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Generac Encourages Early Planning for Power Outages During National Preparedness Month
Prnewswire· 2024-09-04 11:30
More frequent and destructive severe weather events drive need for power outage plans WAUKESHA, Wis., Sept. 4, 2024 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, is reminding people to observe National Preparedness Month by planning ahead for power outages. According to NOAA's National Centers for Environmental Information, extreme weather has caused more than one billion dollars of damage on ...
Generac (GNRC) Stock Up 35% in 6 Months: Is the Stock Worth a Buy?
ZACKS· 2024-08-22 15:10
Generac Holdings Inc. (GNRC) stock has surged 35.2% in the past six months compared with the S&P 500's growth of 10.6%, respectively. Z SI254M: 39.49 GNRC: 35.2% CMI: 15.05 ENPH: 0.9% AYI: -0.7% 8/24 - ENPHASE ENE Image Source: Zacks Investment Reso However, it has underperformed the sub-industry's rally of 39.4% in the past six months. While peers like Enphase (ENPH) and Cummins (CMI) have gained 0.9% and 15%, Acuity Brands' (AYI) shares have dropped 0.7% in the past six months. GNRC is currently trading a ...
Generac, Highland Homes Commit to Enhancing Energy Security for Texas Homeowners
Prnewswire· 2024-08-08 11:30
From Design to Construction, Program Works to Integrate Generac Backup Power Solutions into New Home Builds, Ensuring Reliable Power in the Face of Outages WAUKESHA, Wis., Aug. 8, 2024 /PRNewswire/ -- Generac (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, is partnering with awardwinning Highland Homes, to offer generators as options for build-to-suit homes throughout Texas. Home buyers in the Austin, Dallas/Fort Worth, Houston and ...
Why Generac Holdings (GNRC) is a Top Value Stock for the Long-Term
ZACKS· 2024-08-07 14:40
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The ...
Generac (GNRC) - 2024 Q2 - Quarterly Report
2024-08-06 20:09
Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value GNRC New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...
Generac (GNRC) Bolsters Energy Portfolio With Ageto Buyout
ZACKS· 2024-08-06 13:16
Generac Holdings Inc (GNRC) recently announced the acquisition of Ageto. The buyout, which was officially settled on Aug 1, 2024, is likely to boost Generac's position in the commercial & industrial (C&I) market. Ageto is known for its cutting-edge microgrid controllers, which are specifically engineered to optimize the performance of various energy resources, including renewable energy sources and electric vehicle chargers. These controllers empower users to coordinate, optimize and supervise all microgrid ...
Generac Strengthens Microgrid and Energy Storage Solutions with Acquisition of Ageto
Prnewswire· 2024-08-05 11:30
WAUKESHA, Wis., Aug. 5, 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 Ageto, a leading provider of microgrid controllers that seamlessly integrate, optimize and manage distributed conventional resources, renewable energy resources and electric vehicle (EV) chargers in the commercial & industrial (C&I) market. The transaction closed on August 1, 2024. Ter ...
Generac Raises Guidance: Why Is the Stock Still a Hold?
MarketBeat· 2024-08-02 11:15
Generac Today GNRC Generac $145.50 -10.18 (-6.54%) 52-Week Range $79.86 ▼ $169.57 P/E Ratio 40.08 Price Target $153.52 Add to Watchlist 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. GNRC had climbed to a 52-week high before the earnings report, but the results don't seem to be enough to move the needle. The headline numbers were mixed. Revenue of $998.2 million ...
Generac (GNRC) - 2024 Q2 - Earnings Call Transcript
2024-07-31 17:36
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 Ka ...
Generac's (GNRC) Q2 Earnings Surpass Estimates, Stock Up
ZACKS· 2024-07-31 14:16
As of Jun 30, 2024, GNRC had $218.3 million of cash and cash equivalents, with nearly $1.445 billion of longterm borrowings and finance lease obligations. In the reported quarter, the company repurchased shares worth $51 million. GNRC had shares worth $449 left under its buyback authorization as of Jun 30, 2024. In February 2024, GNRC approved a new share buyback authorization that allows for a repurchase of up to $500 million in the next 24 months. It replaced the remaining balance on the earlier program. ...