Gexa - Corp [top]

Gexa Corp is a leading provider of innovative energy solutions, dedicated to empowering customers to take control of their energy usage and costs. With a strong commitment to customer satisfaction and a passion for delivering exceptional service, Gexa Corp has established itself as a trusted partner in the energy industry.

| Metric | Value | Commentary | |--------|-------|-------------| | Revenue | $1.8B | +12% YoY, driven by device subscriptions. | | Gross Margin | 18.5% | Up from 14% (2023) – VPP services are high-margin. | | Adjusted EBITDA | $220M | Includes $45M from grid service sales. | | Customer Count | 1.2M | Net adds: 150k (2025). | | Churn | 18% annual | Improved from 24% after fixing price plans. | | Debt/EBITDA | 2.1x | Manageable, but rising interest costs a risk. | gexa corp

Gexa Corp offers a wide range of energy services, including: Gexa Corp is a leading provider of innovative

If you're looking for a reliable, innovative, and customer-focused energy partner, look no further than Gexa Corp. Contact us today to learn more about our services and how we can help you achieve your energy goals. | | Gross Margin | 18

In 2005, a major turning point occurred when FPL Group (now ) acquired Gexa Corp in a deal valued at approximately $80.6 million. This acquisition integrated Gexa into the broader NextEra portfolio, allowing it to leverage massive clean energy infrastructure while maintaining its local Texas presence. 100% Renewable Energy Commitment

Gexa Corp trades at – a discount to pure VPP plays but a premium to legacy retailers.

Accumulate on pullbacks below 8.5x EBITDA. Watch for device attach rate (>35% of customers) as the key operational metric.