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Genie Energy Ltd   (GNE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $16.3700 $0.28 1.740%
Day's High: $16.59 Week Perf: -4.55 %
Day's Low: $ 16.02 30 Day Perf: -12.04 %
Volume (M): 289 52 Wk High: $ 30.90
Volume (M$): $ 4,736 52 Wk Avg: $17.74
Open: $16.02 52 Wk Low: $10.57



 Market Capitalization (Millions $) 425
 Shares Outstanding (Millions) 26
 Employees 244
 Revenues (TTM) (Millions $) 429
 Net Income (TTM) (Millions $) 20
 Cash Flow (TTM) (Millions $) 61
 Capital Exp. (TTM) (Millions $) 1

Genie Energy Ltd
Genie Energy Ltd is a public energy company that operates globally in various energy sectors. The company was founded in 2011 with headquarters in Newark, New Jersey, and has since expanded rapidly to become one of the world's leading energy providers. It is a subsidiary of IDT Corporation, which is known for its innovative communications technologies.

Genie Energy Ltd is involved in the exploration, development, and production of oil and natural gas resources, as well as in the provision of energy solutions for both commercial and residential consumers. The company operates in different regions of the world, including North America, Israel, and Mongolia.

One of the main focuses of the company is the production of shale-based oil and gas in the United States. It is involved in the development and exploration of various energy assets in multiple US states, including Colorado, Montana, North Dakota, and Utah. Genie Energy Ltd also owns and operates the innovative Green Energy Retail division, which offers renewable energy solutions to customers throughout the United States.

In addition to its oil and gas operations, Genie Energy Ltd operates in the field of renewable energy. The company has invested in solar and wind projects and has made significant progress in developing advanced energy storage systems to support renewable energy systems.

Genie Energy Ltd is also active in various research and development projects, with a focus on alternative energy sources and technologies that reduce carbon emissions. Among these initiatives is the development of new battery technology, which is designed to lower the cost of energy storage and enable the integration of more renewable energy into the power grid.

Overall, the company's activities cover a wide range of energy sectors, including conventional and unconventional oil and gas, solar, wind, and energy storage. Its innovative approach to energy solutions and commitment to reducing the environmental impact of its activities make Genie Energy Ltd a highly interesting and attractive investment option.


   Company Address: 520 Broad Street Newark 7102 NJ
   Company Phone Number: 438-3500   Stock Exchange / Ticker: NYSE GNE
   


   

Stock Performances by Major Competitors

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Genie Energy Ltd

Genie Energy Ltd Faces Share Price Decline Despite Revenue Growth in Q4 2023

Genie Energy Ltd, a leading energy company, has experienced a significant drop in its share prices over the past three months. During March 2024 alone, GNE shares fell by 3.1%, and overall, they have dropped by 20.13% in the past quarter. Despite these declines, Genie Energy Ltd shares are currently trading on the NYSE at 7.5% above its 52-week average.
One of the main factors contributing to the drop in share prices is the company's performance during the fourth quarter of 2023 earnings season. Genie Energy Ltd reported a shortfall of $-0.97 per share, a significant decrease compared to $0.58 per share a year ago. Furthermore, EPS fell from $0.53 per share from the prior quarter. However, it is important to note that the company's revenue grew strongly by 72.853% to $104.92 million from $60.70 million in the similar quarter a year ago.
It is worth mentioning that while Genie Energy Ltd's top-line rose faster than most of its industry peers in the Electric Utilities sector, there was a significant decrease in revenue sequentially, falling by -16.097% from $125.05 million. Additionally, Genie Energy Ltd reported a net shortfall of $-23.651 million for the fourth quarter of 2023, as opposed to net earnings of $16.851 million in the similar quarter a year before.

Genie Energy Ltd

Genie Energy Ltd Witnesses Astonishing 53.84% Surge in Revenue during July-September 2023



Genie Energy Ltd (GNE) recently released their financial results for the third quarter ending September 30, 2023. The company announced earnings per share of $0.53 and revenue of $93.46 million. While the income per share declined compared to the previous year, the company's revenue witnessed significant growth. This article will analyze the financial results in detail and set them in context with the overall performance of Genie Energy Ltd.
Financial Results Overview:
The financial results for Genie Energy Ltd's third quarter of 2023 indicate mixed performance. The company's revenue increased by 53.84% compared to the same period last year, which is remarkable considering the decline experienced by most of its competitors in the Electric Utilities industry over the same period. However, earnings per share fell to $0.53 from $0.70 in the comparable period, resulting in a decrease of 24.29%. Net income also declined by 11.1% from $15.971 million to $14.198 million in the corresponding period.

Genie Energy Ltd

Genie Energy Ltd Defies Market Trends, Achieving Remarkable Revenue Growth Despite Industry Challenges

Genie Energy Ltd (GNE) recently announced its financial results for the April to June 30, 2023 fiscal period, and it is evident that the company has faced some challenges. Despite a decline in income per share and net income, Genie Energy managed to see a significant increase in revenue during a period when the Electric Utilities industry as a whole experienced a decline.
In terms of earnings per share, Genie Energy saw a decrease from $1.30 in the same time frame a year ago to $0.57 this year. This drop may be concerning to some investors, as a substantial decline in earnings per share usually raises red flags. However, it is important to note that while the income per share declined, the revenue increased by 24.574%. This indicates that Genie Energy has been successful in growing its top line revenue despite the challenges faced by the industry.






 

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Earnings Outlook
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