600,874 Shares in Generac Holdings Inc. $GNRC Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 600,874 Generac shares in the second quarter, valued at approximately $175.9 million, giving it a 1.02% stake. Institutional investors collectively own 84.04% of the company.
• Generac expects about $2.4 billion in generator deliveries to Amazon during 2027–2028, while the broader relationship could reach $8 billion through 2033. Amazon also received warrants to buy up to roughly $340 million of Generac stock, though customer concentration, execution, margin pressure and potential dilution remain risks.
• Generac reported quarterly EPS of $2.91, exceeding the $2.01 consensus estimate, while revenue rose 10.3% year over year to $1.17 billion. Analysts maintain a consensus “Moderate Buy” rating with a $295.50 price target.

Bank of America Corp DE bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 600,874 shares of the technology company's stock, valued at approximately $175,942,000. Bank of America Corp DE owned 1.02% of Generac at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Bcwm LLC bought a new position in shares of Generac during the 2nd quarter valued at about $7,034,000. Freestone Grove Partners LP purchased a new stake in shares of Generac in the second quarter worth about $11,870,000. Man Group plc purchased a new stake in shares of Generac in the second quarter worth about $15,432,000. First Bancorp Inc ME bought a new position in Generac during the second quarter valued at approximately $113,000. Finally, Roberts Glore & Co. Inc. IL bought a new position in Generac during the second quarter valued at approximately $218,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac News Roundup

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Generac expects approximately $2.4 billion in initial generator deliveries to Amazon during 2027 and 2028. The near-term order provides significant revenue visibility and could represent roughly $1.2 billion of annual sales against Generac’s approximately $4.2 billion revenue base. Reuters article
• Positive Sentiment: The broader commercial relationship could reach as much as $8 billion through 2033, potentially transforming Generac from a primarily residential, storm-sensitive business into a more predictable enterprise power supplier. MarketBeat Generac article
• Positive Sentiment: Amazon also received warrants to purchase up to approximately $340 million of Generac stock, aligning Amazon’s interests with the supplier relationship. Analysts interpreted the contract as a potential earnings catalyst and raised price targets, including Canaccord’s increase to $375 and Stephens’ target of $335. CNBC article
• Neutral Sentiment: The warrants cover about 1.69 million shares, or roughly 2.9% of Generac’s share count, with vesting tied to Amazon’s cumulative purchases. This limits immediate dilution but could increase the share count as deliveries progress.
• Negative Sentiment: Investors should monitor customer concentration, execution and margin risks. Scaling multi-megawatt generator production could require substantial working capital, while Amazon’s purchasing power may pressure pricing. Delays, supply-chain costs or weaker-than-expected follow-on orders could reduce the deal’s earnings benefit.

Analysts Set New Price Targets

A number of brokerages have commented on GNRC. Stephens reissued an "overweight" rating and issued a $335.00 price objective on shares of Generac in a research note on Thursday. Citigroup boosted their price target on shares of Generac from $263.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Jefferies Financial Group restated a "buy" rating on shares of Generac in a research note on Thursday. Cantor Fitzgerald reissued an "overweight" rating and issued a $333.00 price objective on shares of Generac in a research report on Wednesday. Finally, Zacks Research raised Generac from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and a consensus price target of $295.50.

Generac Stock Performance

Shares of NYSE:GNRC opened at $208.00 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The business's 50 day moving average price is $203.07 and its 200-day moving average price is $226.58. The firm has a market capitalization of $12.27 billion, a PE ratio of 47.93, a P/E/G ratio of 1.49 and a beta of 1.91. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. As a group, equities research analysts expect that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Insider Activity

In other Generac news, insider Kyle Raabe sold 586 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the sale, the insider owned 10,746 shares in the company, valued at approximately $2,292,659.10. This represents a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total value of $911,050.00. Following the transaction, the chief executive officer owned 549,528 shares in the company, valued at approximately $100,129,496.88. This represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,086 shares of company stock worth $2,347,160 over the last three months. Insiders own 2.40% of the company's stock.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation and energy management products. Its portfolio includes residential standby generators, portable generators, commercial and industrial generator systems, and related transfer switches, controls and monitoring technologies.

The company also offers clean energy and electrification solutions, including battery energy storage systems, solar-related products, electric vehicle chargers and load-management technologies.

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