| Market Capitalization (Millions $) |
406 |
| Shares
Outstanding (Millions) |
26 |
| Employees |
152 |
| Revenues (TTM) (Millions $) |
502 |
| Net Income (TTM) (Millions $) |
26 |
| Cash Flow (TTM) (Millions $) |
-5 |
| Capital Exp. (TTM) (Millions $) |
5 |
Business Description
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
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182.23 %