Generac (NYSE:GNRC) Shares Gap Up on Analyst Upgrade

Generac Holdings Inc. (NYSE:GNRC)’s share price gapped up before the market opened on Thursday after Canaccord Genuity Group raised their price target on the stock from $275.00 to $375.00. The stock had previously closed at $175.11, but opened at $229.50. Canaccord Genuity Group currently has a buy rating on the stock. Generac shares last traded at $209.9990, with a volume of 1,906,012 shares.

Several other brokerages also recently issued reports on GNRC. Weiss Ratings raised shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. DA Davidson set a $333.00 price target on Generac in a report on Thursday, July 30th. Zacks Research raised Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Raymond James Financial set a $302.00 price objective on Generac in a research report on Friday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $283.00 price objective on shares of Generac in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $293.70.

Insider Transactions at Generac

In other news, insider Norman Taffe sold 400 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $188.70, for a total value of $75,480.00. Following the completion of the sale, the insider owned 11,276 shares in the company, valued at approximately $2,127,781.20. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 586 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the completion of the sale, the insider directly owned 10,746 shares of the company’s stock, valued at $2,292,659.10. This trade represents a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,086 shares of company stock valued at $2,347,160 over the last quarter. Company insiders own 2.40% of the company’s stock.

More Generac News

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Amazon deal creates substantial revenue visibility: Generac signed a long-term agreement to supply backup generators for Amazon data centers, with initial deliveries expected to total approximately $2.4 billion in 2027 and 2028. The broader relationship could generate as much as $8 billion in payments, providing a major boost to Generac’s backlog and data-center exposure. Generac and Amazon strike $2.4 billion long-term generator supply deal
• Positive Sentiment: Analysts raised their expectations: Canaccord Genuity increased its price target from $275 to $375 and assigned a “buy” rating, while Stephens reaffirmed its “overweight” rating with a $335 target. The revisions indicate expectations for meaningful earnings upside from Amazon-related demand. Why Generac shares are trading higher
• Positive Sentiment: Exposure to AI infrastructure demand is strengthening: The agreement positions Generac as a supplier to Amazon’s expanding data-center network, reinforcing the investment case that rising power needs and grid constraints can drive growth in backup-generation equipment. Generac analysts see earnings upside from Amazon deal
• Negative Sentiment: Contract economics include potential dilution and execution risks: Amazon received warrants to purchase up to approximately $340 million of Generac stock. Investors may view the potential equity issuance as dilutive, while the deal’s long delivery timeline and greater customer concentration create execution risks. Amazon obtains right to buy Generac stock

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC acquired a new stake in shares of Generac in the 2nd quarter valued at about $25,000. Avalon Trust Co bought a new stake in Generac in the first quarter valued at about $32,000. Essential Partners LLC raised its stake in Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after buying an additional 61 shares in the last quarter. Continuum Advisory LLC acquired a new stake in Generac during the second quarter valued at approximately $51,000. Finally, Fiduciary Financial Advisors bought a new position in Generac during the 2nd quarter worth approximately $50,000. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Up 20.2%

The company has a market cap of $12.42 billion, a P/E ratio of 48.48, a P/E/G ratio of 1.49 and a beta of 1.91. The business has a fifty day simple moving average of $203.64 and a 200 day simple moving average of $226.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 EPS. Analysts anticipate that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation and energy management products. Its portfolio includes residential standby generators, portable generators, commercial and industrial generator systems, and related transfer switches, controls and monitoring technologies.

The company also offers clean energy and electrification solutions, including battery energy storage systems, solar-related products, electric vehicle chargers and load-management technologies.