Genie Energy: Still Deeply Undervalued Despite Price Increase [Seeking Alpha]
Genie Energy Ltd. Class B Stock (GNE)
Last genie energy ltd. class b stock earnings: 11/8 07:30 am
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genie.com
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Source: Seeking Alpha
Genie Energy is investing in renewable energy with long-term growth trends. Recent improvement in Cash Conversion Cycle suggests progress, but needs to be monitored for long-term sustainability. Genie Energy stock is undervalued compared to peers, meaning it is ideal for "deep value play" investors. Investment Thesis I wrote about Genie Energy Ltd. ( NYSE: GNE ) almost one year ago. Back then, I noted the stock was deeply undervalued, which presents a good 'value play' opportunity. Since my last coverage, the price has appreciated significantly, close to 50%. In my opinion, as this appreciation was supported by a favourable improvement in the financial profile, the stock is still fundamentally undervalued. GNE's recent revenue growth was mainly driven by marketing and customer acquisition, not just cost-cutting, as noted in my previous article. An increasing Cash conversion cycle (CCC) from an annual perspective suggests the company might be having some issues with its in
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GNE
News
- Genie Energy to Report First Quarter 2024 ResultsGlobeNewswire
- Sunlight Energy Investments Acquires an Additional Solar Project [Yahoo! Finance]Yahoo! Finance
- Sunlight Energy Investments Acquires an Additional Solar ProjectGlobeNewswire
- Investors in Genie Energy (NYSE:GNE) have seen splendid returns of 160% over the past three years [Yahoo! Finance]Yahoo! Finance
- Genie Energy Ltd. (NYSE:GNE) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GNE
Sec Filings
- 4/9/24 - Form 4
- 4/1/24 - Form DEF
- 3/13/24 - Form 8-K
- GNE's page on the SEC website