GNRC Stock Recent News

In the most recent trading session, Generac Holdings (GNRC) closed at $123.50, indicating a +1.06% shift from the previous trading day.

Generac Holdings (GNRC) concluded the recent trading session at $117.62, signifying a +1.11% move from its prior day's close.

Mid-cap stocks have underperformed compared to the S&P 500, with 40% of Russell 2000 companies having negative earnings. Small-cap stocks face challenges due to economic shifts, increased competition from mega-cap companies, and declining profitability. Despite the challenges, there are opportunities for discerning stock pickers in attractively valued small-cap stocks like Generac Holdings, which benefits from megatrends in grid evolution, infrastructure investment, and the need for backup power.

Generac's revenue has grown at a CAGR of 11%, owing to an uptick in demand for electricity. This trajectory appears sustainable in the long term. We believe Generac will benefit heavily from the impact of climate change, the electrification revolution, increased infrastructure spending, and a broader uptick in demand for backup power. Underpinning the industry's attractiveness is strong development and innovation by the business, which offers a range of products and services for both residential and commercial uses.

Generac Holdings Inc. NASDAQ: GNRC manufactures power generators and energy management solutions for residential, commercial and industrial markets. It's a member of the industrial sector.

Wallbox's stock WBX, +9.09% was rallying by 22% Monday after generator specialist and S&P 500 SPX, +0.59% component Generac Holdings Inc. GNRC, +4.47% said it made a minority investment in the electric-vehicle charging company. Financial terms were not disclosed.

Generac Holdings (GNRC) reported earnings 30 days ago. What's next for the stock?

This commentary first appeared on Forbes Great Speculations on Wednesday, November 1, where Schaeffer's Investment Research is a regular contributor.

Generac Holdings Inc.'s stock has been attracting plenty of positive analyst attention following the generator maker's third-quarter results, which blew past profit and revenue estimates Wednesday.

Generac (GNRC) shares skyrocketed after the backup power and services company reported better-than-expected results on higher demand for its generators and reduced inventory backlog.