Genie Energy jumps as Q3 swings to profit

Genie Energy

07/11/2022 14:10

** Shares of energy solutions provider Genie Energy  GNE.N 
rise ~6.4% to $11.49 in light premarket trading 
    ** On a per share basis, GNE reports Q3 profit of 70
cents/share vs loss of 10 cents/share last year 
    ** "GRE continued to outperform in a volatile energy price
environment" - CEO Michael Stein
    ** Co says record quarterly results were driven by strength
in its domestic retail energy business 
    ** Net income attributable to GNE in Q3 is $18.3 mln,
compared with loss of $2.7 mln a year earlier 
    ** As of last close, shares are up 93.9% YTD
 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))