Generac - GNRC Stock Forecast, Price & News

24 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 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GNRC shares.
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24 Wall Street research analysts have issued 1-year price objectives for Generac's shares. Their GNRC share price forecasts range from $75.00 to $556.00. On average, they expect the company's stock price to reach $226.05 in the next year. This suggests a possible upside of 84.6% from the stock's current price.
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Generac's stock was trading at $100.66 at the start of the year. Since then, GNRC stock has increased by 21.6% and is now trading at $122.44.
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Generac saw a increase in short interest during the month of 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 daily volume of 2,280,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 9.7% of the shares of the stock are short sold.
View Generac's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Generac will be holding an earnings conference call on Wednesday, February 15th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Generac Holdings Inc. (NYSE:GNRC) issued its quarterly earnings results on Tuesday, November, 2nd. The technology company reported $2.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.39 by $0.04. The technology company had revenue of $942.70 million for the quarter, compared to analyst estimates of $961.13 million. Generac had a net margin of 10.29% and a trailing twelve-month return on equity of 26.03%. The firm's quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.08 earnings per share.
Read the conference call transcript.

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 investors include Scout Investments Inc. (0.78%), DekaBank Deutsche Girozentrale (0.48%), Zurcher Kantonalbank Zurich Cantonalbank (0.43%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Allspring Global Investments Holdings LLC (0.27%) and Simplex Trading LLC (0.00%). 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 $122.44.

Generac (NYSE:GNRC) has a market capitalization of $7.76 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.