Generac Holdings Inc.’s stock price soars to $173.59, marking a robust 4.37% increase

Generac Holdings Inc. (GNRC)

173.59 USD +7.27 (+4.37%) Volume: 1.2M

Generac Holdings Inc.’s stock price soars to $173.59, marking a significant trading session increase of +4.37% with a robust trading volume of 1.2M. The power generator manufacturer continues its bullish run with an impressive +34.32% year-to-date gain, solidifying its position as a strong performer in the market.

Latest developments on Generac Holdings Inc.

Generac Holdings (GNRC) has experienced significant stock price movements recently. The company unveiled its next-generation PWRcell Energy Storage, leading to a surge in stock prices. Additionally, as hurricanes like Milton intensify, demand for generators has increased, prompting Generac to add hundreds of workers to meet the need. However, the stock did experience a pullback after the initial rally following Hurricane Milton. Truist Financial Corp also sold some shares of Generac Holdings, but the question remains: is there further upside left in the stock? Overall, Generac’s stock has seen both ups and downs in response to recent events, leaving investors wondering about its future trajectory.

Generac Holdings Inc. on Smartkarma

Generac Holdings Inc. has been under the analyst coverage on Smartkarma, with insights from Baptista Research. In their report titled “Generac Holdings Inc.: Acquisition of Ageto for Strengthening of Microgrid Control & Energy Solutions & Other Major Drivers,” the analysts lean towards a bullish sentiment. They highlighted the company’s financial results for the second quarter of 2024, pointing out strengths like near-flat year-over-year net sales at $998 million and an 8% increase in residential product sales. This growth was driven by a significant rate increase in home standby generator shipments.

Another report by Baptista Research on Smartkarma, titled “Generac Holdings: What Is The Story Of Their Expansion in Energy Technology and Storage Solutions? – Major Drivers,” also sheds light on Generac Holdings‘ performance. Despite a mixed performance in the first quarter of 2024, the analysts remain bullish on the company. They noted strengths in the Home Standby Generator segment and operational improvements, while highlighting declines in global portable generators and domestic energy storage markets. Generac’s strategic efforts in expanding dealer networks and investing in product lines position it well for long-term growth.

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, Generac Holdings has a positive long-term outlook, with high scores in Momentum, Growth, and Resilience. This indicates that the company is performing well in terms of market momentum and is expected to experience growth and resilience in the future.

While Generac Holdings scores lower in the Dividend category, its overall outlook remains optimistic due to its strong performance in other areas. With a balanced score in Value, Generac Holdings is seen as a solid investment option with potential for future growth and stability in the market. Investors may find Generac Holdings to be a promising choice for long-term investment based on its Smartkarma Smart Scores.

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