MARKET COMPOSITE
GNE - Genie Energy Ltd8:00:02 PM 3/28/2024
Price
$15.08
+ 0.16 (1.07%)
Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. In 2004, seeking to diversify, IDT Telecom’s Founder, Chairman and CEO, Howard Jonas, launched its first Retail Energy Provider or “REP” and enrolled its first energy supply customers. Then, in October, 2011, Genie Energy Ltd. , was spun-off from IDT Corporation as an independent public company, at which point Class B common stock of Genie Energy Ltd. began trading on the NYSE under the ticker symbol "GNE".
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue104.9MM-16%
Gross Profit33.6MM-18%
Cost Of Revenue71.3MM-15%
Operating Income-34.2MM-291%
Operating Expenses67.8MM-
Net Income-24.5MM-269%
G&A22.7MM-2%
Amortization100K-
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Stock news

    NEWARK, NJ, March 21, 2024 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE: GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a late-stage solar development project in Hamilton, Indiana from the project developer. The array will supply power to the Hamilton Community High and Elementary Schools through direct fixed-price solar power purchase agreements (PPAs). The transaction follows Su

    The last three months have been tough on Genie Energy Ltd. ( NYSE:GNE ) shareholders, who have seen the share price...

    NEW YORK, NY / ACCESSWIRE / March 12, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day March Small-Cap Conference taking place Wednesday and Thursday, March 13-14, ...

    Genie Energy Ltd. (NYSE:GNE) Q4 2023 Earnings Call Transcript March 11, 2024 Genie Energy Ltd. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning and welcome to Genie Energy’s Fourth Quarter and Year-End 2023 Earnings Call. Until the Q&A […]

    Adjusted EBITDA Surpasses Guidance Amidst Customer Growth and Renewables Expansion

    Record Fourth Quarter and Full Year Revenue Full-year 2023 Adjusted EBITDA1 exceeded upper range of prior guidance Cash and cash equivalents, short and long-term restricted cash, and marketable equity securities increased 55% year-over-year to $163.4 million with no debt outstanding Newark, NJ , March 11, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the fourth quarter and full year ended Dece

    NEWARK, NJ, March 05, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the fourth quarter and full year 2023 on Monday, March 11, 2024. Genie Energy will issue an earnings release over a wire service and post it in the “Investors” section of the Genie Energy website (https://genie.com/investors/quarterly-earnings/) at 7:30 AM Eastern. The release also will be filed

    Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

    NEWARK, NJ, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced an expansion of its consumer product portfolio and the formation of a “captive” self-insurance subsidiary to enhance the Company’s risk management strategy. “Building on our strong financial performance over the past two years, we’ve identified potential opportunities to create incremental shareholder value,” said Michael Stein, Genie’s CE

    Newark, New Jersey--(Newsfile Corp. - January 25, 2024) - Genie Energy (NYSE: GNE), a leading retail energy and renewable energy solutions provider, will be participating in The Microcap Conference, which will take place January 30, 31, February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ. Avi Goldin, Chief Financial Officer, will be presenting on January 31 & February 1, 2024. Interested parties can register to attend ...