Generac - GNRC Stock Forecast, Price & News

21 Wall Street 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 analysts is that investors should "buy" GNRC shares.
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21 brokerages have issued 1 year price targets for Generac's stock. Their GNRC share price forecasts range from $275.00 to $556.00. On average, they anticipate the company's stock price to reach $406.85 in the next twelve months. This suggests a possible upside of 130.4% from the stock's current price.
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Generac's stock was trading at $351.92 at the beginning of 2022. Since then, GNRC stock has decreased by 49.8% and is now trading at $176.57.
View the best growth stocks for 2022 here.

Generac saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 6,340,000 shares, an increase of 14.0% from the July 31st total of 5,560,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 6.3 days. Currently, 10.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Generac Holdings Inc. (NYSE:GNRC) announced its earnings results on Wednesday, August, 3rd. The technology company reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.34. The technology company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.26 billion. Generac had a trailing twelve-month return on equity of 29.42% and a net margin of 12.28%. The business's revenue was up 40.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.39 earnings per share.
Read the conference call transcript.

Generac issued an update on 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.

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 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.
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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 $176.57.

Generac (NYSE:GNRC) has a market capitalization of $11.27 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.

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.