Genie Energy Business Summary

Genie Energy Ltd. (GNE) operates as a diversified energy provider, primarily generating revenue through its Genie Retail Energy (GRE) segment, which resells electricity and natural gas to residential and small business customers across deregulated markets in the United States. The company’s secondary segment, Genie Renewables (GREW), functions as a vertically integrated provider of solar energy solutions, encompassing solar panel manufacturing, project development, and energy brokerage services through its Diversegy brand. As of early 2026, Genie Energy maintains a lean, high-margin business model by leveraging its customer acquisition expertise and a strategic shift toward utility-scale solar projects. In the competitive landscape, Genie Energy competes with larger retail energy providers and utilities such as NRG Energy, AES Corporation, and Via Renewables (formerly Spark Energy). Relative to these peers, Genie positions itself as a more agile, low-volatility alternative, characterized by a significantly lower beta and a focus on niche profitability within specific deregulated jurisdictions. The leadership team is anchored by Chairman Howard S. Jonas, the company’s founder and the visionary behind its 2011 spin-off from IDT Corporation. Chief Executive Officer Michael Stein, who has led the company since 2017, brings extensive experience in business development and operations from his previous tenure at IDT Telecom. Chief Financial Officer Avi Goldin, a Chartered Financial Analyst with an MBA from NYU Stern, has overseen the company’s financial strategy since 2011, following roles at Morgan Stanley and IDT. The executive suite is further bolstered by Alan Schwab, President and COO of Genie Retail Energy, who manages the core retail operations. The Board of Directors includes notable figures such as Lead Independent Director W. Wesley Perry and independent observer Michael Messara of Caledonia, reflecting a governance structure with deep roots in telecommunications and energy investment pedigree.