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Shares Of Genie Energy Ltd. Class B Stock (GNE) Rise To A New 52-Week High

May 14, 2022 (MENAFN via COMTEX) --

(MENAFN - Investor Brand Network)

Genie Energy Ltd. Class B Stock (NYSE:GNE) traded today at a new 52-week high of $7.55. Approximately 641,000 shares have changed hands today, as compared to an average 30-day volume of 36,000 shares.

Genie Energy Ltd, through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. Its segments are Genie Retail Energy (GRE) which is the key revenue generator, GRE International, and Genie Energy Services (GES). GRE owns and operates retail energy providers (REPs), including IDT Energy, Residents Energy, Town Square Energy, and Mirabito. Its REP businesses resell electricity and natural gas to residential and small business in Eastern and Midwestern United States. GES designs, manufactures and distributes solar panels and also offers energy brokerage and advisory services.

Genie Energy Ltd. Class B Stock (NYSE:GNE) is currently priced 10.0% above its average consensus analyst price target of $6.72.

Genie Energy Ltd. Class B Stock share prices have moved between a 52-week high of $7.55 and a 52-week low of $4.74 and are now trading 58% above that low price at $7.47 per share.

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