GNE, US3722842081

Genie Energy crosses 200-day line: Genie Energy stock yields 1.90 percent

Published on 10/05/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net income reached USD 11.40 million, up 396.00 percent. Genie Energy stock costs EUR 14.65 versus EUR 14.60 on October 5, 2026.

GNE, US3722842081, Illustration mit AI erstellt.

Genie Energy (US3722842081) was trading at EUR 14.65 at Lang & Schwarz on October 5, 2026, versus a EUR 14.60 prior close. On September 25, 2026, MarketBeat reported that Genie Energy crossed above its 200-day moving average and listed a 1.90 percent dividend yield.

Profit rises while revenue contracts

Genie Energy's second-quarter 2026 revenue fell 4.60 percent year over year to USD 100.40 million, while net income attributable to common stockholders rose 396.00 percent to USD 11.40 million from USD 2.30 million. The figures were reported in the earnings-call material published by The Globe and Mail for the quarter ended June 30, 2026.

The earnings mix explains the divergence. Gross profit increased 43.40 percent to USD 33.70 million, and gross margin reached 33.50 percent as lower-margin aggregation deals rolled off and energy-market conditions normalized. Adjusted EBITDA climbed 150.00 percent year over year to USD 7.50 million.

Customer quality becomes the test

Genie Retail Energy revenue declined 4.90 percent to USD 94.10 million in the second quarter of 2026, but the company served a customer base with higher expected lifetime value after shifting toward more expensive acquisition channels. Residential customer equivalents fell to 345,000 from 413,000 a year earlier, showing the cost of the strategic mix change.

Management maintained fiscal 2026 adjusted EBITDA guidance of USD 32.50 million to USD 40.00 million. The same earnings-call material cited USD 204.30 million in cash, restricted cash and marketable equity securities as of June 30, 2026, against USD 6.80 million in net debt. That balance sheet gives the company room to fund customer acquisition, renewable projects and its Roded recycling operation, but the higher acquisition expense makes future conversion into recurring revenue important.

Analyst view remains cautious

Investing.com lists one analyst view dated August 10, 2026, with Freedom Broker at Hold and a USD 16.00 target after a downgrade from Buy. The target is 2.70 percent above the USD 15.58 reference price shown on that page, while MarketBeat reported a separate average Hold view from two analysts on September 25, 2026.

Lang & Schwarz price stays near EUR 15

Genie Energy stock was trading at EUR 14.65 at Lang & Schwarz on October 5, 2026 at 12:08 p.m. CEST, up 0.34 percent versus the EUR 14.60 prior close at Lang & Schwarz. On the NYSE, GNE was last at USD 16.43 on October 2, 2026 at 4:00 p.m. ET.