc. (Holding Co.) Price, Consensus and EPS Surprise PNM Resources, Inc. (Holding Co.) price-consensus-eps-surprise-chart | PNM Resources, Inc. (Holding Co.) Quote Highlights of the ReleaseTotal operating expenses in 2019 amounted to $1.3 billion, up 9.4% from expenses of $1.2 billion in 2018.Operating income in 2019 was $144 million, down by 39% from $236 million in 2018.In 2019, New Mexico’s Energy Transition Act established new RPS and 2045 carbon-free mandate.GuidanceThe company affirmed its 2020 consolidated earnings per share (EPS) guidance in the range of $2.16-$2.26, whose midpoint of $2.21 is in line with the Zacks Consensus Estimate.Zacks RankPNM Resources carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesNextEra Energy, Inc. NEE reported fourth-quarter 2019 adjusted earnings of $1.44 per share, which lagged the Zacks Consensus Estimate of $1.54 by 6.5%.FirstEnergy Corporation FE reported fourth-quarter 2019 operating earnings of 55 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 14.6%.WEC Energy Group WEC came up with fourth-quarter 2019 adjusted EPS of 77 cents, which beat the Zacks Consensus Estimate of 72 cents by 6.9%.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FirstEnergy Corporation (FE): Free Stock Analysis Report WEC Energy Group, Inc. (WEC): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report PNM Resources, Inc. (Holding Co.) (PNM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research