Alert: New Earnings Report (11/6/23)-Genie Energy Ltd (NYSE: GNE).


Genie Energy Ltd (NYSE: GNE) has reported earnings for its third fiscal quarter (ending September 30) of $0.55 versus $0.88 for the same period a year ago — a decline of -38%. For the latest four quarters through September 30, E.P.S. were $1.93 compared to $1.85 a year ago — an increase of 4%.


Recent Price Action

On 11/6/23, Genie Energy Ltd (NYSE: GNE) stock enjoyed a major increase of 13.5%, closing at $23.03. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 20.1% during the last week.

Current PriceTarget Research Rating

GNE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Genie Energy has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Genie Energy has a neutral Appreciation Score of 45 but a very high Power Rating of 90, producing the Positive Value Trend Rating.

Rating Review

In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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