Generac Holdings Inc.’s Stock Price Drops to $146.83, Reflecting a 3.69% Downfall

Generac Holdings Inc. (GNRC)

146.83 USD -5.62 (-3.69%) Volume: 1.48M

Generac Holdings Inc.’s stock price stands at 146.83 USD, experiencing a drop of -3.69% in the latest trading session with a trading volume of 1.48M, reflecting a -5.30% change YTD, showcasing the dynamic nature of GNRC’s market performance.

Latest developments on Generac Holdings Inc.

Generac Holdings Inc. (NYSE:GNRC) has been making headlines with its Q4 2024 earnings call highlighting record sales and strategic growth. The company reported a surge in profit, beating estimates and surpassing expectations with a 28% increase in home generator sales. This positive performance has led to a rise in stock prices, with investors like Regents Gate Capital LLP and Values First Advisors Inc. buying shares. Despite market challenges, Generac Holdings remains positioned for long-term growth amidst increasing demand and strategic product developments. With projections of $300M-$400M in residential energy technology sales for 2025, Generac’s stock is on an upward trajectory, outperforming competitors and attracting investor interest.

Generac Holdings Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Generac Holdings Inc., highlighting the company’s innovation and ecosystem integration as key drivers of growth. In their report titled “Generac Holdings Inc.: Innovation & Ecosystem Integration As A Critical Factor Driving Growth! – Major Drivers,” they point out that the company reported robust third-quarter 2024 results, with a significant increase in sales and profits driven by strong demand for residential products like home standby and portable generators. This growth was fueled by heightened power outage activity from hurricanes, leading to a 10% year-over-year increase in net sales to $1.2 billion.

Additionally, in another report titled “Generac Holdings Inc.: Acquisition of Ageto for Strengthening of Microgrid Control & Energy Solutions & Other Major Drivers,” Baptista Research discusses Generac Holdings‘ financial results for the second quarter of 2024. While the company saw near-flat year-over-year net sales at $998 million, they noted an 8% increase in residential product sales, particularly driven by a midteens rate increase in home standby generator shipments. Despite presenting both strengths and weaknesses in performance, analysts remain optimistic about Generac Holdings‘ prospects in the energy solutions market.

A look at Generac Holdings Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Generac Holdings, Inc. manufactures a variety of generators for different markets. According to Smartkarma Smart Scores, the company has a balanced outlook in terms of value, growth, resilience, momentum, and dividend. While the dividend score is on the lower end, the company scores well in other areas such as growth and resilience, indicating a positive long-term outlook for Generac Holdings.

Generac Holdings, Inc. is known for its automatic, stationary standby, and portable generators that cater to various sectors. Smartkarma Smart Scores suggest that the company has a solid overall outlook, with particularly strong scores in growth, resilience, and momentum. This indicates that Generac Holdings is well-positioned for future success in the market, despite a lower score in the dividend category.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma