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.

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.