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.

Generac Trading Up 5.3 %

GNRC Stock opened at $280.52 on Monday. The company has a market capitalization of $17.91 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.28. Generac has a one year low of $197.94 and a one year high of $524.31. The company's 50 day moving average price is $239.45 and its two-hundred day moving average price is $261.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 2.13.

Generac (NYSE:GNRC - Get Rating) last posted its quarterly earnings results 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 the consensus estimate of $1.26 billion. Generac had a net margin of 12.28% and a return on equity of 29.42%. The business's revenue was up 40.3% compared to the same quarter last year. During the same period last year, the firm posted $2.39 earnings per share. As a group, analysts predict that Generac will post 11.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GNRC shares. Northland Securities assumed coverage on shares of Generac in a research note on Wednesday, May 25th. They issued an "outperform" rating and a $370.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Generac from $415.00 to $421.00 and gave the stock an "overweight" rating in a research report on Monday, August 8th. Guggenheim cut their target price on shares of Generac from $561.00 to $455.00 and set a "buy" rating for the company in a research report on Monday, July 25th. Oppenheimer lowered their price target on shares of Generac from $360.00 to $345.00 and set an "outperform" rating on the stock in a report on Monday, August 8th. Finally, Piper Sandler lowered their price target on shares of Generac from $350.00 to $305.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $414.86.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $264.96, for a total transaction of $1,324,800.00. Following the completion of the transaction, the chief executive officer now directly owns 610,975 shares of the company's stock, valued at $161,883,936. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company's stock.