GNE News & Analysis
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Genie Energy (GNE) Reports Form 4 Filing on June 11
Genie Energy (GNE) has submitted a Form 4 filing dated June 11. This document typically includes details about stock transactions made by company insiders. The specifics of the transactions and their potential implications for market perception are not provided. Such filings can offer insight into insider confidence and operational developments.
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Genie Energy (GNE) Reports 17% Meter Growth in Q4 2024 Earnings
Genie Energy (GNE) reported an increase of 23,000 net new meters added in Q4 2024, bringing the total growth for the year to over 60,000, a nearly 17% increase. The company achieved the high-end of its adjusted EBITDA guidance and reported over $6 million in gross profit for its renewables business, GREW, which saw a growth of over 120% compared to 2023. Despite lower electricity margins, the fourth quarter margins exceeded historical averages. Looking ahead, Genie plans to expand its meter book further in 2025, particularly in Texas and California.
Read More: Genie Energy (GNE) Reports 17% Meter Growth in Q4 2024 Earnings