Genie Energy Ltd. GNE

Company Overview

Genie Energy Ltd. is a U.S.-based energy company focused on retail energy supply and renewable energy project development. The company operates primarily through its Genie Retail Energy and Genie Renewables businesses, serving residential and commercial customers in deregulated electricity and natural gas markets. Genie Energy participates in the broader utilities, retail energy, and renewable infrastructure industries, with revenue primarily generated through the sale of electricity and natural gas supply contracts and from renewable energy development activities.

The company was formed in 2011 as a spin-off from IDT Corporation, which remains associated through historical ownership ties and shared leadership influence. Over time, Genie Energy evolved from a diversified energy exploration and retail platform into a company centered on competitive retail energy supply and distributed renewable energy development. Its positioning is tied to operating in deregulated U.S. power markets, allowing it to market energy products directly to consumers and businesses while expanding into solar generation and energy infrastructure investments.