Genie Energy Ltd.
GNE-PA
New York Stock Exchange8.46
USD
-0.07
- -
Genie Energy Ltd.
GNE-PA
(New York Stock Exchange)
Recent
price
8.46
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Genie Energy Ltd. (NYSE: GNE; GNE-PA) is a diversified retail energy and renewable energy solutions provider operating primarily in deregulated U.S. markets. The company conducts its business through two principal segments: Genie Retail Energy, which resells electricity and natural gas to residential, small business, and commercial customers; and Genie Renewables, which develops, constructs, finances, and operates utility-scale and community solar projects, distributes solar panels, and offers energy procurement, advisory, and alternative energy services to industrial, commercial, municipal, and developer clients. Genie Retail Energy provides fixed-rate and variable-rate supply plans, green electricity options, carbon offset natural gas programs, incentives, rebates, and end-to-end energy advisory services in states including New York, New Jersey, Pennsylvania, Ohio, Illinois, Texas, Connecticut, New Hampshire, Rhode Island, Massachusetts, Maine, Delaware, Maryland, and Washington, DC, with commercial natural gas supply extended to Florida. Genie Renewables focuses on on-site solar, community solar subscriptions guaranteeing savings, and partnerships with developers for project management and optimization. Founded in 2004 as an energy division of IDT Corporation and spun off as an independent public company in 2011, Genie Energy Ltd. is headquartered at 520 Broad Street in Newark, New Jersey. The company serves residential homeowners, small-to-large businesses, and institutional customers across the Eastern, Midwestern United States, and Texas, with international exposure through past ventures including Genie Energy Japan and a majority stake in Finland's Lumo Energia. In recent developments, Genie Energy increased its ownership in Roded Recycling Industries Ltd. to 51.2% in 2024, consolidating control over its operations; acquired ten special-purpose entities owning solar facilities in Ohio and Michigan, plus another in Indiana, to expand its renewables portfolio; and advanced solar projects such as the Perry and Lansing NY arrays slated for completion. These moves build on prior expansions, including the 2023 and early 2024 acquisitions by Genie Solar and ongoing growth in retail electric customers amid deregulation trends. The company maintains a strategic emphasis on renewables growth, shareholder returns through dividends and repurchases, and operational efficiency in sustainable energy solutions.