Market Summary
USD10.43+0.19
Market Closed1.86%
GNE Stock Price
GNE RSI Chart
GNE Valuation
GNE Price/Sales (Trailing)
GNE Profitability
GNE Fundamentals
GNE Revenue
GNE Earnings
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
GNE Investor Care
Peers (Alternatives to Genie Energy)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DUK | 78.2B | 28.0B | -1.28% | 2.24% | 19.89 | 2.79 | 13.75% | 26.88% |
EXC | 41.4B | 7.3B | -2.91% | 7.71% | 19.48 | 5.64 | 143.97% | 13.38% |
XEL | 37.4B | 14.2B | -3.03% | 0.67% | 22.75 | 2.64 | 9.07% | 4.78% |
EVRG | 14.2B | 5.3B | -2.36% | 1.05% | 17.64 | 2.71 | -8.25% | -8.89% |
LNT | 13.7B | 4.1B | -1.43% | -4.80% | 20.3 | 3.35 | 14.44% | 4.34% |
| MID-CAP | ||||||||
PNW | 8.4B | 4.4B | -3.57% | 11.15% | 15.18 | 1.89 | 18.54% | -6.30% |
OGE | 7.9B | 3.2B | -1.65% | 8.64% | 8.4 | 2.48 | -9.35% | 97.63% |
NRG | 7.8B | 30.7B | 5.93% | -10.24% | 4.15 | 0.25 | 39.89% | -22.61% |
IDA | 5.3B | 1.6B | -2.26% | 1.53% | 21.34 | 3.43 | 8.15% | -0.21% |
ALE | 3.5B | 1.5B | -5.53% | 1.65% | 17.49 | 2.26 | 15.16% | 29.21% |
SJW | 2.3B | 589.1M | -6.90% | 16.92% | 40.05 | 3.97 | 3.41% | 4.67% |
| SMALL-CAP | ||||||||
MSEX | 1.5B | 157.6M | 4.08% | -12.46% | 35.67 | 9.61 | 9.67% | 12.98% |
UTL | 819.0M | 541.5M | -0.56% | 13.68% | 19.78 | 1.51 | 20.23% | 17.61% |
GNE | 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/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Revenue | -1.7% | 365 | 371 | 372 | 364 | 352 |
| Cost Of Revenue | -8.0% | 171 | 186 | 234 | 259 | 264 |
| Gross Profit | 4.6% | 193 | 185 | 138 | 105 | 88 |
| S&GA Expenses | 3.1% | 82 | 79 | 77 | 72 | 69 |
| EBITDA | 25.4% | 105 | 84 | 58 | 34 | 18 |
| EBITDA Margin | 27.6% | 0.29* | 0.23* | 0.18* | 0.09* | 0.05* |
| Earnings Before Taxes | 12.9% | 103 | 92 | 55 | 33 | 26 |
| EBT Margin | 29.9% | 0.28* | 0.22* | 0.18* | 0.09* | 0.03* |
| Interest Expenses | -20.8% | 0 | 0 | 0 | 0 | 0 |
| Net Income | 26.3% | 101 | 80 | 48 | 29 | -1.06 |
| Net Income Margin | 29.1% | 0.27* | 0.21* | 0.15* | 0.08* | 0.00* |
| Free Cahsflow | 18.3% | 119 | 100 | 95 | 67 | -1.04 |
* denotes actual numbers (not divided by Millions)
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Assets | 8.6% | 260 | 239 | 220 | 229 | 194 |
| Current Assets | 6.7% | 215 | 201 | 187 | 200 | 152 |
| Cash Equivalents | 33.7% | 82 | 61 | 88 | 94 | 37 |
| Inventory | 15.4% | 19 | 16 | 19 | 18 | 24 |
| Net PPE | -0.9% | 0 | 0 | 0 | 0 | - |
| Goodwill | -13.9% | 10 | 12 | 12 | 10 | 26 |
| Liabilities | 13.7% | 98 | 86 | 94 | 119 | 111 |
| Current Liabilities | 14.3% | 86 | 75 | 91 | 116 | 108 |
| Shareholder's Equity | 14.5% | 175 | 153 | 126 | 123 | 83 |
| Retained Earnings | 89.4% | 35 | 18 | -13.53 | -29.11 | -56.67 |
| Additional Paid-In Capital | 0.5% | 146 | 145 | 144 | 143 | 142 |
| Shares Outstanding | -100.0% | - | 25 | 26 | - | - |
| 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/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Cashflow From Operations | 19.5% | 120 | 100 | 95 | 67 | -0.83 |
| Share Based Compensation | 6.4% | 4 | 3 | 3 | 3 | 1 |
| Cashflow From Investing | 9.0% | -47.75 | -52.47 | -19.77 | 3 | 1 |
| Cashflow From Financing | -11.3% | -15.20 | -13.65 | -7.68 | -5.67 | -8.89 |
| Dividend Payments | -72.8% | 1 | 5 | 3 | 1 | 4 |
| Buy Backs | -100.0% | 0 | 3 | 4 | 3 | - |
* 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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Genie Energy News
Schedule 13G FIlings of Genie Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
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
2022-09-30Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 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 revenues | 38,142 | 53,049 | 114,082 | 186,152 | ||
| Gross profit | 43,143 | 34,606 | 120,068 | 67,908 | ||
| Operating expenses and losses: | ||||||
| Selling, general and administrative (i) | [1] | 19,605 | 17,143 | 57,796 | 49,628 | |
| Income from operations | 23,538 | 17,463 | 62,272 | 18,280 | ||
| Interest income | 194 | 8 | 259 | 28 | ||
| Interest expense | (33) | (99) | (135) | (311) | ||
| Unrealized (loss) gain on marketable equity securities and investments | 57 | (5,312) | (742) | 1,710 | ||
| Gain on sale of subsidiary | 4,226 | |||||
| Other (loss) income, net | 156 | 35 | (712) | 482 | ||
| Income before income taxes | 23,912 | 12,095 | 60,942 | 24,415 | ||
| Provision for income taxes | (6,482) | (3,498) | (16,791) | (7,149) | ||
| Net income from continuing operations | 17,430 | 8,597 | 44,151 | 17,266 | ||
| Net income from discontinued operations, net of taxes | (1,459) | (10,914) | 25,929 | (16,991) | ||
| Net income (loss) | 15,971 | (2,317) | 70,080 | 275 | ||
| Net (loss) income attributable to noncontrolling interests | (2,797) | (31) | (1,056) | (821) | ||
| Net income attributable to Genie Energy Ltd. | 18,768 | (2,286) | 71,136 | 1,096 | ||
| Dividends on preferred stock | (454) | (370) | (1,448) | (1,111) | ||
| Net income (loss) attributable to Genie Energy Ltd. common stockholders | 18,314 | (2,656) | 69,688 | (15) | ||
| Amounts attributable to Genie Energy Ltd. common stockholders | ||||||
| Income from continuing operations | 22,259 | 8,643 | 48,368 | 17,303 | ||
| (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 stockholders | 0.73 | (0.1) | 2.72 | (0) | ||
| Diluted | ||||||
| Income from continuing operations | 0.85 | 0.34 | 1.84 | 0.67 | ||
| (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: | ||||||
| Basic | 25,233 | 25,514 | 25,623 | 25,867 | ||
| Diluted | 26,205 | 25,514 | 26,261 | 25,867 | ||
| 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 revenues | 6,153 | 3,516 | 40,754 | 25,878 | ||
| Other | ||||||
| Revenues: | ||||||
| Total revenues | $ 1,368 | $ 1,338 | $ 7,189 | $ 6,177 | ||
| ||||||
GNE Balance Sheet
2022-09-30Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 81,705 | $ 93,568 |
| Restricted cash—short-term | 5,555 | 6,657 |
| Marketable equity securities | 471 | 1,336 |
| Trade accounts receivable, net of allowance for doubtful accounts of $4,448 and $6,139 at September 30, 2022 and December 31, 2021, respectively | 43,524 | 41,309 |
| Inventory | 18,517 | 17,720 |
| Prepaid expenses | 7,806 | 4,164 |
| Other current assets | 8,156 | 2,354 |
| Current assets of discontinued operations | 48,863 | 33,237 |
| Total current assets | 214,597 | 200,345 |
| Goodwill | 9,998 | 9,998 |
| Other intangibles, net | 3,232 | 3,530 |
| Deferred income tax assets, net | 5,203 | 5,203 |
| Other assets | 12,975 | 9,217 |
| Noncurrent assets of discontinued operations | 13,851 | 1,172 |
| Total assets | 259,856 | 229,465 |
| Current liabilities: | ||
| Trade accounts payable | 18,783 | 14,541 |
| Accrued expenses | 41,803 | 38,005 |
| Income taxes payable | 17,521 | 9,512 |
| Due to IDT Corporation, net | 135 | 532 |
| Other current liabilities | 2,150 | 1,732 |
| Current liabilities of discontinued operations | 5,731 | 51,970 |
| Total current liabilities | 86,123 | 116,292 |
| Other liabilities | 2,159 | 1,946 |
| Noncurrent liabilities of discontinued operations | 9,502 | 438 |
| Total liabilities | 97,784 | 118,676 |
| 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, 2021 | 16,743 | 19,743 |
| Additional paid-in capital | 145,552 | 143,249 |
| 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’ equity | 175,436 | 123,285 |
| Noncontrolling interests | (13,364) | (12,496) |
| Total equity | 162,072 | 110,789 |
| Total liabilities and equity | 259,856 | 229,465 |
| Class A Common Stock | ||
| Genie Energy Ltd. stockholders’ equity: | ||
| Common stock value | 16 | 16 |
| Class B Common Stock | ||
| Genie Energy Ltd. stockholders’ equity: | ||
| Common stock value | $ 270 | $ 266 |