Generac Holdings Inc. (GNRC) has been a focal point recently in the investment market. The company has performed resiliently amid the electrification mega-trend, with Roth Capital forecasting its Q3 2024 earnings at $2.00 per share. However, numerous financial organizations, including New York Life Investment Management, have trimmed their stakes in the firm. Additionally, Q2 2024 earnings for GNRC have been cut by analysts, despite surpassing Q1 earnings and revenue estimates. GNRC also appears to have lagged behind in market performance with returns weighed down for investors. In spite of the bearing sentiment, Truist Financial Corp and Kestra Private Wealth Services also cut back on their shares in Generac. Insider selling has been evidenced, with the CEO selling 5,000 shares of stock. Negative financial sentiment may be driven by the company's mixed financials, while GNRC's intrinsic value seems to stand above its share price. Meanwhile, Louisiana State Employees Retirement System has made a sizable investment in GNRC as well as International Assets Investment Management, putting faith in the company's potential turnaround in returns. An impressive return of 121% was noted for investors over the past five years. Leveraging on M&A, GNRC also eyes acquisitions to strengthen product offerings. Nevertheless, the announcement of a pending investor class action lawsuit may cause potential dents in its financial image. Outlook stability will, in part, depend on its Q4 earnings release and the success of a manufacturing facility in Nevada.
Generac Holdings GNRC News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 22:24:45 GMT -
Rating 2
- Innovation -5
- Information 8
- Rumor -6
