Streetbeat News

GNE

Genie Energy Ltd.

https://www.genie.com

Industry

Regulated Electric

Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The company also engages in the provision of energy advisory and brokerage services; solar panel manufacturing and distribution; solar installation design; and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.

Open

16.98

Mkt cap

444M

Volume

70K

High

17.05

P/E Ratio

206.50

52-wk high

30.90

Low

16.21

Div yield

0.01

52-wk low

14.00

Genie Energy's shares dropped following the announcement of a year-over-year decrease in Q4 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:58 pm

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all seeing declines. Materials shares rose, while industrials fell. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases, while Eltek, Genie Energy, and Ventyx Biosciences experienced declines. Oil and gold prices edged higher.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 4:15 pm

U.S. stocks were lower on Monday, with the Dow Jones index falling over 150 points. EQT Corporation's shares dropped 8.4% after announcing a merger with Equitrans Midstream. Other notable declines include Ventyx Biosciences, MoneyLion Inc., Genie Energy Ltd., and several others, each falling due to various company-specific news such as clinical data reports, quarterly results, and strategic updates.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 2:37 pm

Genie Energy reported a decrease in Q4 adjusted EPS to $0.37 from $0.61 YoY, while sales increased to $104.90M from $81.40M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:32 am

Earnings reports for March 11, 2024, include a mix of projected losses and gains across various sectors. Notable companies like Oracle, Vail Resorts, and Ballard Power Systems are among those reporting. The diversity in performance indicators suggests a varied impact on the market.