Generac Holdings has seen a mix of positive and negative news recently, beginning with a downgrade from both
J.P. Morgan and
Oppenheimer due to high valuations. Despite this, its stock rose by
30.8% in a year and demonstrated strength in quarterly earnings, exceeding estimates. However, Generac's stock position decreased with
Ieq Capital LLC and shares were sold by
Janney Montgomery Scott LLC. In contrast, investments were noted from
Beacon Pointe Advisors,
Mitsubishi UFJ Asset Management, and others. Generac's subsidiary,
Mean Green, made headlines with the launch of an electric mower. The company has performed well in Q1 2024, surpassing revenue estimates. However, note of caution is present due to an increase in short interest. Generac's Q1 earnings reportedly surpassed estimates, but missed EPS expectations. Several institutions hold considerable positions in Generac, underlining their confidence in the business's performance.
Generac Holdings GNRC News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Thu, 23 May 2024 20:45:19 GMT -
Rating 1
- Innovation -5
- Information 6
- Rumor -3
