Generac - GNRC Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Generac in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GNRC shares.
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24 brokerages have issued 12 month target prices for Generac's shares. Their GNRC share price forecasts range from $75.00 to $556.00. On average, they predict the company's share price to reach $226.33 in the next year. This suggests a possible upside of 92.3% from the stock's current price.
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Generac's stock was trading at $100.66 on January 1st, 2023. Since then, GNRC stock has increased by 16.9% and is now trading at $117.70.
View the best growth stocks for 2023 here.

Generac saw a increase in short interest in December. As of December 30th, there was short interest totaling 6,050,000 shares, an increase of 9.8% from the December 15th total of 5,510,000 shares. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is currently 2.7 days. Approximately 9.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Generac Holdings Inc. (NYSE:GNRC) released its quarterly earnings data on Wednesday, November, 2nd. The technology company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.13. The technology company earned $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a net margin of 10.29% and a trailing twelve-month return on equity of 26.03%.
Read the conference call transcript.

Generac updated its third quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $1.75-$1.75 for the period, compared to the consensus earnings per share estimate of $3.21. The company issued revenue guidance of $1.09 billion-$1.09 billion, compared to the consensus revenue estimate of $1.33 billion.

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.

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).

Generac trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNRC."

Generac's stock is owned by a number of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.78%), Allspring Global Investments Holdings LLC (0.27%), Mountain Pacific Investment Advisers Inc. ID (0.21%), Calamos Advisors LLC (0.11%), New York State Teachers Retirement System (0.09%) and LaFleur & Godfrey LLC (0.08%). 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.
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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.
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One share of GNRC stock can currently be purchased for approximately $117.70.

Generac (NYSE:GNRC) has a market capitalization of $7.46 billion and generates $3.74 billion in revenue each year. The technology company earns $533.39 million in net income (profit) each year or $6.65 on an earnings per share basis.

The company employs 9,540 workers across the globe.

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.