NYSE:GNEElectric Utilities
Genie Energy (GNE) Stock Rallies On Margin Recovery Despite Revenue Dip
Genie Energy came into this earnings print on a quiet upswing, with the stock up over the past week and month, only to slip about 1.3% to US$14.55 after the release. That small pullback hides the real headline. Profitability snapped sharply higher in Q2, with net income excluding extra items at US$11.4m and basic earnings per share at US$0.44, even on softer revenue of about US$100.4m.
The story today is margin power returning to a retail energy and renewables business that had been marked by...