Genie Energy maintains 2026 full-year Adjusted EBITDA guidance of $32.5 mln to $40 mln
Company expects recent high-value customer acquisitions to favorably impact future results
Genie Energy aims to boost cash generation and expand Diversegy and Genie Solar bottom lines
Result drivers
Wholesale energy conditions - Co said normalized wholesale energy market conditions enabled gross margin to return to historical average, driving improved bottom-line results
Customer acquisition spend - Co increased customer acquisition spending, targeting high-value customers, which is expected to favorably impact results in coming quarters
Renewables segment margins - Diversegy and Genie Solar drove margin improvement and positive EBITDA in renewables segment, aided by new community solar projects
Analyst coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Genie Energy Ltd is $16.00, about 13.3% above its August 5 closing price of $14.12
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 25 three months ago
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