Genie Energy Ltd.
) 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
Genie Energy currently has a Zacks Rank #3 (Hold) and its
Investors interested in the utility and power industry may consider
better-ranked stocks like
Brookfield Infrastructure Partners L.P.
Black Hills Corporation
). All these stocks carry a Zacks Rank #2 (Buy).
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