Why TXNM Energy Inc. (TXNM) Surged Today

We recently published a list of 10 Stocks That Stole the Show Today. In this article, we are going to take a look at where TXNM Energy Inc. (NYSE:TXNM) stands against other stocks that stole the show today.

Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite.

While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively.

In this article, we list the names of the top-performing stocks and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

TXNM Energy, Inc. (NYSE:TXNM)

TXNM Energy saw its share prices rally by 6.98 percent to close at $56.57 apiece following news that it is set to be acquired by one of the largest investment management companies, Blackstone Inc., for $11.5 billion.

In a statement, Blackstone said its infrastructure arm inked an agreement with TXNM Energy, Inc. (NYSE:TXNM) to acquire its shares for $61.25 apiece.

The price represented an 8-percent upside from its closing price on Monday, as well as a 23-percent premium to its 30-day volume-weighted average price (VWAP) as of March 5, 2025, the day prior to an article reporting a developing acquisition for TXNM Energy.

According to Blackstone, the transaction will be funded through equity and assumption of existing debt, and no incremental debt will be issued as a result of the transaction.

The transaction is expected to be closed in the second half of 2026, subject to regulatory approvals and customary closing conditions.

Overall, TXNM ranks 7th on our list of stocks that stole the show today. While we acknowledge the potential of TXNM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than TXNM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.