GNRC Stock Recent News

Generac Holdings Inc. NYSE: GNRC delivered a solid second-quarter earnings report that included raising its full-year outlook for revenue and earnings. But this looks like a sell-the-news event.

Generac Holdings Inc. (NYSE:GNRC ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Kris Rosemann - Senior Manager of Corporate Development and Investor Relations Aaron Jagdfeld - President and Chief Executive Officer York Ragen - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens, Inc. George Gianarikas - Canaccord Genuity Michael Halloran - Robert W. Baird Jeff Hammond - KeyBanc Capital Markets Brian Drab - William Blair Jerry Revich - Goldman Sachs Kashy Harrison - Piper Sandler Stephen Gengaro - Stifel Nicolaus Jordan Levy - Truist Securities Donovan Schafer - Northland Capital Markets Keith Housum - Northcoast Research Chip Moore - ROTH Capital Partners Operator Good day and thank you for standing by.

Although the revenue and EPS for Generac Holdings (GNRC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Generac's (GNRC) second-quarter results get affected due to weakness in C&I sales. Nonetheless, management has raised its sales expectations for 2024, owing to recent power outage activity.

Generac Holdings (GNRC) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.08 per share a year ago.

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in smart electric vehicle (EV) charging and energy management solutions announced that it had received a $45 million investment, which includes $35 million from lead investor, Generac Power Systems, Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products. The strategic investment reinforces the partnership with Generac and highlights Wallbox's strong position in.

Significant margin expansion drives strong earnings growth; 2024 outlook increased as a result of recent power outages Significant margin expansion drives strong earnings growth; 2024 outlook increased as a result of recent power outages

Generac's (GNRC) Q2 performance is likely to have gained from strength in the home standby generators category.

Generac Holdings (GNRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Tech saw heavy selling last week, but the pullback will likely be short-term, notes Ross Givens. He believes the semiconductor trade is over with AMD, ASML, and INTC all getting killed. Givens then delves into more cyclical stock picks which include Alamos Gold (AGI), Generac (GNRC), and KKR & Co. (KKR).