Genie Energy (GNE) Jumps: Stock Rises 10.3% - Tale of the Tape

By Zacks Equity Research,

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Genie Energy Ltd. ( GNE ) was a big mover last session, as the company saw its shares rise by over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up more than 30% in the past one-month time frame.

In the past 30 days, the company has seen one positive estimate revision and its Zacks Consensus Estimate moved higher, suggesting more solid trading down the road. So make sure to keep an eye on this stock, going forward, to see if this recent movement is sustainable.

Genie Energy currently has a Zacks Rank #3 (Hold) and its Earnings ESP is 0.00%.

Investors interested in the utility and power industry may consider better-ranked stocks like Brookfield Infrastructure Partners L.P. ( BIP ), Black Hills Corporation ( BKH ) and Edison International ( EIX ). All these stocks carry a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: BIP , BKH , EIX , GNE

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