Genie Energy (GNE)

• Market cap: $414M
• 1 day: -1.10%
• 5 days: 4.60%
• 1 month: -0.85%
• 3 months: -6.28%
• 6 months: 2.28%
• Year to date: -46.41%
• 1 year: -46.41%
• 5 years: 94.51%
• 10 years: 139.47%
• Sector: Utilities
• Industry: Electric & Other Services Combined

About: Genie Energy Ltd, through its subsidiaries, operates as a retail energy provider. It serves two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management. It generates the majority of its revenue from the Genie retail energy segment.

Employees: 125

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

130% more call options, than puts

Call options by funds: $619K | Put options by funds: $269K

7% more capital invested

Capital invested by funds: $132M [Q2] → $142M (+$9.82M) [Q3]

0.54% less ownership

Funds ownership: 35.06% [Q2] → 34.52% (-0.54%) [Q3]

5% less funds holding

Funds holding: 104 [Q2] → 99 (-5) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 39

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17