Genie Energy traded at $13.70 this Monday February 2nd, decreasing $0.07 or 0.51 percent since the previous trading session. Looking back, over the last four weeks, Genie Energy lost 2.42 percent. Over the last 12 months, its price fell by 5.06 percent. Looking ahead, we forecast Genie Energy to be priced at 13.35 by the end of this quarter and at 12.15 in one year, according to Trading Economics global macro models projections and analysts expectations.
Genie Energy Ltd. is a global provider of energy services that operates through its subsidiaries. The Company’s segments include Genie Retail Energy (GRE), GRE International and Genie Energy Services (GES). The GRE segment consists of retail energy providers (REPs) and related businesses. GRE’s REP businesses purchase electricity and natural gas on the wholesale markets and resell its commodities to its residential and business customers in the United States. The GRE International segment consists of REPs and operates under a range of brand names, including Lumo Energia, Genie Energy Japan and Orbit Energy. The GES segment consists of businesses that market and provide energy solutions and also includes controlling interests in Prism, Diversegy and Genie Solar Energy. Its subsidiaries include Genie Energy International Corporation (GEIC), Genie Retail Energy (GRE), Genie Retail Energy International LLC (GREI), Genie Energy Services (GES) and Genie Oil and Gas, Inc. (GOGAS).