Genie Energy Unveils Insurance Strategy
Genie Energy Ltd. Class B Stock (GNE)
Last genie energy ltd. class b stock earnings: 11/8 07:30 am
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Source: GlobeNewswire
NEWARK, NJ, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced an expansion of its consumer product portfolio and the formation of a “captive” self-insurance subsidiary to enhance the Company’s risk management strategy. “Building on our strong financial performance over the past two years, we’ve identified potential opportunities to create incremental shareholder value,” said Michael Stein, Genie’s CEO. “We have built a large retail customer base through our traditional energy supply and solar sales organizations while, on a more modest level, cross-marketing other consumer products and services to this loyal base for enhanced returns. We are now expanding on this strategy by creating insurance-related businesses, including internally generated and third-party offerings, to distribute through our retail channels.” Genie announced that it has formed a wholly-owned captive insurance subsi
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- 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