Generac Holdings Inc.’s Stock Price Takes a Dip, Trading at $167.25 with a 3.67% Decrease: Time to Buy?

Generac Holdings Inc. (GNRC)

167.25 USD -6.37 (-3.67%) Volume: 1.0M

Generac Holdings Inc.’s stock price stands at 167.25 USD, experiencing a slight drop of -3.67% this trading session, but showcasing a strong YTD performance with a +30.72% increase. With a trading volume of 1.0M, GNRC continues to be a robust player in the market.

Latest developments on Generac Holdings Inc.

Generac Holdings stock price surged today as the company was chosen by the U.S. Department of Energy to receive a $50 million award to bolster grid resilience with clean energy solutions in collaboration with California’s Water Utilities. This news comes amidst the intensification of Hurricane Milton, causing insurance stocks to plummet while shares of the generator maker soared. The National Bank of Canada FI also increased its position in Generac Holdings Inc. (NYSE:GNRC), reflecting growing confidence in the company’s future prospects.

Generac Holdings Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely following Generac Holdings Inc. The latest report titled “Generac Holdings Inc.: Acquisition of Ageto for Strengthening of Microgrid Control & Energy Solutions & Other Major Drivers” discusses the company’s financial results for the second quarter of 2024. Despite near-flat year-over-year net sales at $998 million, Generac saw an 8% increase in residential product sales, driven by a significant rate increase in home standby generator shipments.

Baptista Research‘s report on Generac Holdings highlights both strengths and weaknesses in the company’s performance. The acquisition of Ageto for strengthening microgrid control and energy solutions is seen as a major driver for future growth. The analysis leans towards a bullish sentiment, indicating optimism about Generac Holdings‘ prospects in the market. Investors and stakeholders can access the full report on Smartkarma to gain valuable insights into the company’s strategic moves and financial outlook.

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 shows strength in momentum with a score of 4, indicating a positive outlook for future growth and performance.

While Generac Holdings scores moderately in value, growth, and resilience with scores of 3, it falls short in the dividend category with a score of 1. This suggests that the company may not be as attractive to income-seeking investors. Overall, Generac Holdings‘ higher scores in momentum and resilience point towards a promising long-term outlook, supported by its diverse range of generator products serving a wide array of 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.
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