NYSE:GNRC

Generac (GNRC) Stock Forecast, Price & News

$117.32

+4.62 (+4.10%)

(As of 06/6/2023 ET)

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Today's Range: $112.00
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$118.60
50-Day Range: $93.04
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$118.28
52-Week Range: $86.29
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$299.85

Volume: 813,963 shs
Average Volume: 1.23 million shs
Market Capitalization: $7.30 billion

P/E Ratio: 29.93
Dividend Yield: N/A
Price Target: $171.77

Generac MarketRank™ Forecast

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 46.4% Upside
$171.77 Price Target
Short Interest: Bearish
7.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.45
Upright™ Environmental Score
News Sentiment: 0.32
Based on 8 Articles This Week
Insider Trading: Selling Shares
$1.60 M Sold Last Quarter
Proj. Earnings Growth: 29.77%
From $5.98 to $7.76 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Computer And Technology Sector

185th out of 606 stocks

Motors & Generators Industry

2nd out of 4 stocks

3.1

Analyst's Opinion

Consensus Rating
Generac has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 11 buy ratings, 9 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $171.77, Generac has a forecasted upside of 46.4% from its current price of $117.32.
Amount of Analyst Coverage
Generac has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
7.10% of the float of Generac has been sold short.
Short Interest Ratio / Days to Cover
Generac has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Generac has recently decreased by 4.41%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Generac does not currently pay a dividend.
Dividend Growth
Generac does not have a long track record of dividend growth.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Generac has received a -4.81% net impact score from Upright. The largest negative impact of Generac in category "GHG emissions" seems to be driven mostly by its "Diesel generators", "Hydraulic pumps", and "Portable generators" products. See details.
Environmental Sustainability
The Environmental Impact score for Generac is -2.45.

1.3

News and Social Media Coverage

News Sentiment
Generac has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Generac this week, compared to 9 articles on an average week.
Search Interest
Only 38 people have searched for GNRC on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Generac to their MarketBeat watchlist in the last 30 days. This is a decrease of -15% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Generac insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,598,800.00 in company stock.
Percentage Held by Insiders
Only 2.80% of the stock of Generac is held by insiders.
Percentage Held by Institutions
88.71% of the stock of Generac is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Generac are expected to grow by 29.77% in the coming year, from $5.98 to $7.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Generac is 29.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Generac is 29.93, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 320.98.
Price to Earnings Growth Ratio
Generac has a PEG Ratio of 1.92. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Generac has a P/B Ratio of 3.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Generac (NYSE:GNRC) Stock

Generac Holdings Inc. is a Fortune 1000 American manufacturer of power generation and energy storage solutions ranging from 800 watts to 9 megawatts for residential, light commercial and industrial markets. Robert Kern founded Generac Holdings in 1959, headquartered in Waukesha, Wisconsin.

Generac began producing portable generators in the 1970s for the Craftsman brand for Sears Roebuck and Co. Generac expanded its offerings during the 1970s to include the portable and recreational vehicle markets. Generac entered the commercial and industrial markets in the 1980s with its backup power generation systems. Generac introduced the first gaseous-fueled, automatically engaging home standby system for residential usage in 1989.

Generac has made several acquisitions, including Ottomotores, Tower Light, Pramac, Motortech, Selmec, Deep Sea and Off Grid Energy. Generac's domestic segment includes the legacy Generac business, and these acquisitions are based in the United States and Canada. The company's international segment consists of Generac's Latin American export operations.

Generac designs and manufactures portable, stationary and mobile generators that produce between 800 watts and 3,250 kilowatts from a single-engine output. Generac also offers industrial-grade mobile energy storage systems, batteries, electronic controls, engines, alternators, steel enclosures, and more.

In 2006, CCMP Capital of New York purchased Generac. In 2008, Aaron Jagdfeld was appointed president and chief executive officer. Generac Holdings Inc. began trading on the New York Stock Exchange under the ticker symbol GNRC on February 11, 2010. The initial public offering provided Generac with $224 million in proceeds.

Over the years, Generac has earned several honors and awards. It has received the Milwaukee Magazine's "Best Places to Work" award in southeastern Wisconsin. In 2010, Generac's industrial sizing application, Power Design Pro, received a "product of the year" award from Plant Engineering. Generac's Guardian Series home standby generator system has earned the Good Housekeeping Seal of Approval. Generac was honored with the Natural Gas Generator Company of the Year Award from Frost & Sullivan in 2014 for its natural gas generator.

Generac manufactures diesel-fueled, gasoline-fueled and bi-fuel power generation equipment. Generac also produces modular paralleling systems, automatic transfer switches and small engines for use in various other types of equipment. Generac introduced Generac Industrial Power in 2009, which included new enclosures, new engines and ergonomic and aesthetic changes to current systems. In 2009, Generac partnered with Fiat Powertrain Technologies to supply Generac with industrial diesel engines used in industrial generators and industrial power systems.

Generac's products are available through independent dealers, retailers and wholesalers. Generac Holdings Inc. is committed to innovation and quality and provides power generation and energy storage solutions for residential, light commercial and industrial markets. The company also sells aftermarket service parts and product accessories to dealers. It distributes its products through industrial distributors and dealers, independent residential dealers, e-commerce partners and national and regional retailers.

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GNRC Stock News Headlines

June 3, 2023 | americanbankingnews.com

Generac Holdings Inc. (NYSE:GNRC) CEO Aaron Jagdfeld Sells 5,000 Shares of Stock

June 2, 2023 | finance.yahoo.com

Why Is Generac Holdings (GNRC) Up 4.2% Since Last Earnings Report?

June 6, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.

June 1, 2023 | msn.com

Power Up Your Portfolio With Generac, Shares On Sale

May 30, 2023 | finance.yahoo.com

Generac Holdings (NYSE:GNRC) Could Be Struggling To Allocate Capital

May 25, 2023 | americanbankingnews.com

Brokerages Set Generac Holdings Inc. (NYSE:GNRC) PT at $184.24

May 22, 2023 | thestreet.com

Generac Holdlings Inc.

May 21, 2023 | americanbankingnews.com

Stifel Nicolaus Raises Generac (NYSE:GNRC) Price Target to $135.00

June 6, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

May 19, 2023 | finance.yahoo.com

Generac (GNRC) Unveils GP7500E Dual Fuel Portable Generator

May 18, 2023 | finance.yahoo.com

Generac Offers Fuel Flexibility with New Dual Fuel Portable Generator

May 17, 2023 | markets.businessinsider.com

Analyst Expectations for Generac Hldgs's Future

May 17, 2023 | msn.com

Stifel Maintains Generac Holdings (GNRC) Hold Recommendation

May 17, 2023 | finance.yahoo.com

IBERDROLA NOW USING GENERAC GRID SERVICES' CONCERTO™ TO SUPPORT GRID STABILITY

May 16, 2023 | finance.yahoo.com

Generac Named to Newsweek's 2023 List of America's Greatest Workplaces for Diversity

May 13, 2023 | americanbankingnews.com

Generac (NYSE:GNRC) Upgraded by StockNews.com to "Hold"

May 11, 2023 | finance.yahoo.com

Generac Expands Portable Generator Line with Largest Wattage Offering to Date

May 11, 2023 | seekingalpha.com

Generac Holdings: Recovering From Inventory Spike

May 10, 2023 | finance.yahoo.com

Generac Holdings (GNRC) Reports Q1 Earnings: What Key Metrics Have to Say

May 10, 2023 | msn.com

Stephens & Co. Reiterates Generac Holdings (GNRC) Overweight Recommendation

May 10, 2023 | finance.yahoo.com

Generac Encourages Homeowners to Prepare Early for Hurricane Season

May 10, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Generac Holdings Inc. Decreased by William Blair (NYSE:GNRC)

May 9, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for Generac Holdings Inc. (NYSE:GNRC) Lifted by KeyCorp

May 7, 2023 | americanbankingnews.com

StockNews.com Lowers Generac (NYSE:GNRC) to Sell

May 7, 2023 | americanbankingnews.com

Generac Holdings Inc. (NYSE:GNRC) to Post Q2 2023 Earnings of $1.34 Per Share, KeyCorp Forecasts

May 6, 2023 | americanbankingnews.com

Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells $510,800.00 in Stock

May 5, 2023 | americanbankingnews.com

Generac (NYSE:GNRC) Shares Gap Up After Better-Than-Expected Earnings

See More Headlines

GNRC Price History

30 days | 90 days | 365 days | Advanced Chart

GNRC Company Calendar

Last Earnings: 5/03/2023
Today: 6/06/2023
Next Earnings (Estimated): 8/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Motors & generators
Sub-Industry: Electrical Components & Equipment
Sector: Computer and Technology
Current Symbol: NYSE:GNRC
CUSIP: 36873610
CIK: 1474735
Web: www.generac.com
Phone: (262) 544-4811
Fax: 302-636-5454
Employees: 9,500
Year Founded: 1959

Price Target and Rating

Average Stock Price Forecast: $171.77
High Stock Price Forecast: $421.00
Low Stock Price Forecast: $75.00
Forecasted Upside/Downside: +47.8%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 24 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.92
Trailing P/E Ratio: 29.65
Forward P/E Ratio: 19.43
P/E Growth: 1.92
Net Income: $399.50 million
Net Margins: 6.91%
Pretax Margin: 8.92%
Return on Equity: 19.63%
Return on Assets: 8.69%

Debt

Debt-to-Equity Ratio: 0.65
Current Ratio: 2.40
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $4.56 billion
Price / Sales: 1.58
Cash Flow: $11.16 per share
Price / Cash Flow: 10.41
Book Value: $35.66 per share
Price / Book: 3.26

Miscellaneous

Outstanding Shares: 62,190,000
Free Float: 60,452,000
Market Cap: $7.23 billion
Optionable: Optionable
Beta: 1.15

Social Links

Key Executives

Aaron Paul Jagdfeld
Chairman, President & Chief Executive Officer

Tim Hearden
Executive VP-Global Operations & Service

York Anthony Ragen
Chief Financial & Accounting Officer

Patrick John Forsythe
Chief Technical Officer

Tim Dickson
Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GNRC Stock - Frequently Asked Questions

Should I buy or sell Generac stock right now?: 24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Generac in the last year. There are currently 4 sell ratings, 9 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GNRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNRC, but not buy additional shares or sell existing shares.
View GNRC analyst ratings or view top-rated stocks.
What is Generac's stock price forecast for 2023?: 24 Wall Street research analysts have issued 1 year price objectives for Generac's stock. Their GNRC share price forecasts range from $75.00 to $421.00. On average, they expect the company's share price to reach $171.77 in the next year. This suggests a possible upside of 46.4% from the stock's current price.
View analysts price targets for GNRC or view top-rated stocks among Wall Street analysts.
How have GNRC shares performed in 2023?: Generac's stock was trading at $100.66 at the beginning of 2023. Since then, GNRC stock has increased by 16.5% and is now trading at $117.30.
View the best growth stocks for 2023 here.
When is Generac's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our GNRC earnings forecast.
How were Generac's earnings last quarter?: Generac Holdings Inc. (NYSE:GNRC) posted its earnings results on Wednesday, May, 3rd. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The technology company had revenue of $887.90 million for the quarter, compared to the consensus estimate of $850.07 million. Generac had a net margin of 6.91% and a trailing twelve-month return on equity of 19.63%. The company's revenue was down 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS.
Read the conference call transcript.
What ETFs hold Generac's stock?: ETFs with the largest weight of Generac (NYSE:GNRC) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), Meet Kevin Pricing Power ETF (PP), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco S&P 500 GARP ETF (SPGP), Schwab Ariel ESG ETF (SAEF), Subversive Decarbonization ETF (DKRB) and Future Fund Active ETF (FFND).
What guidance has Generac issued on next quarter's earnings?: Generac issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.11 billion-$4.29 billion, compared to the consensus revenue estimate of $4.10 billion.
What is Aaron Jagdfeld's approval rating as Generac's CEO?: 214 employees have rated Generac Chief Executive Officer Aaron Jagdfeld on Glassdoor.com. Aaron Jagdfeld has an approval rating of 60% among the company's employees. This puts Aaron Jagdfeld in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Generac own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Generac investors own include NVIDIA (NVDA), PayPal (PYPL), Tesla (TSLA), Visa (V), Advanced Micro Devices (AMD), Alibaba Group (BABA), Salesforce (CRM), Cisco Systems (CSCO), DocuSign (DOCU) and Adobe (ADBE).
What is Generac's stock symbol?: Generac trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNRC."
Who are Generac's major shareholders?: Generac's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.82%), FMR LLC (4.09%), State Street Corp (4.02%), Brown Advisory Inc. (3.19%), Champlain Investment Partners LLC (3.05%) and Geode Capital Management LLC (2.11%). Insiders that own company stock include Aaron Jagdfeld, Erik Wilde, Patrick John Forsythe, Rajendra Kumar Kanuru, Robert D Dixon, Russell S Minick and York A Ragen.
View institutional ownership trends.
How do I buy shares of Generac?: Shares of GNRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Generac's stock price today?: One share of GNRC stock can currently be purchased for approximately $117.30.
How much money does Generac make?: Generac (NYSE:GNRC) has a market capitalization of $7.29 billion and generates $4.56 billion in revenue each year. The technology company earns $399.50 million in net income (profit) each year or $3.92 on an earnings per share basis.
How many employees does Generac have?: The company employs 9,500 workers across the globe.
Does Generac have any subsidiaries?: The following companies are subsidiares of Generac: CHP Holdings Inc., Captiva Energy Solutions Private Limited, Country Home Products Inc., ENBALA Power Networks, GPR Brasil Equipamentos Ltda, Generac Acquisition Corp., Generac Colombia S.A.S., Generac Global UK Limited, Generac Holdings Italy S.r.l., Generac Holdings UK Ltd, Generac Mexico S.A. de C.V., Generac Mobile Products LLC, Generac Mobile Products S.r.l, Generac Mobile Products UK Ltd., Generac Power Systems Inc., Generac do Brasil Ltda, MAC Holdings LLC, MAC Inc., Motortech Americas LLC, Motortech GmbH, Motortech Polska Sp. Z.o.o., Motortech Shanghai Co. Ltd., Neurio Technology ULC, Operadora Selmec S.A. de C.V., Ottomotores Nominees Ltd., Ottomotores S.A de C.V., PR Australia PTY Ltd, PR Industrial S.r.l., PR Middle East Fze, PR-NA Industries Inc., Pika Energy Inc., Powermate LLC, Pramac Asia PTE Ltd, Pramac Caribe Srl, Pramac Europe SAS, Pramac Fu Lee Foshan Power Equipment Ltd, Pramac GmbH, Pramac Iberica S.A.U., Pramac RUS Ltd, Pramac Racing Limited, Pramac Sp. Z.o.o., Pramac UK Limited, Route 22A & 1 Main LLC, SC Pramac Generators S.r.l., Selmec Equipos Industriales S.A. de C.V., Selmec Industrial Equipment, Services & Gestion France Sarl, Servicios Administrativos Selmec S.A. de C.V., Suzhou Generac Power Systems Co. Ltd, Tower Light, and Warehouse Development Group LLC.
Read More
How can I contact Generac?: Generac's mailing address is S45 W29290 HIGHWAY 59, WAUKESHA WI, 53189. The official website for the company is www.generac.com. The technology company can be reached via phone at (262) 544-4811, via email at investorrelations@generac.com, or via fax at 302-636-5454.

This page (NYSE:GNRC) was last updated on 6/6/2023 by MarketBeat.com Staff

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