Generac - GNRC Stock Forecast, Price & News

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Generac in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GNRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNRC, but not buy additional shares or sell existing shares.
View GNRC analyst ratings or view top-rated stocks.

26 equities research analysts have issued 12 month price objectives for Generac's shares. Their GNRC share price forecasts range from $75.00 to $485.00. On average, they predict the company's stock price to reach $198.96 in the next year. This suggests a possible upside of 78.9% from the stock's current price.
View analysts price targets for GNRC or view top-rated stocks among Wall Street analysts.

Generac's stock was trading at $100.66 on January 1st, 2023. Since then, GNRC stock has increased by 10.5% and is now trading at $111.22.
View the best growth stocks for 2023 here.

Generac saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 5,790,000 shares, a drop of 8.2% from the February 13th total of 6,310,000 shares. Based on an average daily volume of 1,610,000 shares, the short-interest ratio is currently 3.6 days. Currently, 9.5% of the shares of the company are sold short.
View Generac's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our GNRC earnings forecast.

Generac Holdings Inc. (NYSE:GNRC) issued its earnings results on Wednesday, February, 15th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.08. The technology company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. Generac had a net margin of 8.75% and a trailing twelve-month return on equity of 23.82%. The firm's revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $2.51 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of Generac (NYSE:GNRC) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco S&P 500 GARP ETF (SPGP), Invesco S&P 500 Equal Weight Industrials ETF (RGI), Schwab Ariel ESG ETF (SAEF), Future Fund Active ETF (FFND) and Innovator Gradient Tactical Rotation Strategy ETF (IGTR).

Generac issued an update on its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.11 billion-$4.29 billion, compared to the consensus revenue estimate of $4.19 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 institutional and retail investors. Top institutional investors include Brown Advisory Inc. (2.50%), Ariel Investments LLC (2.07%), Geode Capital Management LLC (2.02%), Morgan Stanley (1.87%), Impax Asset Management Group plc (1.82%) and Two Sigma Investments LP (1.38%). Insiders that own company stock include Aaron Jagdfeld, Erik Wilde, Patrick John Forsythe, Rajendra Kumar Kanuru, Robert D Dixon, Russell S Minick and York A Ragen.
View institutional ownership trends.

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 $111.22.

Generac (NYSE:GNRC) has a market capitalization of $6.88 billion and generates $4.56 billion in revenue each year. The technology company earns $399.50 million in net income (profit) each year or $5.44 on an earnings per share basis.

The company employs 9,500 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.