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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Will NIO Partake In China's Economic Awakening?
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Tax Software Specialist Vertex In Buy Zone After Base Breakout
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Will NIO Partake In China's Economic Awakening?
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Tax Software Specialist Vertex In Buy Zone After Base Breakout
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
Laser breakthrough could send stock soaring 2,467% (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Will NIO Partake In China's Economic Awakening?
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Tax Software Specialist Vertex In Buy Zone After Base Breakout
NYSE:GNRC

Generac (GNRC) Stock Forecast, Price & News

$116.76
-0.01 (-0.01%)
(As of 06/9/2023 ET)
Compare
Today's Range
$116.11
$118.82
50-Day Range
$93.04
$118.28
52-Week Range
$86.29
$282.62
Volume
553,876 shs
Average Volume
1.21 million shs
Market Capitalization
$7.26 billion
P/E Ratio
29.79
Dividend Yield
N/A
Price Target
$171.77

Generac MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
47.1% 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
0.73mentions of Generac in the last 14 days
Based on 5 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.

2.36 out of 5 stars

Computer And Technology Sector

142nd out of 600 stocks

Motors & Generators Industry

2nd out of 4 stocks


GNRC stock logo

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

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Generac Holdlings Inc.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Analyst Expectations for Generac Hldgs's Future
Generac (NYSE:GNRC) Upgraded by StockNews.com to "Hold"
Generac Holdings: Recovering From Inventory Spike
StockNews.com Lowers Generac (NYSE:GNRC) to Sell
See More Headlines

GNRC Price History

GNRC Company Calendar

Last Earnings
5/03/2023
Today
6/09/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motors & generators
Sub-Industry
Electrical Components & Equipment
CUSIP
36873610
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
+47.1%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
24 Analysts

Profitability

Net Income
$399.50 million
Pretax Margin
8.92%

Debt

Sales & Book Value

Annual Sales
$4.56 billion
Cash Flow
$10.88 per share
Book Value
$35.66 per share

Miscellaneous

Free Float
60,452,000
Market Cap
$7.26 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 ForsythePatrick John Forsythe
    Chief Technical Officer
  • Tim Dickson
    Chief Information Officer













GNRC Stock - Frequently Asked Questions

Should I buy or sell Generac stock right now?

24 Wall Street research 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 research 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 equities research analysts have issued 12-month 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 stock price to reach $171.77 in the next twelve months. This suggests a possible upside of 47.1% 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 the year. Since then, GNRC stock has increased by 16.0% and is now trading at $116.76.
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) issued its earnings results on Wednesday, May, 3rd. The technology company reported $0.63 earnings per share (EPS) 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 trailing twelve-month return on equity of 19.63% and a net margin of 6.91%. The business's revenue was down 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS.
Read the conference call transcript
.

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 EPS 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 a number of retail and institutional investors. Top institutional investors 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 $116.76.

How much money does Generac make?

Generac (NYSE:GNRC) has a market capitalization of $7.26 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 6/10/2023 by MarketBeat.com Staff

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