Tuesday, March 19, 2019

Genie Energy Ltd. (GNE)

Successful Energy Marketer Is Set To Expand.

Genie Energy Ltd through its subsidiaries operates as a retail energy provider; and an oil and gas exploration company. It operates through three segments: Genie Retail Energy; Afek Oil and Gas, Ltd.; and Genie Oil and Gas. The company resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States and offers energy brokerage and advisory services.

Mike Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.  

• Genie Energy is a successful energy
  marketing company with operations in 14 states, DC and the UK.  Energy marketing is a competitive industry.  Genie
  has excelled as an energy marketer by paying close attention to weather and
  commodity volatility risk that has harmed other competitors.  Genie has
  become one of only a few energy marketers operating on a national scale.  
• Energy Marketing Is
  Expanding.  Genie is expanding retail marketing operations into Texas,
  Finland and Japan.  Genie plans to enter the Finish and Japanese markets
  following recent acquisitions.  We believe the expansion will greatly
  increase the firm’s custo…
  

  
  
  
  
  

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*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.