Genie Energy Ltd.
Retail supplier of electricity and natural gas to residential and small business customers in deregulated US markets, also developing solar energy, energy procurement advisory and plastic pallet recycling businesses.
From the annual report
Genie Energy Ltd. is end-to-end provider of energy services. We manage our business and report results through two reporting segments. Genie Retail Energy ( GRE ) supplies electricity and natural gas to residential and small business customers through retail energy providers ("REPs") operating in certain deregulated markets within the United States; and Genie Renewables ("GREW") is primarily comprised of the following three lines of businesses: o Genie Solar an integrated solar energy company; o CityCom Solar ( CityCom ) a marketer of community solar and alternative products and services complementary to our energy offerings; o Diversegy LLC ( Diversegy ) an energy procurement advisor for industrial, commercial and municipal customers; and o Roded Recycling Industries ("Roded") a producer of high-grade plastic pallets from recycled materials. REPORTABLE SEGMENTS We have two reportable business segments: GRE and GREW. Our reportable segments are distinguished by types of service, customers and customer geography. Financial information by segment and geographic areas is presented in " Note 20 Business Segment and Geographic Information " in the Notes to our Consolidated Financial Statements in this Annual Report. The Company owns 100% of Genie Retail Energy, Inc. and 95.5% of Genie Energy Services, LLC ( GES ). GES holds our interest in the entities comprising the GREW segment. In the third quarter of 2022, the Company ceased to operate a former segment, GRE International ( GREI ).
Run a full DCF model with Monte Carlo simulation.