Published on 18 Mar 2024 on Simply Wall St. via Yahoo Finance
The last three months have been tough on Genie Energy Ltd. (NYSE:GNE) shareholders, who have seen the share price decline a rather worrying 43%. But that doesn't undermine the rather lovely longer-term return, if you measure over the last three years. The share price marched upwards over that time, and is now 144% higher than it was. After a run like that some may not be surprised to see prices moderate. The fundamental business performance will ultimately dictate whether the top is in, or if this is a stellar buying opportunity.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
See our latest analysis for Genie Energy