Generac Holdings (GNRC) continues to maintain its position as a top value stock for long-term investment. Cetera Advisors LLC and NBC Securities Inc have invested in substantial holdings, while Generac beats Q2 2024 earnings estimates. Despite robust fundamentals, the stock strength still generates speculation. Q1 and Q4 2024 earnings are forecasted at $1.28 and $2.44 per share, respectively, indicating continued steady growth. Generac has also made notable acquisitions to bolster its energy portfolio, including Ottomotores Businesses and Ageto. RS Rating upgrades and a higher technical rating reflect GNRC's strong performance. However, despite this growth, various institutional investors, namely Teachers Retirement System of The State of Kentucky, Tidal Investments LLC, and Price T Rowe Associates Inc. MD, have reduced their holdings. Inside sale by EVP Rajendra Kanuru also raises concerns. On another note, Generac's Q2 earnings surpass estimates signifying strong financials. Expected positive Q1 2025 earnings and a new price target of $172.00 affirm GNRC's strong standing. Despite certain stake reductions, there is an upward trend in stock positions, especially by Natixis. Generac also stands strong, reportedly focusing on M&A to drive growth with $1 billion to spend.
Generac Holdings GNRC News Analytics from Wed, 07 Feb 2024 08:00:00 GMT to Sat, 10 Aug 2024 16:12:35 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -6
