Genie Energy Ltd - Company Profile
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Genie Energy Ltd (Genie Energy), is a provider of energy services. The company owns and operates retail energy services, offers energy brokerage and advisory services, and supplies electricity and natural gas. The company purchases energy from the wholesale market and sells it to its clients. Through subsidiary companies, Genie Energy holds interests in oil and gas exploration and stage drilling services companies. The company’s retail energy providers and businesses resell electricity and natural gas to residential and small business customers. It operates under various brands, Citizens Choice, Southern Federal, Mirabito Natural Gas, IDT Energy, Residents Energy and Town Square Energy. The company serves residential, commercial and small business customers in the Eastern US, the UK, Israel and Japan. Genie Energy is headquartered in Newark, New Jersey, the US.
Headquarters
United States of America
Address
520 Broad Street, Newark, New Jersey, 07012
Website
genie.com
Telephone
1 973 4383500
No of Employees
192
Industry
Power
Ticker Symbol & Exchange
GNE (NYSE)
Revenue (2022)
$428.7M
35.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-77.7%
(2022 vs 2021)
Market Cap*
$424.4M
Net Profit Margin (2022)
XYZ
-83.6%
(2022 vs 2021)
* As of and is in US$
Genie Energy Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Supply of Electricity and Natural gas |
| Natural Gas | Energy Trading |
| Solar Generation Systems | Advisory |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In March, Sunlight Energy Investments acquired a late-stage solar development project in Hamilton, Indiana, the US. |
| 2023 | Acquisitions/Mergers/Takeovers | In March, the company's division, Genie Renewables acquired rights to new 6.25 megawatt Community Solar Site in Upstate New York, the US. |
| 2022 | Acquisitions/Mergers/Takeovers | In November, the company acquired a portfolio of residential and small commercial customer contracts from Mega Energy. |
Competitor Comparison
| Key Parameters | Genie Energy Ltd | WEC Energy Group Inc | Avangrid Inc | Ameren Corp | Baltimore Gas and Electric Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Newark | Milwaukee | Orange | St. Louis | Baltimore |
| State/Province | New Jersey | Wisconsin | Connecticut | Missouri | Maryland |
| No. of Employees | 192 | 7,000 | 7,999 | 9,372 | 3,200 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Howard S. Jonas | Chairman | Executive Board | 2014 | 66 |
| Michael Stein | Chief Executive Officer | Senior Management | 2017 | 39 |
| Avi Goldin | Chief Financial Officer | Senior Management | 2011 | 45 |
| James A. Courter | Vice Chairman | Executive Board | 2021 | 81 |
| Alan B Rosenthal | Director | Non Executive Board | 2011 | 69 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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