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NYSE:GNRC

Generac - GNRC Stock Forecast, Price & News

$256.01
-13.61 (-5.05%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$253.57
$266.31
50-Day Range
$208.60
$280.52
52-Week Range
$197.94
$524.31
Volume
1.03 million shs
Average Volume
964,631 shs
Market Capitalization
$16.34 billion
P/E Ratio
33.03
Dividend Yield
N/A
Price Target
$406.85

Generac MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
58.9% Upside
$406.85 Price Target
Short Interest
Bearish
8.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.45
Upright™ Environmental Score
News Sentiment
0.31mentions of Generac in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.39 M Sold Last Quarter
Proj. Earnings Growth
17.62%
From $11.86 to $13.95 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Computer And Technology Sector

128th out of 653 stocks

Motors & Generators Industry

1st out of 5 stocks

GNRC stock logo

About Generac (NYSE:GNRC) Stock

Generac Holdings Inc. designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components. It also provides residential automatic standby generators ranging in output from 7.5kW to 150kW; air-cooled engine residential standby generators ranging from 7.5kW to 26kW; liquid-cooled engine generators with outputs ranging from 22kW to 150kW; and Mobile Link, a remote monitoring system for home standby generators. In addition, the company offers various portable generators ranging in size from 800W to 17.5kW; outdoor power equipment, such as trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, pressure washers, and water pumps; and clean energy solution under the PWRcell and PWRview brands. Further, it provides light towers, mobile generators, and mobile energy storage systems; commercial mobile pumps and dust-suppression equipment; various gaseous-engine control systems and accessories; light-commercial standby generators ranging from 22kW to 150kW and related transfer switches providing three-phase power for small and mid-sized businesses; and industrial generators ranging in output from 10kW to 3,250kW used as emergency backup for healthcare, telecom, datacom, commercial office, retail, municipal, and manufacturing markets. Additionally, the company sells aftermarket service parts and product accessories to dealers. It distributes its products through independent residential dealers, industrial distributors and dealers, national and regional retailers, e-commerce partners, electrical, HVAC and solar wholesalers, catalogs, equipment rental companies and distributors, and solar installers; and directly to end users. The company was founded in 1959 and is headquartered in Waukesha, Wisconsin.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Generac in a report on Wednesday, May 25th. They issued an "outperform" rating and a $370.00 target price for the company. Robert W. Baird raised their target price on shares of Generac from $250.00 to $275.00 in a report on Thursday, August 4th. Credit Suisse Group reduced their price target on shares of Generac to $394.00 in a research note on Tuesday, August 9th. KeyCorp reduced their price target on shares of Generac from $350.00 to $325.00 and set an "overweight" rating on the stock in a research note on Thursday, July 21st. Finally, Guggenheim reduced their price target on shares of Generac from $561.00 to $455.00 and set a "buy" rating on the stock in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $414.86.

Generac Stock Down 5.2 %

Shares of Generac stock traded down $14.13 on Friday, reaching $255.49. The stock had a trading volume of 25,288 shares, compared to its average volume of 923,170. The company has a 50 day moving average price of $237.85 and a 200 day moving average price of $261.74. The company has a quick ratio of 1.07, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. Generac has a 1 year low of $197.94 and a 1 year high of $524.31. The stock has a market capitalization of $16.31 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.15 and a beta of 1.28.

Generac (NYSE:GNRC - Get Rating) last released its earnings results on Wednesday, August 3rd. The technology company reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.34. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.26 billion. Generac had a net margin of 12.28% and a return on equity of 29.42%. Generac's revenue for the quarter was up 40.3% on a year-over-year basis. During the same period last year, the business earned $2.39 EPS. As a group, equities research analysts forecast that Generac will post 11.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $264.96, for a total value of $1,324,800.00. Following the completion of the sale, the chief executive officer now directly owns 610,975 shares in the company, valued at approximately $161,883,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is owned by company insiders.

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GNRC Stock News Headlines

7 Best Solar Batteries of 2022 - MarketWatch
Generac (NYSE:GNRC) Price Target Cut to $394.00
Expert Ratings for Generac Holdings
Contrasting 374Water (NASDAQ:SCWO) and Generac (NYSE:GNRC)
Generac (NYSE:GNRC) PT Raised to $275.00 at Robert W. Baird
Generac Holdings Q2 Earnings Top Estimates
See More Headlines
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GNRC Company Calendar

Last Earnings
8/03/2022
Today
8/19/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Motors & generators
Sub-Industry
Electrical Components & Equipment
CUSIP
36873610
Employees
9,540
Year Founded
1959

Price Target and Rating

Average Stock Price Forecast
$406.85
High Stock Price Forecast
$556.00
Low Stock Price Forecast
$275.00
Forecasted Upside/Downside
+58.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
21 Analysts

Profitability

Net Income
$533.39 million
Pretax Margin
15.35%

Debt

Sales & Book Value

Annual Sales
$3.74 billion
Cash Flow
$11.33 per share
Book Value
$37.91 per share

Miscellaneous

Free Float
62,044,000
Market Cap
$16.34 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Mr. Aaron P. JagdfeldMr. Aaron P. Jagdfeld (Age 50)
    Chairman, Pres & CEO
    Comp: $2.52M
  • Mr. York A. RagenMr. York A. Ragen (Age 51)
    CFO & Chief Accounting Officer
    Comp: $938.04k
  • Mr. Patrick John ForsytheMr. Patrick John Forsythe (Age 54)
    Chief Technical Officer
    Comp: $750.78k
  • Mr. Erik WildeMr. Erik Wilde (Age 47)
    Exec. VP of Industrial Americas
    Comp: $718.09k
  • Mr. Thomas F. Pettit (Age 53)
    Chief Operations Officer
  • Mr. Tim Dickson
    Chief Information Officer
  • Mr. Michael W. Harris CPA
    VP of Corp. Devel. & Investor Relations
  • Mr. Rajendra Kumar Kanuru (Age 51)
    Exec. VP, Gen. Counsel & Sec.
  • Ms. Rhonda Matschke
    Exec. VP of HR
  • Mr. Roger F. Pascavis (Age 62)
    Exec. VP of Strategic Global Sourcing













GNRC Stock - Frequently Asked Questions

Should I buy or sell Generac stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Generac in the last year. There are currently 1 sell rating, 1 hold rating and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GNRC shares.
View GNRC analyst ratings
or view top-rated stocks.

What is Generac's stock price forecast for 2022?

21 brokers have issued 12-month target prices for Generac's shares. Their GNRC share price forecasts range from $275.00 to $556.00. On average, they expect the company's share price to reach $406.85 in the next year. This suggests a possible upside of 58.9% 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 2022?

Generac's stock was trading at $351.92 at the start of the year. Since then, GNRC shares have decreased by 27.3% and is now trading at $256.01.
View the best growth stocks for 2022 here
.

Are investors shorting Generac?

Generac saw a increase in short interest in June. As of June 30th, there was short interest totaling 5,490,000 shares, an increase of 22.8% from the June 15th total of 4,470,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 8.7% of the company's stock are sold short.
View Generac's Short Interest
.

When is Generac's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our GNRC earnings forecast
.

How were Generac's earnings last quarter?

Generac Holdings Inc. (NYSE:GNRC) released its earnings results on Wednesday, August, 3rd. The technology company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.34. The technology company earned $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. Generac had a trailing twelve-month return on equity of 29.42% and a net margin of 12.28%. Generac's revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.39 earnings per share.
Read the conference call transcript
.

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

Generac updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.08 billion-$5.23 billion, compared to the consensus revenue estimate of $5.17 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 variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.32%), State Street Corp (3.86%), Artisan Partners Limited Partnership (2.65%), FMR LLC (2.53%), Champlain Investment Partners LLC (2.03%) and JPMorgan Chase & Co. (2.00%). Insiders that own company stock include Aaron Jagdfeld, Erik Wilde, Patrick John Forsythe, Rajendra Kumar Kanuru, 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 $256.01.

How much money does Generac make?

Generac (NYSE:GNRC) has a market capitalization of $16.34 billion and generates $3.74 billion in revenue each year. The technology company earns $533.39 million in net income (profit) each year or $7.75 on an earnings per share basis.

How many employees does Generac have?

The company employs 9,540 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
When was Generac founded?

Generac was founded in 1959.

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 8/19/2022 by MarketBeat.com Staff

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