(GNE) Genie Energy - Ratings and Ratios

Genie Energy Ltd. is a multifaceted energy company operating in the US and international markets, with a dual-segment business model comprising Genie Retail Energy and Genie Renewables. The company is a significant player in the energy services sector, reselling electricity and natural gas to residential and small business customers across key regions, including the Eastern and Midwestern United States and Texas. Its renewable energy arm focuses on developing, constructing, and operating large-scale solar energy projects, as well as distributing solar panels and offering energy procurement and advisory services to a diverse clientele of industrial, commercial, and municipal customers.

With its headquarters in Newark, New Jersey, Genie Energy has established itself as a key entity in the energy industry since its incorporation in 2011. The companys business model is geared towards capitalizing on the growing demand for renewable energy sources, alongside providing essential energy services to a broad customer base. Its operations are supported by a robust infrastructure, enabling it to navigate the complexities of the energy market effectively.

Analyzing the and available, we can infer that Genie Energy Ltd. (GNE) has shown positive momentum in its stock performance, with its last price standing at $16.59, above its SMA20 and SMA50. The stocks ATR indicates a moderate level of volatility. From a fundamental standpoint, the companys market capitalization is approximately $415.81M USD, with a P/E ratio of 27.00, suggesting a relatively high valuation compared to its earnings. The RoE of 6.32% indicates a moderate return on equity.

Forecasting GNEs future performance, we can anticipate a continued upward trend in its stock price, driven by the growing demand for renewable energy and the companys expanding presence in the solar energy sector. The stocks current position above its SMA20 and SMA50 is a bullish indicator. However, the high P/E ratio may suggest that the stock is overvalued, potentially limiting its upside. Therefore, a prudent forecast would be a gradual increase in the stock price, potentially reaching $18.50 within the next 6-12 months, contingent upon the companys continued growth in its renewable energy segment and favorable market conditions.