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NYSE:GNRC

Generac (GNRC) Stock Forecast, Price & News

$108.31
-0.65 (-0.60%)
(As of 11:28 AM ET)
Compare
Today's Range
$107.27
▼
$109.14
50-Day Range
$103.22
▼
$153.70
52-Week Range
$86.29
▼
$186.70
Volume
222,891 shs
Average Volume
1.33 million shs
Market Capitalization
$6.74 billion
P/E Ratio
44.94
Dividend Yield
N/A
Price Target
$143.22
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Generac MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
33.2% Upside
$143.22 Price Target
Short Interest
Bearish
7.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.45
Upright™ Environmental Score
News Sentiment
0.50mentions of Generac in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$1.41 M Sold Last Quarter
Proj. Earnings Growth
35.12%
From $5.41 to $7.31 Per Share

Overall MarketRank™

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

2.72 out of 5 stars

Computer And Technology Sector

103rd out of 611 stocks

Motors & Generators Industry

2nd out of 4 stocks

See Top Rated MarketRank™ Stocks Here

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.


GNRC Price History

GNRC Stock News Headlines

October 2, 2023 | marketbeat.com
2 Seasonal Stocks to Warm Up Your Portfolio
With winter soon approaching comes the potential for for companies that can more inclement weather. Storms and blistery temperatures will drive the demand for
October 1, 2023 | americanbankingnews.com
Generac (NYSE:GNRC) PT Raised to $94.00 at Bank of America
October 2, 2023 | PressReach (Ad)
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
September 30, 2023 | msn.com
Generac: 5 Key Takeaways From Analyst Day
September 30, 2023 | americanbankingnews.com
Piper Sandler Increases Generac (NYSE:GNRC) Price Target to $155.00
September 30, 2023 | americanbankingnews.com
Generac's (GNRC) "Overweight" Rating Reiterated at Stephens
September 29, 2023 | markets.businessinsider.com
Analysts Conflicted on These Industrial Goods Names: Generac Holdings (GNRC), Avery Dennison (AVY) and Trane Technologies (TT)
September 29, 2023 | markets.businessinsider.com
Stephens Sticks to Their Buy Rating for Generac Holdings (GNRC)
October 2, 2023 | PressReach (Ad)
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
September 28, 2023 | benzinga.com
Piper Sandler Maintains Overweight Rating for Generac Hldgs: Here's What You Need To Know
September 28, 2023 | markets.businessinsider.com
Analysts Conflicted on These Industrial Goods Names: Stevanato Group (STVN) and Generac Holdings (GNRC)
September 28, 2023 | markets.businessinsider.com
Generac Holdings (GNRC) Receives a Hold from KeyBanc
September 27, 2023 | msn.com
Generac’s stock rises 7.4% on investor day outlook
September 25, 2023 | bizjournals.com
Generac opening 100-employee engineering center in Reno
September 25, 2023 | nasdaq.com
Do Options Traders Know Something About Generac (GNRC) Stock We Don't?
September 24, 2023 | americanbankingnews.com
Generac (NYSE:GNRC) PT Lowered to $135.00
September 23, 2023 | msn.com
Scotiabank Maintains Generac Holdings (GNRC) Sector Perform Recommendation
September 22, 2023 | americanbankingnews.com
Generac Holdings Inc. (NYSE:GNRC) Given Average Recommendation of "Hold" by Analysts
September 21, 2023 | finance.yahoo.com
Generac Opens New Engineering Center of Excellence in Nevada
September 20, 2023 | bizjournals.com
Generac to receive $6.5M in local incentives for new Beaver Dam plant
September 19, 2023 | benzinga.com
SHAREHOLDER ALERT: The Law Offices of Vincent Wong Investigate Generac Holdings Inc. (GNRC) for Potential Violations of Securities Laws
September 14, 2023 | msn.com
Hurricane Lee Picks Up Pace, On Track To Hit Northeastern US
September 14, 2023 | finance.yahoo.com
Generac (GNRC) Plans to Set Up a New Manufacturing Facility
September 13, 2023 | bizjournals.com
Generac to build plant in Beaver Dam that will employ hundreds of workers
September 13, 2023 | finance.yahoo.com
Generac Announces Proposed Plans for a New Manufacturing Facility in Beaver Dam, Wisconsin
September 13, 2023 | finance.yahoo.com
Generac Announces Webcast of Upcoming 2023 Investor Day
September 12, 2023 | finance.yahoo.com
Generac Urges Planning Ahead for Power Outages During National Preparedness Month
See More Headlines
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GNRC Company Calendar

Last Earnings
8/02/2023
Today
10/02/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
$143.22
High Stock Price Forecast
$189.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
20 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.41
Trailing P/E Ratio
45.21
Forward P/E Ratio
20.14
P/E Growth
2.01
Net Income
$399.50 million
Net Margins
4.64%
Pretax Margin
6.03%
Return on Equity
14.23%
Return on Assets
6.35%

Debt

Debt-to-Equity Ratio
0.63
Current Ratio
2.43
Quick Ratio
0.89

Sales & Book Value

Annual Sales
$4.56 billion
Price / Sales
1.49
Cash Flow
$11.02 per share
Price / Cash Flow
9.89
Book Value
$35.66 per share
Price / Book
3.06

Miscellaneous

Outstanding Shares
62,240,000
Free Float
60,500,000
Market Cap
$6.78 billion
Optionable
Optionable
Beta
1.28

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Key Executives

  • Mr. Aaron P. JagdfeldMr. Aaron P. Jagdfeld (Age 51)
    Chairman, Pres & CEO
    Comp: $1.06M
  • Mr. York A. RagenMr. York A. Ragen (Age 52)
    CFO & Chief Accounting Officer
    Comp: $527.82k
  • Mr. Patrick John ForsytheMr. Patrick John Forsythe (Age 55)
    Chief Technical Officer
    Comp: $436.38k
  • Mr. Erik WildeMr. Erik Wilde (Age 48)
    Exec. VP of Industrial Americas
    Comp: $533.5k
  • Mr. Norman P. Taffe (Age 57)
    Pres of Energy Technology
    Comp: $426.38k
  • Mr. Tim Dickson
    Chief Information Officer
  • Mr. Michael W. Harris CPA
    VP of Corp. Devel. & Investor Relations
  • Mr. Rajendra Kumar Kanuru (Age 52)
    Exec. VP, Gen. Counsel & Sec.
  • Ms. Amanda Teder
    Exec. VP of Marketing
  • Ms. Rhonda Matschke
    Exec. VP of HR

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?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Generac in the last year. There are currently 3 sell ratings, 6 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?

20 brokerages have issued 1-year price targets for Generac's stock. Their GNRC share price forecasts range from $75.00 to $189.00. On average, they anticipate the company's stock price to reach $143.22 in the next year. This suggests a possible upside of 31.4% 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 on January 1st, 2023. Since then, GNRC shares have increased by 8.2% and is now trading at $108.96.
View the best growth stocks for 2023 here.

Are investors shorting Generac?

Generac saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,270,000 shares, an increase of 9.5% from the August 15th total of 3,900,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 2.7 days. Approximately 7.0% of the shares of the stock are short sold.
View Generac's Short Interest.

When is Generac's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our GNRC earnings forecast.

How were Generac's earnings last quarter?

Generac Holdings Inc. (NYSE:GNRC) announced its quarterly earnings data on Wednesday, August, 2nd. The technology company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.08. The technology company earned $1,000 million during the quarter, compared to analyst estimates of $979.51 million. Generac had a net margin of 4.64% and a trailing twelve-month return on equity of 14.23%. The business's revenue for the quarter was down 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.99 earnings per share.
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 Subversive Decarbonization ETF (DKRB), ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Intelligent Structures ETF (SIMS), SPDR Kensho Clean Power ETF (CNRG), Meet Kevin Pricing Power ETF (PP), Alpha Dog ETF (RUFF), Procure Disaster Recovery Strategy ETF (FIXT) and Procure Disaster Recovery Strategy ETF (FEMA).

What guidance has Generac issued on next quarter's earnings?

Generac issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.02 billion-$4.11 billion, compared to the consensus revenue estimate of $4.12 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."

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 $108.96.

How much money does Generac make?

Generac (NYSE:GNRC) has a market capitalization of $6.78 billion and generates $4.56 billion in revenue each year. The technology company earns $399.50 million in net income (profit) each year or $2.41 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 10/2/2023 by MarketBeat.com Staff

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