Genie Energy (NYSE:GNE) Stock, Quote.Headers.trade-ideas

Genie Energy

Genie Energy Ltd, through its subsidiaries, operates as a retail energy provider. It serves two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management. It generates the majority of its revenue from the Genie retail energy segment.

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The CNN Money Fear and Greed index remained in the &#34;Greed&#34; zone on Monday.

U.S. stocks closed mixed on Monday, with the S&amp;P 500 settling lower for the second straight session. All three major indices closed recorded losses last week, with the S&amp;P 500 falling 0.26% and the blue-chip Dow declining 0.93%.

Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone Ahead Of Inflation Data; S&amp;P 500 Falls For 2nd Session

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U.S. stocks traded mixed toward the end of trading, with the Dow Jones index turning higher on Monday.

The Dow traded up 0.08% to 38,753.49 while the NASDAQ fell 0.20% to 16,052.34. The S&amp;P 500 also fell, dropping, 0.14% to 5,116.66.

Dow Turns Higher; GDS Holdings Shares Climb

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Shares of  Mesoblast Limited (NASDAQ: MESO) rose sharply during Monday’s session after the company announced FDA support of an accelerated approval pathway for rexlemestrocel-L in end-stage heart failure patients.

Mesoblast shares jumped 13.4% to $2.4399 on Monday.

Why Mesoblast Shares Are Trading Higher By 13%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Genie Energy Ltd. Class B Common Stock Stock

Genie Energy Ltd

GANFENG LITHIUM GROUP CO by Ganfeng Lithium Group Co. Ltd.

Ganfeng Lithium Group Co Ltd

GANFENG LITHIUM UNSP/ADR by Ganfeng Lithium Group Co. Ltd.

MICHAEL STEIN, Chief Executive Officer at Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>), reported an insider buy on August 6, according to a new SEC filing. 
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001528356/000095017024091121//Archives/edgar/data/1528356/000095017024091121/0000950170-24-091121-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled that STEIN made a notable purchase of 125,000 shares of Genie Energy, valuing at $2,125,000.
The latest update on Tuesday morning shows Genie Energy shares down by 2.53%, trading at $15.04.
<h3>Discovering Genie Energy: A Closer Look</h3>
Genie Energy Ltd, through its subsidiaries, operates as a retail energy provider. It serves two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management. It generates the majority of its revenue from the Genie retail energy segment.
<h3>Key Indicators: Genie Energy's Financial Health</h3>
Revenue Growth: Genie Energy displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 13.69%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 28.23%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Genie Energy exhibits below-average bottom-line performance with a current EPS of 0.3.
</li>
</ul>
Debt Management: Genie Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.0.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 40.61, Genie Energy's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.91, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 21.17, Genie Energy demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Pay Attention to Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001528356">Check Out The Full List Of Genie Energy's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Eye On Growth: MICHAEL STEIN Adds $2.12M Of Genie Energy Stock To Portfolio

A significant insider buy by AVI GOLDIN, CFO at Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>), was executed on August 6, and reported in the recent SEC filing.
What Happened: In a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001528356/000095017024091122//Archives/edgar/data/1528356/000095017024091122/0000950170-24-091122-index.htm">U.S. Securities and Exchange Commission</a>, it was disclosed that GOLDIN bought 32,100 shares of Genie Energy, amounting to a total of $545,700.
During Tuesday's morning session, Genie Energy shares down by 2.53%, currently priced at $15.04.
<h3>Get to Know Genie Energy Better</h3>
Genie Energy Ltd, through its subsidiaries, operates as a retail energy provider. It serves two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management. It generates the majority of its revenue from the Genie retail energy segment.
<h3>A Deep Dive into Genie Energy's Financials</h3>
Revenue Growth: Genie Energy displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 13.69%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company shows a low gross margin of 28.23%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Genie Energy's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.3.
</li>
</ul>
Debt Management: Genie Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Genie Energy's current Price to Earnings (P/E) ratio of 40.61 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.91 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 21.17 reflects market recognition of Genie Energy's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001528356">Check Out The Full List Of Genie Energy's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Bullish Move: AVI GOLDIN Shows Confidence, Acquires $545K In Genie Energy Stock

Guidance

Genie Energy Says On Track To Achieve Full Year Guidance Of $40M - $50M In Consolidated Adjusted EBITDA

Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) reported quarterly earnings of $0.37 per share. This is a 17.78 percent decrease over earnings of $0.45 per share from the same period last year. The company reported $90.70 million in sales this quarter. This is a 2.96 percent decrease over sales of $93.46 million the same period last year.

Genie Energy Q2 Adj $0.37 Down From $0.45 YoY, Sales $90.70M Down From $93.46M YoY

Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) reported quarterly earnings of $0.33 per share. This is a 38.89 percent decrease over earnings of $0.54 per share from the same period last year. The company reported $119.69 million in sales this quarter. This is a 13.69 percent increase over sales of $105.28 million the same period last year.

Genie Energy Q1 EPS $0.33 Down From $0.54 YoY, Sales $119.69M Up From $105.28M YoY

The CNN Money Fear and Greed index remained in the &quot;Greed&quot; zone on Monday.
U.S. stocks closed mixed on Monday, with the S&amp;P 500 settling lower for the second straight session. All three major indices closed recorded losses last week, with the S&amp;P 500 falling 0.26% and the blue-chip Dow declining 0.93%.
Data on the consumer price index for February will be released on Tuesday. Analysts expect the CPI to increase 3.1% on an annualized basis.
EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) announced that it entered into a definitive merger agreement to acquire Equitrans Midstream Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etrn#NYSE">ETRN</a>). Shares of Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) fell more than 9% on Monday following fourth-quarter results.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, consumer discretionary, and real estate stocks recording the biggest losses on Monday. However, materials and energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 47 points to 38,769.66 on Monday. The S&amp;P 500 fell 0.11% at 5,117.94, while the Nasdaq Composite fell 0.41% at 16,019.27 during Monday&rsquo;s session.
Investors are awaiting earnings results from International Game Technology PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/igt#NYSE">IGT</a>), IHS Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihs#NYSE">IHS</a>), and Kohl&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kss#NYSE">KSS</a>) today.
At a current reading of 66.6, the index remained in the &quot;Greed&quot; zone on Monday, versus a prior reading of 66.6.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Read Next: <a href="https://www.benzinga.com/news/24/03/37584146/top-5-risk-off-stocks-that-may-plunge-this-quarter"> Top 5 Risk Off Stocks That May Plunge This Quarter </a>

Fear & Greed Index Remains In 'Greed' Zone Ahead Of Inflation Data; S&P 500 Falls For 2nd Session

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index turning higher on Monday.
The Dow traded up 0.08% to 38,753.49&nbsp;while the NASDAQ fell 0.20% to 16,052.34. The S&amp;P 500 also fell, dropping, 0.14% to 5,116.66.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37578817/cramer-says-this-healthcare-stock-can-go-higher-calls-manhattan-associates-a-winner"> Cramer Says This Healthcare Stock Can Go Higher, Calls Manhattan Associates &#39;A Winner&#39;</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Materials shares jumped by 0.9% on Monday.
In trading on Monday, industrials shares fell by 0.8%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) announced that it entered into a definitive merger agreement to acquire Equitrans Midstream Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etrn#NYSE">ETRN</a>).
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) shares shot up 22% to $7.80 following a report suggesting Hillhouse and Boyu are in talks to invest in the company&#39;s Southeast Asia data center business.
Shares of Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) got a boost, surging 20% to $0.7234 after the company announced its 2024 strategic layout with plans to enter the real estate stock asset services <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a>
Lexicon Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxrx#NASDAQ">LXRX</a>) shares were also up, gaining 22% to $2.6550 after the company said it is preparing to resubmit its Sotagliflozin NDA for Type 1 diabetes following FDA feedback. Additionally, the company announced a securities purchase agreement expected to result in gross proceeds of around $250 million.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Eltek Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eltk#NASDAQ">ELTK</a>) shares dropped 22% to $10.80 after the company announced downbeat quarterly earnings.
Shares of Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) were down 10% to $16.98 following fourth-quarter results.
Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) was down, falling 20% to $7.89. Ventyx Biosciences reported clinical data for its NLRP3 inhibitor portfolio and issued pipeline updates at Virtual Investor Event.
Also Check This Out:<a href="https://www.benzinga.com/news/24/03/37584146/top-5-risk-off-stocks-that-may-plunge-this-quarter"> Top 5 Risk Off Stocks That May Plunge This Quarter</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 0.2% to $77.84 while gold traded up 0.1% at $2,186.40.
Silver traded up 0.6% to $24.69 on Monday while copper rose 0.9% to $3.9275.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were mostly lower today. The eurozone&rsquo;s STOXX 600 fell 0.35%, London&rsquo;s FTSE 100 rose 0.12% while Spain&rsquo;s IBEX 35 Index rose 0.19% The German DAX fell 0.38% French CAC 40 fell 0.10% while Italy&rsquo;s FTSE MIB Index fell 0.27%.
Spanish retail trade rose by 0.3% year-over-year in January versus a revised 2.7% gain in the previous month.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Monday, with Japan&rsquo;s Nikkei 225 dipping 2.19%, Hong Kong&rsquo;s Hang Seng Index gaining 1.43%, China&rsquo;s Shanghai Composite Index gaining 0.74% and India&rsquo;s S&amp;P BSE Sensex falling 0.81%.
Chinese vehicle sales dipped by 19.9% year-over-year to 1.58 million units in February versus a 47.9% surge in the prior month. Japanese machine tool orders declined by 8% year-over-year to JPY 114,154 million in February. Japan&#39;s GDP expanded by 0.1% quarter-over-quarter in the fourth quarter versus a 0.8% contraction in the third quarter.
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<h3>Economics</h3>
&nbsp;
No economic report of significance is due for Monday
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37578904/how-to-earn-500-a-month-from-calavo-growers-ahead-of-q1-earnings"> How To Earn $500 A Month From Calavo Growers Ahead Of Q1 Earnings</a>

Shares of Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) rose sharply during Monday&rsquo;s session after the company announced FDA support of an accelerated approval pathway for rexlemestrocel-L in end-stage heart failure patients.
Mesoblast shares jumped 13.4% to $2.4399 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Kidpik Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pik#NASDAQ">PIK</a>) gained 238% to $9.15. Kidpik recently announced a 1-for 5 reverse stock split.</li>
<li>TC Biopharm (Holdings) Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbp#NASDAQ">TCBP</a>) shares surged 149% to $2.6450.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meds#NASDAQ">MEDS</a>) gained 114.6% to $17.26. TRxADE Health recently announced a special cash dividend of $8 per share.</li>
<li>Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) shares climbed 108% to $1.2593 after the company announced its 2024 strategic layout with plans to enter the real estate stock asset services <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a>.</li>
<li>GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) shares gained 23.7% to $7.93 following a report suggesting Hillhouse and Boyu are in talks to invest in the company&#39;s Southeast Asia data center business.</li>
<li>Solidion Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sti#NASDAQ">STI</a>) rose 23.3% to $0.9620.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kc#NASDAQ">KC</a>) shares gained 23.1% to $3.31. Kingsoft Cloud is expected to report fourth-quarter financial results on March 20, 2024.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) gained 21.7% to $13.89. EHang Holdings is expected to release its unaudited financial results for the fourth quarter on March 15, 2024.</li>
<li>Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) gained 21.5% to $12.90. Standard General delivered a non-binding letter to the board of directors of Bally&#39;s proposing a transaction under which it would acquire all of the outstanding shares of common stock for $15/share, not currently owned by the company.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) climbed 21.2% to $3.43. Rail Vision received an order from a Class 1 US railroad company for its AI-based safety system.</li>
<li>Marpai, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrai#NASDAQ">MRAI</a>) gained 18.7% to $2.0899.</li>
<li>bioAffinity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biaf#NASDAQ">BIAF</a>) climbed 18.3% to $1.81.</li>
<li>Lixiang Education Holding Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxeh#NASDAQ">LXEH</a>) gained 15.6% to $4.8797.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxrx#NASDAQ">LXRX</a>) jumped 13.4% to $2.4650 after the company said it is preparing to resubmit its Sotagliflozin NDA for Type 1 diabetes following FDA feedback. Additionally, the company announced a securities purchase agreement expected to result in gross proceeds of around $250 million.</li>
<li>NWTN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwtn#NASDAQ">NWTN</a>) gained 13.4% to $4.8082.</li>
<li>Pulse Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plse#NASDAQ">PLSE</a>) rose 12.7% to $10.86. Pulse Biosciences announced FDA 510(k) clearance for Cellfx NSPFA Percutaneous Electrode System.</li>
<li>Bilibili Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bili#NASDAQ">BILI</a>) gained 12.7% to $12.55 after JP Morgan upgraded the stock from Underweight to Neutral and raised its price target from $10 to $11. The stock is also gaining amid overall China strength following the annual National People&#39;s Congress event.</li>
<li>Graphite Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grph#NASDAQ">GRPH</a>) climbed 11.7% to $3.5080. Graphite Bio declared a special dividend in connection with proposed merger with Lenz Therapeutics.</li>
<li>STAAR Surgical Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/staa#NASDAQ">STAA</a>) jumped 10% to $39.45 after Stifel upgraded the stock from Hold to Buy and raised its price target from $30 to $50.</li>
<li>VNET Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnet#NASDAQ">VNET</a>) rose 9.8% to $1.68.</li>
<li>Moderna, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NASDAQ">MRNA</a>) gained 9.2% to $112.51.</li>
<li>Ituran Location and Control Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itrn#NASDAQ">ITRN</a>) climbed 7.8% to $28.42.</li>
<li>NuScale Power Corporation(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) gained 7% to $5.87. NuScale Power is expected to release fourth quarter results on March 14, 2024.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) gained 4.7% to $1,492.07 amid continued strength in Bitcoin.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jeffs&#39; Brands Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jfbr#NASDAQ">JFBR</a>) fell 45.2% to $0.8650.</li>
<li>Eltek Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eltk#NASDAQ">ELTK</a>) shares fell 20.9% to $11.00 after the company announced downbeat quarterly earnings.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cero#NASDAQ">CERO</a>) declined 22% to $3.0822 after jumping 28% on Friday. CERo Therapeutics recently announced the publication of preclinical research analyzing CER-1236 in targeting Acute Myelogenous Leukemia tumor cells from human patients.</li>
<li>The Real Good Food Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgf#NASDAQ">RGF</a>) fell 19.7% to $0.5536.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) dipped 18.5% to $8.09. Ventyx Biosciences reported clinical data for its NLRP3 inhibitor portfolio and issued pipeline updates at Virtual Investor Event.</li>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyt#NASDAQ">LYT</a>) fell 15.3% to $6.78 after declining 8% on Friday. Lytus Technologies, last week, announced the launch of Lytus Cloud.</li>
<li>Next.e.GO N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egox#NASDAQ">EGOX</a>) declined 15.3% to $0.0727.</li>
<li>MoneyLion Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ml#NYSE">ML</a>) fell 15% to $63.36.</li>
<li>Semilux International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/selx#NASDAQ">SELX</a>) fell 14.8% to $1.4403 after jumping 69% on Friday.</li>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyt#NASDAQ">LYT</a>) fell 14.6% to $6.83.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bned#NYSE">BNED</a>) dipped 13.8% to $0.7832. Barnes &amp; Noble Education recently rescheduled its third quarter fiscal year 2024 earnings release.</li>
<li>Psyence Biomedical Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbm#NASDAQ">PBM</a>) fell 13.4% to $1.8272 after jumping 66% on Friday. The company recently announced its subsidiary, Psyence Australia, received Human Research Ethics Committee approval to initiate its Phase IIb study.</li>
<li>Immuron Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imrn#NASDAQ">IMRN</a>) shares tumbled 12.5% to $3.3252 after dipping 16% on Friday.</li>
<li>Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) fell 12% to $16.67 following fourth-quarter results.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) dipped 9.8% to $6.35.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atxi#NASDAQ">ATXI</a>) fell 8.9% to $0.1749 after surging 10% on Friday.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) dipped 8.8% to $1,039.60.</li>
<li>MannKind Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnkd#NASDAQ">MNKD</a>) declined 8.7% to $4.81. MannKind announced initial meal challenge data from INHALE-3 Phase 4 U.S. trial comparing afrezza head-to-head with multiple daily injections and insulin pumps.</li>
<li>Poseida Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pstx#NASDAQ">PSTX</a>) fell 8.1% to $3.74.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37584162/wall-streets-most-accurate-analysts-say-buy-these-3-energy-stocks-with-over-3-dividend-y"> Wall Street&#39;s Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields</a>

Why Mesoblast Shares Are Trading Higher By 13%? Here Are Other Stocks Moving In Monday's Mid-Day Session

WIIM

Genie Energy shares are trading lower after the company reported a year-over-year decrease Q4 adjusted EPS results.

U.S. stocks traded lower midway through trading, with the Dow Jones index dipping over 50 points on Monday.
The Dow traded down 0.16% to 38,662.09 while the NASDAQ fell 0.26% to 16,043.75. The S&amp;P 500 also fell, dropping, 0.27% to 5,110.11.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37578817/cramer-says-this-healthcare-stock-can-go-higher-calls-manhattan-associates-a-winner"> Cramer Says This Healthcare Stock Can Go Higher, Calls Manhattan Associates &#39;A Winner&#39;</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Materials shares jumped by 0.3% on Monday.
In trading on Monday, industrials shares fell by 1.1%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) announced that it entered into a definitive merger agreement to acquire Equitrans Midstream Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etrn#NYSE">ETRN</a>).
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) shares shot up 21% to $7.77 following a report suggesting Hillhouse and Boyu are in talks to invest in the company&#39;s Southeast Asia data center business.
Shares of Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) got a boost, surging 48% to $0.8952 after the company announced its 2024 strategic layout with plans to enter the real estate stock asset services <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a>
Lexicon Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxrx#NASDAQ">LXRX</a>) shares were also up, gaining 19% to $2.5790 after the company said it is preparing to resubmit its Sotagliflozin NDA for Type 1 diabetes following FDA feedback. Additionally, the company announced a securities purchase agreement expected to result in gross proceeds of around $250 million.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Eltek Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eltk#NASDAQ">ELTK</a>) shares dropped 21% to $11.05 after the company announced downbeat quarterly earnings.
Shares of Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) were down 11% to $16.93 following fourth-quarter results.
Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) was down, falling 19% to $8.07. Ventyx Biosciences reported clinical data for its NLRP3 inhibitor portfolio and issued pipeline updates at Virtual Investor Event.
Also Check This Out:<a href="https://www.benzinga.com/news/24/03/37584146/top-5-risk-off-stocks-that-may-plunge-this-quarter"> Top 5 Risk Off Stocks That May Plunge This Quarter</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.2% to $78.17 while gold traded up 0.2% at $2,189.80.
Silver traded up 0.3% to $24.615 on Monday while copper rose 0.4% to $3.9085.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were mostly lower today. The eurozone&rsquo;s STOXX 600 fell 0.57%, London&rsquo;s FTSE 100 fell 0.30% while Spain&rsquo;s IBEX 35 Index rose 0.10% The German DAX fell 0.63% French CAC 40 fell 0.38% while Italy&rsquo;s FTSE MIB Index fell 0.53%.
Spanish retail trade rose by 0.3% year-over-year in January versus a revised 2.7% gain in the previous month.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Monday, with Japan&rsquo;s Nikkei 225 dipping 2.19%, Hong Kong&rsquo;s Hang Seng Index gaining 1.43%, China&rsquo;s Shanghai Composite Index gaining 0.74% and India&rsquo;s S&amp;P BSE Sensex falling 0.81%.
Chinese vehicle sales dipped by 19.9% year-over-year to 1.58 million units in February versus a 47.9% surge in the prior month. Japanese machine tool orders declined by 8% year-over-year to JPY 114,154 million in February. Japan&#39;s GDP expanded by 0.1% quarter-over-quarter in the fourth quarter versus a 0.8% contraction in the third quarter.
&nbsp;
<h3>Economics</h3>
&nbsp;
No economic report of significance is due for Monday.
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37578904/how-to-earn-500-a-month-from-calavo-growers-ahead-of-q1-earnings"> How To Earn $500 A Month From Calavo Growers Ahead Of Q1 Earnings</a>

Crude Oil Edges Higher; Lexicon Pharmaceuticals Shares Jump

U.S. stocks were lower, with the Dow Jones index falling more than 150 points on Monday.
Shares of EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) fell sharply during Monday&rsquo;s session after the company announced that it entered into a definitive merger agreement to <a href="https://www.benzinga.com/markets/equities/24/03/37583705/why-eqt-equitrans-midstream-shares-are-moving-premarket-monday">acquire Equitrans Midstream</a>.
EQT shares fell 8.4% to $34.37 on Monday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) shares tumbled 18.5% to $8.09. Ventyx Biosciences reported clinical data for its NLRP3 inhibitor portfolio and issued pipeline updates at Virtual Investor Event.</li>
<li>MoneyLion Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ml#NYSE">ML</a>) dipped 15% to $63.36.</li>
<li>Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) declined 12% to $16.67 following fourth-quarter results.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) dipped 9.8% to $6.35.</li>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) fell 9.6% to $16.54.</li>
<li>Bitfarms Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bitf#NASDAQ">BITF</a>) fell 9% to $2.4290. Bitfarms purchased additional miners to reach 21 EH/s in 2024.</li>
<li>Quantum-Si incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qsi#NASDAQ">QSI</a>) declined 9% to $2.03.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) dipped 8.8% to $1,039.60.</li>
<li>MannKind Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnkd#NASDAQ">MNKD</a>) dipped 8.7% to $4.81. MannKind announced initial meal challenge data from INHALE-3 Phase 4 U.S. trial comparing afrezza head-to-head with multiple daily injections and insulin pumps.</li>
<li>Applied Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aplt#NASDAQ">APLT</a>) fell 8.4% to $6.35.</li>
<li>Poseida Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pstx#NASDAQ">PSTX</a>) declined 8.1% to $3.74.</li>
<li>Arrowhead Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arwr#NASDAQ">ARWR</a>) fell 7.6% to $30.90. Arrowhead Pharmaceuticals recently announced that it initiated its Phase 1/2a study of ARO-DM1 for the treatment of type 1 myotonic dystrophy.</li>
<li>Arcutis Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arqt#NASDAQ">ARQT</a>) dipped 7.6% to $10.31. Arcutis promoted Todd Tucker to Chief Human Resources Officer.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) fell 6.3% to $79.96.</li>
<li>Celestica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) fell 5.7% to $43.45. Cormark Securities analyst Jesse Pytlak initiated coverage on Celestica with a Buy rating and announced a price target of $56.</li>
<li>NOVONIX Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvx#NYSE">NVX</a>) fell 5.2% to $2.37.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/03/37584146/top-5-risk-off-stocks-that-may-plunge-this-quarter"> Top 5 Risk Off Stocks That May Plunge This Quarter</a>

APLT

ARQT

ARWR

BITF

CVNA

Nuveen California Dividend Advantage Municipal Fund 2

EQT, Genie Energy And Other Big Stocks Moving Lower On Monday

Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) reported quarterly adjusted&nbsp;earnings of $0.37 per share. This is a 39.34 percent decrease over earnings of $0.61 per share from the same period last year. The company reported $104.90 million in sales this quarter. This is a 28.87 percent increase over sales of $81.40 million the same period last year.

Genie Energy Q4 Adj  EPS $0.37 Down From $0.61 YoY, Sales $104.90M Up From $81.40M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Ballard Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDP#NASDAQ">BLDP</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $34.20 million.
&bull; Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $49.47 million.
&bull; SilverCrest Metals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SILV#AMEX">SILV</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; Legend Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGN#NASDAQ">LEGN</a>) is projected to report quarterly loss at $0.83 per share on revenue of $86.52 million.
&bull; Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) is projected to report earnings for its fourth quarter.
&bull; Overseas Shipholding Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSG#NYSE">OSG</a>) is expected to report earnings for its fourth quarter.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $12.20 million.
&bull; Endeavour Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $49.47 million.
&bull; Fortrea Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $775.89 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Hesai Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) is likely to report quarterly loss at $0.11 per share on revenue of $81.11 million.
&bull; PLAYSTUDIOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYPS#NASDAQ">MYPS</a>) is expected to report quarterly loss at $0.02 per share on revenue of $75.31 million.
&bull; Ocular Therapeutix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) is estimated to report quarterly loss at $0.30 per share on revenue of $15.71 million.
&bull; Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $167.68 million.
&bull; Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) is projected to report quarterly earnings at $0.17 per share on revenue of $252.67 million.
&bull; Mission Produce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) is likely to report quarterly loss at $0.06 per share on revenue of $210.75 million.
&bull; Casey&#39;s General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is estimated to report quarterly earnings at $2.13 per share on revenue of $3.54 billion.
&bull; Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is estimated to report quarterly earnings at $1.38 per share on revenue of $13.31 billion.
&bull; Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) is estimated to report earnings for its fourth quarter.
&bull; Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODI#NYSE">BODI</a>) is estimated to report quarterly loss at $3.12 per share on revenue of $108.75 million.
&bull; Ranpak Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACK#NYSE">PACK</a>) is expected to report quarterly loss at $0.04 per share on revenue of $87.04 million.
&bull; Alto Ingredients (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTO#NASDAQ">ALTO</a>) is expected to report quarterly loss at $0.08 per share on revenue of $292.76 million.
&bull; CytomX Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) is expected to report quarterly loss at $0.03 per share on revenue of $21.04 million.
&bull; Yalla Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALA#NYSE">YALA</a>) is expected to report earnings for its fourth quarter.
&bull; Assertio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASRT#NASDAQ">ASRT</a>) is projected to report quarterly loss at $0.02 per share on revenue of $33.81 million.
&bull; Smart Sand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) is expected to report quarterly loss at $0.06 per share on revenue of $57.70 million.
&bull; Bowman Consulting Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWMN#NASDAQ">BWMN</a>) is likely to report quarterly loss at $0.07 per share on revenue of $90.66 million.
&bull; LifeMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) is projected to report quarterly loss at $0.14 per share on revenue of $40.49 million.
&bull; Invesco KBW NASDAQ Fintech UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $6.90 million.
&bull; NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNBR#NASDAQ">NNBR</a>) is expected to report quarterly loss at $0.08 per share on revenue of $113.15 million.
&bull; Alpha Teknova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) is expected to report quarterly loss at $0.24 per share on revenue of $8.32 million.
&bull; Monroe Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCC#NASDAQ">MRCC</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $16.56 million.
&bull; Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is estimated to report quarterly earnings at $5.98 per share on revenue of $1.15 billion.
&bull; NET Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) is projected to report quarterly loss at $0.05 per share on revenue of $1.50 million.
&bull; Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $185.11 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ALTO

ASAN

ASRT

BLDP

The Beachbody Company, Inc. Class A Common Stock

BODI

BWMN

CANG

CASY

CTMX

CVGW

FTEK

FTRE

HRTG

HSAI

LEGN

LFMD

MRCC

MYPS

NNBR

NPWR

OCUL

ORCL

PACK

SILV

TKNO

YALA

Earnings Scheduled For March 11, 2024

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 3.97</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.42</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.64</li>
<li>Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) - P/E: 9.19</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.93</li>
</ol>
TransAlta's earnings per share for Q4 sits at $-0.2, whereas in Q3, they were at 1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
Hawaiian Electric Indus saw a decrease in earnings per share from 0.56 in Q3 to $0.48 now. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Most recently, Genie Energy reported earnings per share at $0.53, whereas in Q2 earnings per share sat at $0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
Entergy has reported Q4 earnings per share at $0.52, which has decreased by 84.1% compared to Q3, which was 3.27. Its most recent dividend yield is at 4.56%, which has decreased by 0.29% from 4.85% in the previous quarter.
This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

5 Value Stocks To Watch In The Utilities Sector

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.49</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.95</li>
<li>Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) - P/E: 9.08</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.86</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.15</li>
</ol>
Genie Energy's earnings per share for Q3 sits at $0.53, whereas in Q2, they were at 0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
Hawaiian Electric Indus's earnings per share for Q4 sits at $0.48, whereas in Q3, they were at 0.56. Most recently, the company reported a dividend yield of 3.75%, which has increased by 0.01% from last quarter's yield of 3.74%.
Entergy saw a decrease in earnings per share from 3.27 in Q3 to $0.52 now. Its most recent dividend yield is at 4.56%, which has decreased by 0.29% from 4.85% in the previous quarter.
Enel Chile saw an increase in earnings per share from 0.1 in Q2 to $0.14 now. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
TransAlta has reported Q4 earnings per share at $-0.2, which has decreased by 119.05% compared to Q3, which was 1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

ENIC

5 Value Stocks In The Utilities Sector

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.32</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.41</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.99</li>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 6.46</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.95</li>
</ol>
This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
Genie Energy has reported Q3 earnings per share at $0.53, which has increased by 17.78% compared to Q2, which was 0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. Most recently, OPAL Fuels reported earnings per share at $-0.01, whereas in Q2 earnings per share sat at $-0.12. This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

OPAL

A Look Into Utilities Sector Value Stocks

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 6.24</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.58</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.63</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.65</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.31</li>
</ol>
This quarter, OPAL Fuels experienced an increase in earnings per share, which was $-0.12 in Q2 and is now $-0.01. This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. Its most recent dividend yield is at 64.82%, which has decreased by 1.55% from 66.37% in the previous quarter.
Genie Energy's earnings per share for Q3 sits at $0.53, whereas in Q2, they were at 0.45. Its most recent dividend yield is at 1.61%, which has increased by 0.13% from 1.48% in the previous quarter.
This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Thursday marks the last chance for investors to receive the next dividend payout from Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 7.5 cents per share. On Friday, Genie Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own GNE as of the end of Thursday's session are eligible to receive the 7.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 28, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/GNE">Monitor live stock price updates for Genie Energy on Benzinga.</a>

Dividends

Thursday Is Your Last Chance To Buy Genie Energy Before The Dividend Payout

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 6.39</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.76</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.7</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.75</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.4</li>
</ol>
OPAL Fuels's earnings per share for Q3 sits at $-0.01, whereas in Q2, they were at -0.12. Most recently, Cia Energetica DE Minas reported earnings per share at $0.03, whereas in Q2 earnings per share sat at $0.12. Enel Chile saw an increase in earnings per share from 0.1 in Q2 to $0.14 now. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
Genie Energy saw an increase in earnings per share from 0.45 in Q2 to $0.53 now. Most recently, the company reported a dividend yield of 1.48%, which has decreased by 0.71% from last quarter's yield of 2.19%.
This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he likes U-Haul Holding Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhal#NYSE">UHAL</a>). <a href="https://www.benzinga.com/quote/UHAL/news"> &quot;I&rsquo;m fine with it,&quot; he says.</a>
&quot;When rates go up, people sell gold, and that means you should buy gold. Because we buy gold for insurance,&quot; Cramer said when asked about Barrick Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>)
Cramer recommended buying Micron Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>).
When asked about Westinghouse Air Brake Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), he said, &quot;I don&rsquo;t want to come in now that the stock&rsquo;s selling at 27 times earnings.&quot;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Cramer said he doesn&rsquo;t want to go into Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) and wants to stay away from Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36690429/jim-cramer-weighs-in-on-btcs-decline-after-etf-launch-nasty-beginning-to-the-bitcoin-sello">Jim Cramer Weighs In On BTC&#39;s Decline After ETF Launch - &#39;Nasty Beginning To The Bitcoin Selloff... And Then Almost No One Shows Up&#39;</a>
When asked about General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>), Cramer praised CEO Larry Culp for &quot;just making money left and right.&quot;
The &quot;Mad Money&quot; host called Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) &quot;kind of a generic one in an industry where we got to have something better than generic.&quot;
Cramer said Caterpillar Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) is &quot;going to have terrific year, and don&rsquo;t be dissuaded about China or oil price, whatever.&quot;
<h3>Price Action</h3>
<ul>
<li>Shares of Caterpillar gained 1.2% to close at $281.90.</li>
<li>Genie Energy shares rose 0.5% to $20.14 on Thursday.</li>
<li>GE gained 1.3% to settle at $128.55.</li>
<li>Marathon Digital shares fell 6.9% to close at $16.07 during Thursday&rsquo;s session.</li>
<li>Westinghouse Air Brake Technologies shares rose 0.7% to settle at $126.74.</li>
<li>Micron gained 1.9% to $84.82 on Thursday.</li>
<li>Barrick Gold slipped 0.2%.</li>
<li>U-Haul rose 0.5% to close at $65.59 on Thursday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/01/36677132/top-4-energy-stocks-you-may-want-to-dump-in-january"> Top 4 Energy Stocks You May Want To Dump In January </a> 
Image: Shutterstock

Long Ideas

Media

$BTC

GOLD

MARA

UHAL

Jim Cramer Predicts A 'Terrific Year' For This Manufacturer, And As For U-Haul? 'I'm Fine With It'

VST, WAVE, ARIS, and GNE are among utility movers

Genie Energy: Attractively Priced With Solar Energy Upside

In 1979, Genentech managed to create synthetic human insulin. Now 45 years later, biotech is a $1.77 trillion industry — up from $1.55 trillion in 2023. By 2030, that's projected to reach close to $4 trillion.

A $2.5 Trillion Opportunity In The Biotech Industry

Here is the next potential market catalyst

Genie Energy Non-GAAP EPS of $0.37, revenue of $90.7M; updates FY24 adjusted EBITDA outlook

Genie Energy declares $0.075 dividend

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Genie Energy (NYSE:<a href="https://investorplace.com/stock-quotes/gne-stock-quote/">GNE</a>) just reported results for the second quarter of 2024.<ul><li>Genie Energy reported earnings per share of 37 cents.</li><li>The company reported revenue of $90.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/gne-stock-earnings-genie-energy-for-q2-of-2024/">GNE Stock Earnings: Genie Energy Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

GNE Stock Earnings: Genie Energy Reported Results for Q2 2024

Genie Energy Ltd. (GNE) Q2 2024 Earnings Call Transcript

The utility industry is seen as a resilient market space due to the stable demand it faces. Moreover, its long-term prospects are expected to be driven by rising energy demand. Therefore, high-quality utility stocks. Centrica (CPYYY), Brookfield Infrastructure (BIPC), and Genie Energy (GNE), could be solid buys for conservative investors. Keep reading... Utilities are well-established and fundamentally resilient because the demand for these services typically remains unaffected by economic fluctuations. Companies in this sector offer essential services such as electricity, gas, water, and telecommunications, which are consistently needed.
Against this backdrop, investors could consider high-quality utility stocks Centrica plc (<a href="https://stocknews.com/stock/CPYYY/">CPYYY</a>), Brookfield Infrastructure Corporation (<a href="https://stocknews.com/stock/BIPC/">BIPC</a>), and Genie Energy Ltd. (<a href="https://stocknews.com/stock/GNE/">GNE</a>) for conservative investors.
The growth of the energy and utility market is positively influenced by rising energy demand in both developing and developed countries and a focus on green energy production. The utility market is expected to <a href="https://www.thebusinessresearchcompany.com/report/utilities-global-market-report">grow at a CAGR of 6.4%</a> to reach $8.83 trillion by 2028.
Furthermore, the generative AI market in the utilities sector is experiencing growth as utilities increasingly recognize its potential to revolutionize their operations. The global generative AI In utilities market is expected to grow at a <a href="https://market.us/report/generative-ai-in-utilities-market/">CAGR of 34%</a> by 2033.
Considering these factors, let's examine the fundamentals of the utility sector stock picks.
Centrica plc (<a href="https://stocknews.com/stock/CPYYY/">CPYYY</a>)
Headquartered in Windsor, the United Kingdom, CPYYY is an integrated energy company operating in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services &amp; Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments. 
CPYYY pays an annual dividend of $0.20, which translates to a yield of 3.16% at the current share price. Its four-year average dividend yield is 1.04%.
CPYYY's trailing-12-month ROCE of 23.30% is 146.9% higher than the industry average of 9.44%. Its trailing-12-month ROTA of 6.711% is 127.5% higher than the industry average of 2.69%.
During the six months that ended June 30, 2024, CPYYY's total group revenue was reported at £10.54 billion ($13.45 billion), and its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> at £2.68 billion ($3.42 billion). Its profit for the period stood at £1.35 billion ($1.72 billion), and its earnings per share at 24.6pence.
The stock has gained marginally intraday to close its last trading session at $6.42.
CPYYY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Value and a B for Momentum, Quality, and Sentiment. It is ranked #1 out of 53 stocks in the <a href="https://stocknews.com/category/utilities-foreign/">Utilities - Foreign</a> industry.
Beyond what is stated above, we've also rated CPYYY for Stability and Growth. Get all CPYYY ratings <a href="https://stocknews.com/stock/CPYYY/">here</a>.
Brookfield Infrastructure Corporation (<a href="https://stocknews.com/stock/BIPC/">BIPC</a>)
BIPC and its subsidiaries own and operate regulated natural gas transmission systems in Brazil. The company also engages in regulated gas and electricity distribution operations in the United Kingdom and electricity transmission and distribution and gas distribution in Australia.
BIPC pays an annual dividend of $1.62, which translates to a yield of 4.35% at the current share price. Its four-year average dividend yield is 3.46%. BIPC has paid dividends for the past three years.
In terms of the trailing-12-month Return on Total Capital, BIPC's 12.21% is 205.5% higher than the 4% industry average. Likewise, its 36.76% trailing-12-month net income margin is 182.3% higher than the 13.02% industry average. Furthermore, the stock's 82.31% trailing-12-month EBITDA margin is 124.7% higher than the 36.63% industry average.
For the fiscal second quarter ended June 30, 2024, BIPC's revenues rose 20.7% year-over-year to $5.14 billion. Net income attributable to the partnership came in at $8 million. Its consolidated funds from operations rose 27.2% year-over-year to $1.42 billion. In addition, its FFO per unit came in at $0.77, representing an increase of 6.9% year-over-year.
For the quarter ending September 2024, BIPC's FFO is expected to increase 8.5% year-over-year to $0.77. Its revenue for fiscal 2024 is expected to increase 6.3% year-over-year to $19.05 billion.
Shares of BIPC have gained 25.6% over the past nine months to close the last trading session at $37.28.
BIPC has an overall rating of B, equating to Buy in our proprietary rating system.
BIPC has a B grade for Growth, Momentum, and Quality. It is ranked #1 out of 60 stocks in the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry.
In addition to the POWR Ratings highlighted above, one can access BIPC's ratings for Value, Sentiment, and Stability <a href="https://stocknews.com/stock/BIPC/">here</a>.  
Genie Energy Ltd. (<a href="https://stocknews.com/stock/GNE/">GNE</a>)
GNE supplies electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments: GRE and Genie Renewables.
GNE pays an annual dividend of $0.30, which translates to a yield of 1.87% at the current share price. Its four-year average dividend yield is 2.25%.
GNE's trailing-12-month ROTC of 17.44% is 336.4% higher than the industry average of 4%. Its trailing-12-month asset turnover ratio of 1.45x is 568.4% higher than the industry average of 0.22x.
GNE's total revenue for the fiscal second quarter that ended March 31, 2024, stood at $90.70 billion. In addition, its adjusted EBITDA was reported at $12 million. Also, its non-GAAP net income attributable to GNE stood at $10.10 million and $0.37 per share.
GNE's shares have gained 4.7% over the past month and to close the last trading session at $16.07.
GNE has an overall B rating, equating to Buy in our proprietary rating system.
It has a B grade for Momentum, Value, and Quality. Within the Utilities - Domestic industry, it is ranked #2.
In addition to the POWR Ratings we've stated above, we also have GNE's ratings for Stability, Sentiment, and Growth. Get all GNE ratings <a href="https://stocknews.com/stock/GNE/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
<hr />
CPYYY shares were trading at $6.65 per share on Monday afternoon, up $0.23 (+3.58%). Year-to-date, CPYYY has declined -6.89%, versus a 13.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/cpyyy-bipc-gne-3-high-quality-utility-stocks-for-conservative-investors/>3 High-Quality Utility Stocks for Conservative Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Quality Utility Stocks for Conservative Investors

Shares of Constellation Energy (CEG) have surged over 72% year-to-date, significantly outperforming the broader market. In this article, we'll take a closer look at what powered the nuclear energy company's strong performance and assess whether it has the potential to shine brighter. Read on… Constellation Energy Corporation (<a href="https://stocknews.com/stock/CEG/">CEG</a>) has been on a remarkable run this year. The stock has surged 72.2% year-to-date, outpacing the broader market. As the largest owner of nuclear plants in the U.S., CEG is benefiting from a growing demand for clean energy solutions, particularly nuclear power.
The technology sector's increasing reliance on nuclear energy to meet the power demands of data centers, especially those supporting AI and advanced technologies, has further bolstered the company's prospects. To position itself for sustained growth, CEG has planned to invest approximately $5.1 billion over the 2024-2025 period to enhance its infrastructure and secure essential nuclear fuel.
In the second quarter ended June 30, 2024, CEG reported a modest year-over-year increase in operating revenues, reaching $5.47 billion. Its operating income grew 64.4% from the year-ago value to $1.10 billion, and its net income (on a non-GAAP basis) came in at $814 million, slightly below the $833 billion reported in the prior year's quarter.
The company reported adjusted operating earnings per share of $1.68, up 2.4% year-over-year. Moreover, its cash, restricted cash, and cash equivalents at the end of the period amounted to $383 billion, reflecting a 17.8% improvement from the same period last year.
Thanks to this strong financial momentum, the company raised its full-year adjusted (non-GAAP) earnings guidance to $7.60 to $8.40 per share from the previous guidance of $7.23 to $8.03 per share. Additionally, CEG accelerated its share buyback efforts, repurchasing another $500 million in shares during the second quarter, bringing the total to $1 billion for the year.
With this positive financial outlook, the stock has delivered an impressive gain of 83.1% over the past year, closing the last trading session at $201.23. Here's what could influence the performance of CEG in the upcoming months:
Mixed Analyst Estimates
Analysts expect CEG's EPS to increase 27.6% year-over-year to $2.54 for the third quarter ending September 2024. However, its revenue for the current quarter is expected to decrease by 38.8% year-over-year to $3.74 billion.
Similarly, for the fiscal year ending December 31, 2024, CEG's revenue is expected to decline 16.7% year-over-year to $20.77 billion. The company is estimated to post earnings per share of $7.97 in the current year, indicating a 49.3% improvement from the prior year period.
Stretched Valuation
In terms of forward non-GAAP P/E, CEG is trading at 25.24x, 42.7% higher than the industry average of 17.69x. Its forward EV/EBITDA and Price/Sales of 16.10x and 3.03x are 42.4% and 36.9% higher than the respective industry averages of 11.30x and 2.21x. Furthermore, the stock's forward Price/Book multiple of 5.15 compares with the industry average of 1.76.
Mixed Profitability
In terms of the trailing-12-month gross profit margin, CEG's 19.55% is 56.7% lower than the 45.10% industry average. Likewise, its trailing-12-month EBITDA margin of 23.27% is 36.4% below the industry average of 36.55%.
On the other hand, CEG's trailing-12-month asset turnover ratio of 0.48x is 121.7% higher compared to the industry average of 0.22x. Similarly, its 21.08% trailing-12-month <a href="https://www.investopedia.com/terms/r/returnonequity.asp">Return on Common Equity</a> is 119.4% more than the industry average of 9.61%. Furthermore, the stock's 8.80% trailing-12-month ROTC compares to the industry average of 4.03%.
POWR Ratings Exhibit Mixed Prospects
CEG's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CEG's stock is trading above its 50-day and 200-day moving averages of $189.15 and $172.37, respectively, justifying its B grade for Momentum. Yet, the stock received a C for Quality, corresponding with its mixed profit margins.
On the other hand, CEG has a D grade for Value, which is in sync with its stretched valuation.
CEG is ranked #32 out of 59 stocks in the <a href="https://stocknews.com/category/utilities-domestic/">Utilities – Domestic</a> industry. <a href="https://stocknews.com/stock/CEG/">Click here</a> to access CEG's Growth, Stability, and Sentiment ratings.
Bottom Line
The increasing demand for clean energy, driven by the expansion of AI-powered data centers, positions the company to capitalize on future growth. Its focus on securing power purchase agreements for these energy-intensive centers could further boost its stock performance.
However, after a strong first-half rally, CEG's stock trades at a premium compared to other utilities. While the company's growth prospects remain solid, its current valuation suggests limited upside potential. Thus, waiting for a better entry point into the stock could be beneficial for investors.
How Does Constellation Energy Corporation (CEG) Stack Up Against Its Peers?
While CEG has an overall grade of C, equating to a Neutral rating, you may check out these B (Buy) rated stocks within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities – Domestic</a> industry: Brookfield Infrastructure Corporation (<a href="https://stocknews.com/stock/BIPC/">BIPC</a>) and Genie Energy Ltd. (<a href="https://stocknews.com/stock/GNE/">GNE</a>). To explore more Utilities – Domestic stocks, <a href="https://stocknews.com/category/utilities-domestic/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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CEG shares were trading at $200.62 per share on Wednesday afternoon, down $0.61 (-0.30%). Year-to-date, CEG has gained 72.55%, versus a 19.33% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/ceg-bipc-gne-can-constellation-energy-shine-even-brighter-after-a-72-ytd/>Can Constellation Energy Shine Even Brighter After a 72% YTD Surge?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can Constellation Energy Shine Even Brighter After a 72% YTD Surge?

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