Genie Energy (GNE) Stock Price, News & Analysis

Company Overview

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.

Key Stats

• Today's Range: $15.31 to $15.84
• 50-Day Range: $15.33 to $17.57
• 52-Week Range: $14.00 to $30.90
• Volume: 64,283 shs
• Average Volume: 49,235 shs
• Market Capitalization: $424.59 million
• P/E Ratio: 111.51
• Dividend Yield: 1.92%
• Price Target: N/A
• Consensus Rating: N/A

Genie Energy Stock Analysis - MarketRank™

Genie Energy scored higher than 31% of companies evaluated by MarketBeat, and ranked 80th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Genie Energy.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Genie Energy is 111.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Genie Energy is 111.51, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 100.82.

Price to Book Value per Share Ratio

Genie Energy has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.03% of the float of Genie Energy has been sold short.

Short Interest Ratio / Days to Cover

Genie Energy has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Genie Energy has recently decreased by 3.34%, indicating that investor sentiment is improving.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Genie Energy pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Genie Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Genie Energy is 214.29%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: 1.3 / 5
• Environmental Score: -4.56

Percentage of Shares Shorted

2.03% of the float of Genie Energy has been sold short.

Short Interest Ratio / Days to Cover

Genie Energy has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Genie Energy has recently decreased by 3.34%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.44

News Sentiment

Genie Energy has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Genie Energy this week, compared to 2 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Genie Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $102,710.00 in company stock.

Percentage Held by Insiders

16.50% of the stock of Genie Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

49.15% of the stock of Genie Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GNE Stock Analysis - Frequently Asked Questions

How have GNE shares performed this year?

Genie Energy's stock was trading at $28.13 at the beginning of 2024. Since then, GNE stock has decreased by 44.5% and is now trading at $15.61.
View the best growth stocks for 2024 here.

How were Genie Energy's earnings last quarter?

Genie Energy Ltd. (NYSE:GNE) released its quarterly earnings results on Thursday, March, 12th. The oil and gas producer reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.17. The oil and gas producer earned $81.95 million during the quarter. Genie Energy had a net margin of 0.80% and a trailing twelve-month return on equity of 21.48%.

Who are Genie Energy's major shareholders?

Genie Energy's top institutional investors include State Street Corp (1.94%), Geode Capital Management LLC (1.57%), Americana Partners LLC (0.43%) and Cerity Partners LLC (0.35%). Insiders that own company stock include James A Courter, Avi Goldin, Alan B Rosenthal and Joyce J Mason.
View institutional ownership trends.

How do I buy shares of Genie Energy?

Shares of GNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Genie Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Genie Energy investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), ServiceNow (NOW), e.l.f. Beauty (ELF), Novo Nordisk A/S (NVO) and Disc Medicine (IRON).

Company Calendar

• Last Earnings: 3/12/2020
• Ex-Dividend for 8/22 Dividend: 8/14/2024
• Dividend Payable: 8/22/2024
• Ex-Dividend for 11/20 Dividend: 11/12/2024
• Today: 11/20/2024
• Dividend Payable: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/10/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Independent Power Producers & Energy Traders
• Current Symbol: NYSE:GNE
• CUSIP: 37228420
• CIK: 1528356
• Web: www.genie.com
• Phone: (973) 438-3500
• Fax: 973-438-1256
• Employees: 190
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.14
• Trailing P/E Ratio: 111.51
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $19.54 million
• Net Margins: 0.80%
• Pretax Margin: 1.32%
• Return on Equity: 21.48%
• Return on Assets: 12.24%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 2.56
• Quick Ratio: 2.47

Sales & Book Value

• Annual Sales: $427.22 million
• Price / Sales: 0.99
• Cash Flow: $1.74 per share
• Price / Cash Flow: 8.98
• Book Value: $6.73 per share
• Price / Book: 2.32

Miscellaneous

• Outstanding Shares: 27,200,000
• Free Float: 22,712,000
• Market Cap: $424.59 million
• Optionable: Optionable
• Beta: 0.09