Generac Holdings GNRC has seen a favourable market performance with its stock up by 6.5% and 16.3% since last two earnings report. Though it received an average recommendation of 'Hold' from several analysts, it reported a remarkable growth of 35% in six months. Its technical rating was recently advanced as its intrinsic value was found to be likely 46% higher than its current share price. However, there have been concerns about GNRC's inconsistent financials, and its effectiveness in utilizing its capital. Despite these considerations, new shares were purchased by First Dallas Securities and $796,000 position taken by Belpointe Asset Management and Fortis Capital Advisors respectively. Insiders like EVP Rajendra Kanuru have recently sold substantial shares, but institutional ownership is strong at 86%. GNRC has expanded its energy storage solutions with new acquisitions and has won a $200M grant from DOE for its Solar Program. Though its 2024 Q2 earnings beat estimates, its Q1 earnings reportedly fell short.
Generac Holdings GNRC News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Fri, 06 Sep 2024 13:48:38 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor -2
