Generac (GNRC) “Wanted To Blame Storms,” Says Jim Cramer

Core Insights - Generac Holdings Inc. reported third-quarter earnings of $1.1 billion in revenue and $1.82 in earnings per share, both of which fell short of FactSet estimates of $1.2 billion and $2.18 respectively [2] - The company attributed its poor performance to fewer hurricanes, but there are concerns about other underlying issues, including high borrowing costs [3] Company Performance - Generac's revenue for the third quarter was $1.1 billion, missing estimates by $100 million [2] - Earnings per share were reported at $1.82, which was $0.36 below the expected $2.18 [2] Market Commentary - Jim Cramer expressed skepticism about Generac's explanation for its performance, suggesting that reliance on borrowing in a high-interest-rate environment could be problematic [3] - Cramer indicated that while Generac has potential, other AI stocks may offer better investment opportunities with higher returns and lower risks [3]