Zacks Initiates Coverage of Genie Energy With Neutral Recommendation

The company has effectively increased its customer base and demonstrated strong market penetration. Its presence in 18 of the 28 deregulated states and plans for further geographic expansion position it well to capture a larger market share. The research report highlights several key factors that could drive Genie Energy's growth. GREW is also making strides, with significant contributions from solar project milestones and an 86.9% year-over-year revenue increase in the first quarter of 2024. This expansion ...