Genie Energy Ltd. (NYSE: GNE)

Genie Energy Ltd. is an end-to-end provider of energy services operating in the United States. The company manages its business through two reporting segments: Genie Retail Energy (GRE) and Genie Renewables (GREW). GRE supplies electricity and natural gas to residential and small business customers through retail energy providers in deregulated markets. GREW focuses on renewable energy solutions including solar development, community solar marketing, and energy procurement advisory services.

The company generates revenue primarily through the sale of electricity and natural gas to customers in deregulated retail energy markets. GRE purchases electricity and natural gas on wholesale markets and resells these commodities to end-users. GREW generates revenue from the development, construction, and operation of utility-scale solar projects, community solar customer acquisition, and energy procurement advisory services for industrial, commercial, and municipal customers.

The company operates through the following segments: Genie Retail Energy and Genie Renewables.

• Genie Retail Energy supplies electricity and natural gas to residential and small business customers through retail energy providers operating in deregulated markets across the United States. The segment acquires customers through various channels and resells energy purchased from wholesale markets.

• Genie Renewables is primarily comprised of Genie Solar, which develops constructs and operates utility-scale solar energy projects; CityCom Solar, which markets community solar and complementary products; and Diversegy, which provides energy procurement and advisory services to industrial, commercial, and municipal customers.

Genie Energy Ltd. operates in competitive retail energy and renewable energy markets. In the retail energy space, the company competes with local utilities and other licensed retail energy providers. In renewables, it faces competition from other solar developers, community solar operators, and energy procurement advisors. The company differentiates itself through its integrated approach to energy services and its presence in multiple deregulated markets.

The company serves residential and small business customers through its Genie Retail Energy segment. Its Genie Renewables segment serves industrial, commercial, and municipal customers seeking energy procurement advice, as well as residential and commercial customers interested in community solar and solar energy solutions. Specific customer names are not disclosed in the filing.