Generac Holdings Inc.’s Stock Price Soars to $158.88, Marking a Robust 2.61% Uptick

Generac Holdings Inc. (GNRC)

158.88 USD +4.04 (+2.61%) Volume: 0.95M

Generac Holdings Inc.’s stock price soars at 158.88 USD, witnessing a promising rise of +2.61% this trading session with a trading volume of 0.95M, and an impressive YTD percentage change of +22.93%, reinforcing its robust market performance.

Latest developments on Generac Holdings Inc.

Generac Holdings Inc. (NYSE:GNRC) experienced some notable activity recently, with Toronto Dominion Bank reducing its position in the company. On the other hand, Bank of Montreal Can increased its position, now holding a substantial $13.50 million stake in Generac Holdings. These movements in ownership could be contributing factors to the stock price fluctuations seen today.

Generac Holdings Inc. on Smartkarma

Analysts at Baptista Research have published a research report on Generac Holdings, highlighting the company’s performance in the first quarter of 2024. Despite mixed results, Generac showed strength in the Home Standby Generator segment and operational improvements. However, declines in the global portable generators and domestic energy storage markets impacted revenue. The report also commended Generac’s efforts in expanding dealer and installer networks, as well as investments in traditional and emerging product lines, positioning the company for long-term growth.

The research report by Baptista Research on Generac Holdings can be found on Smartkarma. The analysts lean bullish on the company, emphasizing its expansion in energy technology and storage solutions. With a focus on market leadership and long-term growth, Generac Holdings seems to be on a positive trajectory despite challenges in certain segments. Investors may find valuable insights in this report to make informed decisions regarding Generac Holdings‘ stock.

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 solid outlook for growth, resilience, and momentum. This suggests that Generac Holdings is well-positioned for long-term success in the industry.

Although Generac Holdings scores lower in terms of dividend payout, it makes up for it with strong value and momentum scores. This indicates that the company’s stock may be a good investment for those looking for growth potential. Overall, Generac Holdings appears to be a promising player in the generator manufacturing sector, with a positive long-term outlook.

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