Genie Energy Ltd. (GNE) supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates through Genie Retail Energy, GRE International, and Genie Renewables segments.
The company reported robust financial performance for the last quarter, with solid margins in its retail book. The strong performance was partly fueled by the decision to let certain less profitable meters attrite ahead of the winter volatility and adjust the forward book accordingly.
