Genie Energy Ltd. Class B (GNE)

Genie Energy Ltd.'s stock has fluctuated over the past six months. The stock price has risen by 4.16% over the last six months, but decreased by 3.06% over the past year. Key events include a strong Q1 2025 earnings report with increased revenue and customer meters, and mixed Q2 2025 results with increased revenue but decreased profitability due to higher wholesale power costs and extreme summer heat. Individual investors experienced losses following an 11% stock price drop in the week prior to July 18, 2025. The company is estimated to release its third-quarter 2025 earnings on November 3, 2025.

Demand for Genie Energy Ltd.'s retail energy products and services exhibits seasonality. Natural gas revenues for its Genie Retail Energy (GRE) segment are typically highest in the first quarter due to increased heating demand during the winter months. Electricity sales revenues for GRE tend to peak in the third quarter, primarily due to higher demand for cooling during the summer. The company's financial results can be significantly impacted by severe and unusual weather patterns.

Genie Energy Ltd. is an energy services company operating in the retail and renewable energy sectors through Genie Retail Energy (GRE) and Genie Renewables. GRE resells electricity and natural gas to residential and small business customers, while Genie Renewables develops and operates utility-scale solar projects and offers energy procurement and advisory services.

Genie Energy Ltd. primarily operates in the United States, serving customers in the Eastern and Midwestern U.S. and Texas, and has expanded to new states like California with plans to offer gas in Kentucky. Historically, it had international operations, including a European retail energy supply business and investments in oil and gas exploration, but the spin-off of its European retail energy supply business was suspended in 2021.

No specific events directly impacting Genie Energy Ltd.'s overall brand reputation in the past year were prominently reported in the search results. However, in 2022, Lumo Energia, a Finnish subsidiary of Genie Retail Energy, unilaterally terminated fixed-term and fixed-price electricity deals for approximately 8,000 consumers, which reportedly caused financial damages to those customers.

Individual investors constitute the largest ownership group of Genie Energy Ltd., holding 41% of the company's shares. Institutional investors collectively hold 35%. Howard Jonas is the largest individual shareholder, owning 17% of the outstanding shares, while Michael Stein, the CEO, directly holds 2.4% of the total shares. The top 19 shareholders combined account for 50% ownership of the company. Genie Energy is not owned by hedge funds.