NYSE:GNRCGenerac Stock Price, Forecast & News

Generac's stock was trading at $102.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GNRC stock has increased by 75.0% and is now trading at $178.60.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Generac in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Generac is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Generac Holdings Inc. (NYSE:GNRC) issued its quarterly earnings data on Thursday, July, 30th. The technology company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.48. The technology company earned $546.80 million during the quarter, compared to analysts' expectations of $476.86 million. Generac had a return on equity of 32.25% and a net margin of 11.55%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share.
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Generac updated its FY 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.3142-2.38032 billion, compared to the consensus revenue estimate of $2.1 billion.

13 Wall Street analysts have issued 12-month target prices for Generac's stock. Their forecasts range from $105.00 to $200.00. On average, they anticipate Generac's share price to reach $156.09 in the next twelve months. This suggests that the stock has a possible downside of 12.6%.
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News coverage about GNRC stock has trended somewhat negative on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Generac earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Generac.

Generac saw a drop in short interest in June. As of June 30th, there was short interest totaling 3,410,000 shares, a drop of 8.6% from the June 15th total of 3,730,000 shares. Based on an average daily volume of 719,500 shares, the days-to-cover ratio is currently 4.7 days. Currently, 5.5% of the company's stock are sold short.
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Some companies that are related to Generac include Roper Technologies (ROP), Emerson Electric (EMR), Eaton (ETN), Rockwell Automation (ROK), AMETEK (AME), Enphase Energy (ENPH), II-VI (IIVI), Acuity Brands (AYI), Regal Beloit (RBC), Vicor (VICR), EnerSys (ENS), Franklin Electric (FELE), Brady (BRC), Belden (BDC) and Encore Wire (WIRE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Generac investors own include Alibaba Group (BABA), Visa (V), NVIDIA (NVDA), Cisco Systems (CSCO), salesforce.com (CRM), Gilead Sciences (GILD), Adobe (ADBE), Advanced Micro Devices (AMD), QUALCOMM (QCOM) and AT&T (T).

Generac trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNRC."

Generac's stock is owned by many different retail and institutional investors. Top institutional investors include Copper Rock Capital Partners LLC (15.22%), Congress Asset Management Co. MA (1.58%), Victory Capital Management Inc. (1.55%), Kornitzer Capital Management Inc. KS (0.37%), Redwood Investments LLC (0.35%) and Zurcher Kantonalbank Zurich Cantonalbank (0.34%). Company insiders that own Generac stock include Aaron Jagdfeld, Erik Wilde, Patrick John Forsythe, Russell S Minick and York A Ragen.
View institutional ownership trends for Generac.

GNRC stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Ziegler Capital Management LLC, Congress Asset Management Co. MA, Emerald Mutual Fund Advisers Trust, Victory Capital Management Inc., Emerald Advisers LLC, Zurcher Kantonalbank Zurich Cantonalbank, and Mutual of America Capital Management LLC. Company insiders that have sold Generac company stock in the last year include Aaron Jagdfeld, Erik Wilde, Patrick John Forsythe, Russell S Minick, and York A Ragen.
View insider buying and selling activity for Generac.

GNRC stock was purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Envestnet Asset Management Inc., Peregrine Capital Management LLC, New York State Common Retirement Fund, Raymond James Financial Services Advisors Inc., Conestoga Capital Advisors LLC, Lockheed Martin Investment Management Co., and Rathbone Brothers plc.
View insider buying and selling activity for Generac.

Shares of GNRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GNRC stock can currently be purchased for approximately $178.60.

Generac has a market capitalization of $11.21 billion and generates $2.20 billion in revenue each year. The technology company earns $252.01 million in net income (profit) each year or $5.06 on an earnings per share basis. Generac employs 5,689 workers across the globe.

The official website for Generac is www.generac.com.

Generac's mailing address is S45 W29290 HIGHWAY 59, WAUKESHA WI, 53189. The technology company can be reached via phone at 262-544-4811 or via email at [email protected]