Genie Energy Raised FY23 Adjusted EBITDA Outlook To $52M-$57M From $47M-$55M Earlier
Portfolio Pulse from Benzinga Newsdesk
Genie Energy has increased its FY23 adjusted EBITDA outlook to $52M-$57M, up from the previous estimate of $47M-$55M.
November 06, 2023 | 12:34 pm
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POSITIVE IMPACT
Genie Energy's raised FY23 adjusted EBITDA outlook could potentially lead to a positive impact on its stock price.
Genie Energy's raised EBITDA outlook for FY23 indicates a better than expected financial performance. This could potentially attract investors, leading to an increase in demand for the stock and hence a rise in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100