Genie Energy Postpones 2026 Annual Shareholder Meeting
TipRanks (Thu, 26-Mar 6:40 AM ET)
Market Chameleon (Fri, 20-Mar 6:08 AM ET)
Genie Energy Announces Select, Preliminary, Unaudited, Interim Financial Results
Globe Newswire (Thu, 19-Mar 4:30 PM ET)
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.
Genie Energy Ltd. Class B Common Stock trades on the NYSE stock market under the symbol GNE.
As of March 31, 2026, GNE stock price climbed to $14.14 with 58,242 million shares trading.
GNE has a beta of 0.04, meaning it tends to be less sensitive to market movements. GNE has a correlation of 0.00 to the broad based SPY ETF.
GNE has a market cap of $374.64 million. This is considered a Small Cap stock.
Last quarter Genie Energy Ltd. Class B Common Stock reported $138 million in Revenue and $.27 earnings per share. This beat revenue expectation by $8 million and missed earnings estimates by -$.29.
In the last 3 years, GNE traded as high as $30.90 and as low as $12.95.
The top ETF exchange traded funds that GNE belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFMC.
GNE has underperformed the market in the last year with a price return of -4.4% while the SPY ETF gained +18.4%. However, in the short term, GNE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +1.7% vs -5.1% return in SPY. But in the last 2 weeks, GNE shares have been beat by the market, returning -2.8% compared to an SPY return of -2.5%.
GNE support price is $13.44 and resistance is $14.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GNE shares will trade within this expected range on the day.
