Genie Energy posts strong Q4 results, highlights valuation

Genie Energy reported its fourth-quarter results, showing positive financial performance. The company achieved an Adjusted EBITDA of $48.5 million for the fiscal year 2024. This figure was close to the higher end of what the management had expected. The company also generated strong free cash flow. They ended the quarter with a solid amount of net cash. Investors are focusing on how Genie Energy will allocate its capital moving forward. Despite its strong performance, analysts emphasize caution regarding future investments. They highlight that past results do not guarantee similar outcomes in the future.