Genie Energy stock hits 52-week low at $13.45 amid market shifts

In a challenging economic climate, Genie Energy Ltd. (NYSE: NYSE:GNE) stock has touched a 52-week low, dipping to $13.45. According to InvestingPro analysis, the company maintains a strong financial health score of "GREAT" and holds more cash than debt on its balance sheet. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a 1-year change of -17.49%. Despite the decline, the company has maintained positive revenue growth of 5.44% and a healthy current ratio of 2.56. Investors are closely monitoring Genie Energy as it navigates through market volatility and industry-specific headwinds. The company’s performance, now at its lowest in a year, is drawing attention from market analysts and shareholders alike, as they assess the long-term implications of this current valuation on their investment strategies. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, part of the analysis covering 1,400+ US equities.

In other recent news, Genie Energy reported fourth-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.24, with revenue reaching $102.9 million, which, while slightly down 1.9% year-over-year, was largely in line with estimates. Genie Energy’s adjusted EBITDA for the fourth quarter decreased by 2.8% to $11.1 million compared to the previous year. For the full year 2024, the company achieved an adjusted EBITDA of $48.5 million, hitting the high end of its guidance range. The Genie Retail Energy division saw significant growth, adding over 23,000 net meters in the fourth quarter and expanding its customer base by 17% for the year. Revenue for this division remained stable at $98.4 million year-over-year. Looking forward, Genie Energy has maintained its full-year 2025 consolidated adjusted EBITDA guidance of $40 to $50 million. The company plans to continue building cash reserves and repurchasing stock while maintaining its current dividend.

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