GNE
Genie Energy Ltd.

Genie Energy Ltd.GNE

Utilities · Utilities - Regulated Electric
17.72USD
+6.04%
Nov 09, 2026
GNE overview ready
Competitive retail energy supply and renewable procurement services
Genie is a diversified competitive energy retailer and procurement-services provider, with renewable and community-solar businesses that supplement its core retail electricity and natural-gas supply operations.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Regulatory changes in deregulated energy markets.
Market Nov 6Filing Sep 30Price action Nov 8Research Sep 21

Conviction Level

PriceAction8.0BusinessPerformance5.0BusinessQuality8.2Valuation4.9ThemeMomentum1.0Mixed — Revenue fell 8% year over year in the latest quarter. Diluted EPS is up 56% year over year at $0.39. That earnings comparison is against a weak year-ago quarter. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$462.8M
Avg Volume (60D)
78.1K
60 sessions
Revenue Growth YoY
+18.1%
FY2025 vs FY2024
Gross Margin
+28.2%
Trailing twelve months
Operating Margin
+5.2%
Trailing twelve months
Free Cash Flow Yield
+4.6%
Distance from 200DMA
+21.4%
P/E
15.9x
EV / EBITDA
10.1x
EV / Sales
0.6x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue fell 8% year over year in the latest quarter. Diluted EPS is up 56% year over year at $0.39. That earnings comparison is against a weak year-ago quarter.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthDeclining
-8.0%
$127M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +18%
  2. +4.0%
  3. -4.6%
  4. -8.0%
Earnings growthGrowing
+56%
Diluted EPS $0.39 vs $0.25 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. -36%
  2. -73%
  3. +378%
  4. +56%
Operating marginExpanding
10.0%
+4.7 pp YoY · gross margin 32.4% (+10.7 pp)
Earnings are growing without revenue growth
The comparison is against a weak year-ago quarter

Business Quality

8.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
Genie Energy Ltd. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Genie is a diversified competitive energy retailer and procurement-services provider, with renewable and community-solar businesses that supplement its core retail electricity and natural-gas supply operations.
Opportunity
Moderate opportunity
End users in deregulated power and gas markets increasingly use competitive suppliers, brokers, and procurement advisers to manage commodity exposure, obtain fixed-price supply, and source renewable-energy options.
Key risk
Regulatory changes in deregulated energy markets.

Economic classification

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Business & Markets

Utilities · Utilities - Regulated Electric
What they do

Genie Energy Ltd. operates as a competitive energy retailer and renewable energy developer, reselling electricity and natural gas to residential and small business customers while developing and operating utility-scale solar projects.

How it earns

The company generates revenue primarily through transactional sales of energy commodities and project-based revenues from solar energy development and operations.

Products & services
Electricity resale
Natural gas resale
Utility-scale solar energy projects
Solar panel distribution
Energy procurement and advisory services
Customers & end markets
Residential customers
Small business customers
Industrial customers
Commercial customers
Municipal customers
Market position

A diversified competitive energy retailer and procurement services provider with supplemental renewable energy operations.

Demand drivers
Medium cyclicality

Exposure to energy commodity price fluctuations and regulatory changes in deregulated markets.