Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Genie Energy Ltd (NYSE: GNE) fell significantly during the last several trading days. GNE’s current Value Trend Rating is C and the prior Rating was A. Details supporting this lower rating are included in our next report.
Recent Price Action
Genie Energy Ltd (NYSE: GNE) stock closed at $16.53 on 3/18/24 after a modest gain of 1.0%. Moreover, this advance was accompanied by above average trading volume at 135% of normal. The stock has declined -12.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GNE is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Genie Energy has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Genie Energy has a very low Appreciation Score of 10 but a very high Power Rating of 92, leading to the Neutral Value Trend Rating.
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