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Genie Energy Ltd Stock Research

GNE

10.43USD+0.19(+1.86%)Market Closed

Market Summary

USD10.43+0.19
Market Closed
1.86%

GNE Stock Price

GNE RSI Chart

GNE Valuation

Market Cap

278.1M

Price/Earnings (Trailing)

2.8

Price/Sales (Trailing)

0.76

EV/EBITDA

1.87

Price/Free Cashflow

2.34

GNE Price/Sales (Trailing)

GNE Profitability

Operating Margin

73.94%

EBT Margin

28.36%

Return on Equity

56.58%

Return on Assets

38.2%

Free Cashflow Yield

42.65%

GNE Fundamentals

GNE Revenue

Revenue (TTM)

364.5M

Revenue Y/Y

-7.27%

Revenue Q/Q

8.34%

GNE Earnings

Earnings (TTM)

99.3M

Earnings Y/Y

921%

Earnings Q/Q

-49.78%

Price Action

52 Week Range

4.7711.29
(Low)(High)

Last 7 days

0.5%

Last 30 days

-3.2%

Last 90 days

9.2%

Trailing 12 Months

116.1%

GNE Financial Health

Current Ratio

2.49

GNE Investor Care

Dividend Yield

2.88%

Dividend/Share (TTM)

0.3

Diluted EPS (TTM)

3.72

Peers (Alternatives to Genie Energy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
78.2B
28.0B
-1.28% 2.24%
19.89
2.79
13.75% 26.88%
41.4B
7.3B
-2.91% 7.71%
19.48
5.64
143.97% 13.38%
37.4B
14.2B
-3.03% 0.67%
22.75
2.64
9.07% 4.78%
14.2B
5.3B
-2.36% 1.05%
17.64
2.71
-8.25% -8.89%
13.7B
4.1B
-1.43% -4.80%
20.3
3.35
14.44% 4.34%
MID-CAP
8.4B
4.4B
-3.57% 11.15%
15.18
1.89
18.54% -6.30%
7.9B
3.2B
-1.65% 8.64%
8.4
2.48
-9.35% 97.63%
7.8B
30.7B
5.93% -10.24%
4.15
0.25
39.89% -22.61%
5.3B
1.6B
-2.26% 1.53%
21.34
3.43
8.15% -0.21%
3.5B
1.5B
-5.53% 1.65%
17.49
2.26
15.16% 29.21%
2.3B
589.1M
-6.90% 16.92%
40.05
3.97
3.41% 4.67%
SMALL-CAP
1.5B
157.6M
4.08% -12.46%
35.67
9.61
9.67% 12.98%
819.0M
541.5M
-0.56% 13.68%
19.78
1.51
20.23% 17.61%
278.1M
364.5M
-3.25% 116.13%
2.8
0.76
3.55% 9592.01%

Financials for Genie Energy

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-1.7%365371372364352
Cost Of Revenue-8.0%171186234259264
Gross Profit4.6%19318513810588
  S&GA Expenses3.1%8279777269
EBITDA25.4%10584583418
EBITDA Margin27.6%0.29*0.23*0.18*0.09*0.05*
Earnings Before Taxes12.9%10392553326
EBT Margin29.9%0.28*0.22*0.18*0.09*0.03*
Interest Expenses-20.8%00000
Net Income26.3%101804829-1.06
Net Income Margin29.1%0.27*0.21*0.15*0.08*0.00*
Free Cahsflow18.3%1191009567-1.04
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets8.6%260239220229194
  Current Assets6.7%215201187200152
    Cash Equivalents33.7%8261889437
  Inventory15.4%1916191824
  Net PPE-0.9%0000-
  Goodwill-13.9%1012121026
Liabilities13.7%988694119111
  Current Liabilities14.3%867591116108
Shareholder's Equity14.5%17515312612383
  Retained Earnings89.4%3518-13.53-29.11-56.67
  Additional Paid-In Capital0.5%146145144143142
Shares Outstanding-100.0%-2526--
Minority Interest-26.6%-13.36-10.55-13.69-12.50-11.65
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations19.5%1201009567-0.83
  Share Based Compensation6.4%43331
Cashflow From Investing9.0%-47.75-52.47-19.7731
Cashflow From Financing-11.3%-15.20-13.65-7.68-5.67-8.89
  Dividend Payments-72.8%15314
  Buy Backs-100.0%0343-
* denotes actual numbers (not divided by Millions)

Risks for GNE

What is the probability of a big loss on GNE?

93.8%


Probability that Genie Energy stock will be more than 20% underwater in next one year

51.5%


Probability that Genie Energy stock will be more than 30% underwater in next one year.

25.4%


Probability that Genie Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GNE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Genie Energy was unfortunately bought at previous high price.

Drawdowns

Returns for GNE

Cumulative Returns on GNE

6.7%


10-Year Cumulative Returns

6.9%


7-Year Cumulative Returns

22.9%


5-Year Cumulative Returns

15.7%


3-Year Cumulative Returns

What are the long-term rolling returns for GNE?

FIve years rolling returns for Genie Energy.

Annualized Returns

Which funds bought or sold GNE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
State of Tennessee, Treasury Department
new
-
218,000
218,000
-%
2023-01-18
NORTHWEST INVESTMENT COUNSELORS, LLC
new
-
10,340
10,340
-%
2022-11-16
BNP PARIBAS ARBITRAGE, SA
sold off
-100
-403
-
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
sold off
-100
-11,000
-
-%
2022-11-15
KAHN BROTHERS GROUP INC
reduced
-0.1
58,010
3,018,160
0.47%
2022-11-15
JANE STREET GROUP, LLC
new
-
205,000
205,000
-%
2022-11-15
STATE STREET CORP
reduced
-19.01
-159,000
761,000
-%
2022-11-15
ALGERT GLOBAL LLC
new
-
148,000
148,000
0.01%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
sold off
-
-
-
-%
2022-11-14
EAM Investors, LLC
added
27.09
443,000
1,934,000
0.42%

1–10 of 45

Latest Funds Activity

Are funds buying GNE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own GNE
No. of Funds

Genie Energy News

Defense World

Janney Montgomery Scott LLC Takes Position in GAMCO Natural ....

Defense World,
46 hours ago

Investor's Business Daily

Duke Energy Getting Closer To Key Technical Measure.

Investor's Business Daily,
8 days ago

StockNews.com

Armenian Reporter

Armenian Reporter

StockNews.com

Seeking Alpha

What Are The Best Value Ratios?.

Seeking Alpha,
38 days ago

InvestorsObserver

Schedule 13G FIlings of Genie Energy

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2022
vanguard group inc
4.07%
1,001,787
SC 13G/A
Feb 10, 2021
vanguard group inc
5.69%
1,402,304
SC 13G
Feb 07, 2020
ilex partners llc
3.63%
916,271
SC 13G/A

GNE Fair Value

Genie Energy fair value in different scenarios

The table shows the Fair Value estimates for Genie Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

21.58

106.90%

30.93

196.55%

41.02

293.29%

51.67

395.40%

61.69

491.47%

Current Inflation

19.96

91.37%

28.03

168.74%

36.39

248.90%

45.48

336.05%

53.90

416.78%

Very High Inflation

17.95

72.10%

24.53

135.19%

30.95

196.74%

38.25

266.73%

44.87

330.20%

Historical Genie Energy Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Genie Energy

View All Filings
Date Filed Form Type Document
Jan 12, 2023
8-K
Current Report
Jan 09, 2023
4
Insider Trading
Jan 09, 2023
4
Insider Trading
Jan 09, 2023
4
Insider Trading
Jan 09, 2023
4
Insider Trading
Dec 08, 2022
8-K
Current Report
Nov 09, 2022
10-Q
Quarterly Report
Nov 08, 2022
4
Insider Trading
Nov 07, 2022
8-K
Current Report

Latest Insider Trading transactions for GNE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-05
SASS ALLAN
acquired
29,594.2
10.135
2,920
-
2023-01-05
JONAS HOWARD S
sold (taxes)
-144,089
10.135
-14,217
-
2023-01-05
PERRY WILLIAM WESLEY
acquired
79,590.2
10.135
7,853
-
2023-01-05
ROSENTHAL ALAN B
acquired
29,594.2
10.135
2,920
-
2022-11-04
STEIN MICHAEL M
sold (taxes)
-158,078
10.605
-14,906
chief executive officer
2022-08-17
JONAS HOWARD S
gifted
-
-
628,640
-
2022-08-17
JONAS HOWARD S
gifted
-
-
-628,640
-
2022-08-15
JONAS HOWARD S
gifted
-
-
-525,745
-
2022-08-15
JONAS HOWARD S
gifted
-
-
525,745
-
2022-08-03
JONAS HOWARD S
acquired
-
-
110,000
-

1–10 of 50

Michael M. Stein
190
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.

GNE Income Statement

2022-09-30
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Total revenues$ 81,285$ 87,655$ 234,150$ 254,060
Cost of revenues38,14253,049114,082186,152
Gross profit43,14334,606120,06867,908
Operating expenses and losses:    
Selling, general and administrative (i)[1]19,60517,14357,79649,628
Income from operations23,53817,46362,27218,280
Interest income194825928
Interest expense(33)(99)(135)(311)
Unrealized (loss) gain on marketable equity securities and investments57(5,312)(742)1,710
Gain on sale of subsidiary4,226
Other (loss) income, net15635(712)482
Income before income taxes23,91212,09560,94224,415
Provision for income taxes(6,482)(3,498)(16,791)(7,149)
Net income from continuing operations17,4308,59744,15117,266
Net income from discontinued operations, net of taxes(1,459)(10,914)25,929(16,991)
Net income (loss)15,971(2,317)70,080275
Net (loss) income attributable to noncontrolling interests(2,797)(31)(1,056)(821)
Net income attributable to Genie Energy Ltd.18,768(2,286)71,1361,096
Dividends on preferred stock(454)(370)(1,448)(1,111)
Net income (loss) attributable to Genie Energy Ltd. common stockholders18,314(2,656)69,688(15)
Amounts attributable to Genie Energy Ltd. common stockholders    
Income from continuing operations22,2598,64348,36817,303
(Loss) income from discontinued operations(3,945)(11,299)21,320(17,318)
Net income (loss) attributable to Genie Energy Ltd. common stockholders$ 18,314$ (2,656)$ 69,688$ (15)
Basic:    
Income from continuing operations$ 0.88$ 0.34$ 1.89$ 0.67
(Loss) income from discontinued operations(0.15)(0.44)0.83(0.67)
Net income (loss) attributable to Genie Energy Ltd. common stockholders0.73(0.1)2.72(0)
Diluted    
Income from continuing operations0.850.341.840.67
(Loss) income from discontinued operations(0.15)(0.44)0.81(0.67)
Net income (loss) attributable to Genie Energy Ltd. common stockholders$ 0.7$ (0.1)$ 2.65$ 0
Weighted-average number of shares used in calculation of earnings per share:    
Basic25,23325,51425,62325,867
Diluted26,20525,51426,26125,867
Dividends declared per common share$ 0.075$ 0.225
Electricity    
Revenues:    
Total revenues$ 73,764$ 82,801$ 186,207$ 222,005
Natural gas    
Revenues:    
Total revenues6,1533,51640,75425,878
Other    
Revenues:    
Total revenues$ 1,368$ 1,338$ 7,189$ 6,177
[1]Stock-based compensation included in selling, general and administrative expenses

GNE Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 81,705$ 93,568
Restricted cash—short-term5,5556,657
Marketable equity securities4711,336
Trade accounts receivable, net of allowance for doubtful accounts of $4,448 and $6,139 at September 30, 2022 and December 31, 2021, respectively43,52441,309
Inventory18,51717,720
Prepaid expenses7,8064,164
Other current assets8,1562,354
Current assets of discontinued operations48,86333,237
Total current assets214,597200,345
Goodwill9,9989,998
Other intangibles, net3,2323,530
Deferred income tax assets, net5,2035,203
Other assets12,9759,217
Noncurrent assets of discontinued operations13,8511,172
Total assets259,856229,465
Current liabilities:  
Trade accounts payable18,78314,541
Accrued expenses41,80338,005
Income taxes payable17,5219,512
Due to IDT Corporation, net135532
Other current liabilities2,1501,732
Current liabilities of discontinued operations5,73151,970
Total current liabilities86,123116,292
Other liabilities2,1591,946
Noncurrent liabilities of discontinued operations9,502438
Total liabilities97,784118,676
Commitments and contingencies
Genie Energy Ltd. stockholders’ equity:  
Preferred stock, $0.01 par value; authorized shares—10,000: Series 2012-A, designated shares—8,750; at liquidation preference, consisting of 1,970 and 2,322 shares issued and outstanding at September 30, 2022 and December 31, 202116,74319,743
Additional paid-in capital145,552143,249
Treasury stock, at cost, consisting of 2,690 and 2,005 shares of Class B common stock at September 30, 2022 and December 31, 2021(18,852)(14,034)
Accumulated other comprehensive income(3,075)3,160
Retained earnings (accumulated deficit)34,782(29,115)
Total Genie Energy Ltd. stockholders’ equity175,436123,285
Noncontrolling interests(13,364)(12,496)
Total equity162,072110,789
Total liabilities and equity259,856229,465
Class A Common Stock  
Genie Energy Ltd. stockholders’ equity:  
Common stock value1616
Class B Common Stock  
Genie Energy Ltd. stockholders’ equity:  
Common stock value$ 270$ 266