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

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.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 8:56 am

The article highlights five value stocks in the utilities sector with low P/E ratios, indicating potential undervaluation. These stocks include TransAlta, Hawaiian Electric Industries, Genie Energy, Entergy, and Cia Energetica DE Minas, each with recent financial performance data such as earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:38 pm

Benzinga Insights identifies five value stocks in the utilities sector with low P/E ratios, suggesting potential undervaluation. The stocks include Genie Energy (GNE), Hawaiian Electric Indus (HE), Entergy (ETR), Enel Chile (ENIC), and TransAlta (TAC), each showing varied performance in earnings per share and dividend yields in recent quarters.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:38 pm

The article highlights notable value stocks in the utilities sector, focusing on companies with low P/E multiples, indicating potential undervaluation. It lists TransAlta, Genie Energy, Cia Energetica DE Minas, OPAL Fuels, and Enel Chile as examples, providing recent financial performance including earnings per share and dividend yields. The piece underscores the inherent risk in value investing, emphasizing that the expected rebound in stock value may not always materialize.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:38 pm

The article highlights notable value stocks in the utilities sector, focusing on companies with low P/E multiples indicating undervaluation. OPAL Fuels, Cia Energetica DE Minas, Enel Chile, Genie Energy, and TransAlta are featured for their financial performance and dividend yields. Earnings per share and dividend yield changes are detailed for each company, providing insight into their recent financial health.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:38 pm

Genie Energy (NYSE:GNE) announced a quarterly dividend of 7.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning GNE stock by the end of Thursday are eligible for the dividend, payable on February 28, 2024.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:45 pm

Benzinga Insights has identified OPAL Fuels, Cia Energetica DE Minas, Enel Chile, Genie Energy, and TransAlta as notable value stocks in the utilities sector based on their low P/E multiples. Recent earnings and dividend yield changes for each company are highlighted, suggesting potential undervaluation and growth prospects.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 2:38 pm

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