Generac Holdings Inc.’s Stock Price Skyrockets to $152.45, Marking a Stellar 7.56% Increase

Generac Holdings Inc. (GNRC)

152.45 USD +10.71 (+7.56%) Volume: 2.78M

Generac Holdings Inc.’s stock price surged to $152.45, marking a significant trading session gain of +7.56%. Despite a slight YTD decrease of -0.47%, the robust trading volume of 2.78M underscores investor confidence in GNRC’s market performance.

Latest developments on Generac Holdings Inc.

Generac Holdings (GNRC) recently reported their Q4 earnings, exceeding both earnings and revenue estimates, with a record profit as home generator sales surged by 28%. Despite facing market challenges, Generac’s stock rose as power outages increased demand for backup generators. The positive earnings report led to a 7.43% increase in stock price. Analysts at Barclays and Stifel maintained their ratings and price targets for Generac stock, highlighting the company’s promising growth amidst market challenges. With a bullish outlook on energy-efficiency products, Generac’s CEO remains confident in the company’s future regardless of external policies. Overall, Generac’s strong performance in Q4 has positioned the company for continued success in the market.

Generac Holdings Inc. on Smartkarma

Analysts at Baptista Research have been closely following Generac Holdings Inc., a company that specializes in power generation products. In their report titled “Generac Holdings Inc.: Innovation & Ecosystem Integration As A Critical Factor Driving Growth! – Major Drivers,” they highlighted the company’s strong performance in the third quarter of 2024. Generac experienced a significant increase in sales and profits, driven by high demand for residential products like home standby and portable generators. The company’s net sales rose by approximately 10% year-over-year to reach $1.2 billion, mainly due to heightened power outage activity from hurricanes.

In another report by Baptista Research, titled “Generac Holdings Inc.: Acquisition of Ageto for Strengthening of Microgrid Control & Energy Solutions & Other Major Drivers,” analysts discussed the company’s financial results for the second quarter of 2024. Despite near-flat year-over-year net sales of $998 million, Generac saw an 8% increase in residential product sales. This growth in the residential sector was driven by a significant rate increase in home standby generator shipments. The analysts provided valuable insights into the company’s performance and strategic moves, offering a bullish outlook on Generac Holdings‘ future prospects.

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 automatic, stationary standby, and portable generators, catering to various markets such as residential, commercial, industrial, and telecommunications. According to Smartkarma Smart Scores, the company has a mixed long-term outlook. While it scores moderately in terms of value, growth, resilience, and momentum, it falls short in the dividend category. This suggests that Generac Holdings may have promising prospects in terms of its overall performance and market position, but investors may not expect high dividend returns from the company.

Overall, Generac Holdings‘ Smartkarma Smart Scores indicate a relatively positive long-term outlook for the company. With solid scores in value, growth, resilience, and momentum, Generac Holdings appears to be well-positioned for future success in the generator manufacturing industry. While the company may not offer high dividend returns, its strong performance in other key factors suggests that it could continue to thrive and expand its presence in the residential, commercial, industrial, and telecommunications markets.

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