Generac - GNRC Stock Forecast, Price & News

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.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. OTR Global cut Generac from a "mixed" rating to a "negative" rating in a research note on Friday, July 22nd. Northland Securities assumed coverage on Generac in a report on Wednesday, May 25th. They set an "outperform" rating and a $370.00 price target on the stock. Robert W. Baird raised their target price on Generac from $250.00 to $275.00 in a research report on Thursday, August 4th. Roth Capital reduced their price target on Generac from $555.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, May 24th. Finally, Wells Fargo & Company began coverage on Generac in a research report on Wednesday, June 29th. They issued an "overweight" rating and a $285.00 price target for the company. One 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $414.86.

Generac Trading Down 3.1 %

Shares of Generac stock traded down $7.86 during mid-day trading on Tuesday, hitting $244.20. The stock had a trading volume of 713,006 shares, compared to its average volume of 969,224. The firm has a 50-day moving average of $238.96 and a two-hundred day moving average of $261.91. Generac has a 12-month low of $197.94 and a 12-month high of $524.31. The company has a quick ratio of 1.07, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. The firm has a market cap of $15.59 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28.

Generac (NYSE:GNRC - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The technology company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.65 by $0.34. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. Generac had a net margin of 12.28% and a return on equity of 29.42%. The business's revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.39 EPS. Sell-side analysts forecast that Generac will post 11.86 earnings per share for the current year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 610,975 shares of the company's stock, valued at approximately $161,883,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company's stock.