Generac Holdings Inc. (NYSE:GNRC) a leading manufacturer of energy storage systems, commercial and industrial generators, continually garners focus from many prestigious institutional investors. It has seen significant stake changes, including ProShare Advisors LLC and Oppenheimer Asset Management increasing their stake, while Sei Investments Co. and US Bancorp DE have trimmed their positions. GNRC won a major $200M contract from the Department of Energy (DOE) for a solar program. However, skepticism surrounds the company's future due to uncertain fundamentals, although it has a previous track record of beating earnings estimates. Generac has surged 16.3% since its last earnings report. It has further expanded its portfolio by adding the Level 2 EV charger. The company's stock currently has a consensus recommendation of 'Hold' from analysts, despite it recently outperforming the market. Share transactions by insiders, such as EVP Rajendra Kanuru and CEO Aaron Jagdfeld selling shares, have raised eyebrows. Though there is some negative investor sentiment due to mixed financials, Generac's intrinsic value is believed to be significantly higher than its share price.
Generac Holdings GNRC News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 15:07:01 GMT -
Rating 6
- Innovation 3
- Rumor -4
