Generac - GNRC Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Generac in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GNRC shares.
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24 equities research analysts have issued twelve-month price objectives for Generac's stock. Their GNRC share price forecasts range from $75.00 to $556.00. On average, they predict the company's share price to reach $274.73 in the next year. This suggests a possible upside of 172.9% from the stock's current price.
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Generac's stock was trading at $351.92 on January 1st, 2022. Since then, GNRC shares have decreased by 71.4% and is now trading at $100.66.
View the best growth stocks for 2022 here.

Generac saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 5,440,000 shares, an increase of 12.6% from the October 31st total of 4,830,000 shares. Based on an average trading volume of 2,080,000 shares, the short-interest ratio is presently 2.6 days. Approximately 8.7% of the shares of the stock are sold short.
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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) posted its quarterly earnings results on Wednesday, November, 2nd. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.13. The technology company earned $1.09 billion during the quarter, compared to analysts' expectations 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 EPS 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.97%), Price T Rowe Associates Inc. MD (5.23%), State Street Corp (3.88%), Artisan Partners Limited Partnership (1.56%), Impax Asset Management Group plc (1.37%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Aaron Jagdfeld, Erik Wilde, Patrick John Forsythe, Rajendra Kumar Kanuru, 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 $100.66.

Generac (NYSE:GNRC) has a market capitalization of $6.38 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.