Genie Energy shares are trading higher after the company reported a year-over-year increase in Q3 revenue results and raised FY23 adjusted EBITDA guidance.
Portfolio Pulse from Benzinga Newsdesk
Genie Energy reported a year-over-year increase in Q3 revenue results and raised its FY23 adjusted EBITDA guidance, leading to a rise in its share prices.
November 06, 2023 | 4:04 pm
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POSITIVE IMPACT
Genie Energy's Q3 revenue has increased year-over-year and the company has raised its FY23 adjusted EBITDA guidance. This has resulted in a rise in its share prices.
The increase in Genie Energy's Q3 revenue and the raised FY23 adjusted EBITDA guidance are positive indicators of the company's financial health. This has led to increased investor confidence, resulting in a rise in the company's share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100