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OFFON

GENIE ENERGY LTD.

(GNE)
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Hanhwa Q Cells Japan Co., Ltd. completed the acquisition of Genie Japan, LLC from Genie Energy Ltd..

05/10/2021 EDT

Hanhwa Q Cells Japan Co., Ltd. entered into an agreement to acquire Genie Japan, LLC from Genie Energy Ltd. (NYSE:GNE) for ¥570 million on April 26, 2021. The transaction is expected to close between May 11, 2021 and June 1, 2021. Hanhwa Q Cells Japan Co., Ltd. completed the acquisition of Genie Japan, LLC from Genie Energy Ltd. (NYSE:GNE) on May 10, 2021. Hanhwa Q Cells Japan paid ¥570 million and assumed the obligation to repay Genie Japan’s existing credit facility in an amount of approximately ¥150 million.


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Financials (USD)
Sales 2020 379 M - -
Net income 2020 13,2 M - -
Net cash 2020 36,2 M - -
P/E ratio 2020 16,4x
Yield 2020 3,54%
Capitalization 171 M 171 M -
EV / Sales 2019 0,58x
EV / Sales 2020 0,40x
Nbr of Employees 202
Free-Float 74,0%
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Managers and Directors
Michael Menachem Stein Chief Executive Officer
Avi Goldin CFO, Treasurer & Principal Accounting Officer
Howard S. Jonas Chairman
William Wesley Perry Lead Independent Director
Allan Sass Independent Outside Director
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