The inflation rate fell to 6.4% in January but remains far above the Fed's long-term target of 2%. While high inflation is unequivocally bad for consumers, necessary items like utilities ride out inflationary periods well due to their stable demand. On top of it, the global utilities market is expected to reach $8.31 trillion in 2027, growing at a CAGR of 6.8%.
Genie Energy Ltd. (GNE) and its subsidiaries supply electricity and natural gas to residential and small business customers internationally. It has three operational segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables.
