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Genie Energy Ltd.Genie Energy Ltd.Genie Energy Ltd.

Genie Energy Ltd.

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GNE trade ideas

$GNE on verge of Breakout Genie Energy Ltd. engages in the provision of energy services. It operates through the following segments: Genie Retail Energy (GRE), Genie Energy Services (GES), GRE International and Genie Oil and Gas, Inc. (GOGAS). The GRE segment owns and operates retail energy providers which resell electricity and natural gas to residential and business customers. The GES segment oversees a retail energy advisory and brokerage firm and manages a solar solutions company which involves in the production of solar panels, solar installation design, and project management. The GOGAS segment owns an interest in a contracted drilling services operation and oil and gas exploration projects. The GRE International segment operates REPs in Japan and Finland and manages the Company's share in operations of Shoreditch in the U.K. The company was founded by Howard S. Jonas in November 2004 and is headquartered in Newark, NJ.
NYSE:GNE
by DEXWireNews
1
GNE test its triple bottomGenie Energy Ltd. (GNE) is undergoing bad times since it is involved in oil and gas exploration and is deeply correlated with oil prices. However the stock has approached its triple bottom area and seems to be testing this zone for almost eight weeks in a row. Apart from that the company reported second-quarter net income of $3.5 million, after reporting a loss in the same period a year earlier. This gives us a robust indication GNE will rise at least to its previous zone of resistance at $8.10. For more ideas visit mercuriusam.wordpress.com
NYSE:GNELong
by AleksandrLombrozo