GNRC Stock Recent News

Generac (GNRC) secures a $200 million donation from the U.S. Department of Energy to advance Puerto Rico's energy infrastructure as part of the $1 billion Puerto Rico Energy Resilience Fund.

Local companies to provide solar/battery storage installations in low-income communities hit hardest by long and frequent outages WAUKESHA, Wis. , July 17, 2024 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the company has been awarded a grant of up to $200 million over the five year term of the award agreement with the U.S. Department of Energy (DOE) as part of the $1 billion Puerto Rico Energy Resilience Fund (PR-ERF).

WAUKESHA, Wis., July 17, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced plans to release its second quarter 2024 financial results before the market opens on Wednesday, July 31, 2024. Generac management will hold a conference call at 10:00 a.m. EST on that day to discuss highlights of this earnings release.

Generac Holdings Inc. GNRC is strengthening its energy management solutions portfolio by launching its first electric vehicle (EV) charger, a level 2 charger designed for homes and businesses, demonstrating its commitment to innovation and sustainable energy solutions. Citing the Global EV Outlook 2024 report by the International Energy Agency, Generac highlighted that the U.S. EV market is projected to reach an 11% market share in 2024.

Advanced EV Charging Solution Supports Growing U.S. Market WAUKESHA, Wis. , July 15, 2024 /PRNewswire/ -- Generac Power Systems Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the availability of its first electric vehicle (EV) charger.

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Generac Holdings Inc. NYSE: GNRC has long been synonymous with backup power generation, holding a commanding presence in a market driven by the need for energy reliability. However, recent developments have created a complex narrative, leaving investors to decipher a mixture of positive and concerning signals.

With the acquisition of PowerPlay Battery Energy Storage Systems, a unit of SunGrid Solutions Inc., Generac (GNRC) aims to expand its energy technology offerings for C&I projects.

Strategic move strengthens Generac's position in commercial and industrial battery energy storage systems market WAUKESHA, Wis. , June 27, 2024 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the acquisition of PowerPlay Battery Energy Storage Systems, a division of SunGrid Solutions Inc., a leading engineering, procurement and construction (EPC) company for energy storage.

Generac Holdings stocks are trading at fair market price. The revenue decline in 2023 seems attributed to short-term headwinds, not structural issues. Generac has the potential to continue expanding its market share in the foreseeable future as the company deepens its penetration in the domestic motor and generator market.