Econ Financial Services Corp acquired 3,741 shares of Generac Holdings Inc. (NYSE:GNRC) meanwhile Generac's stock underperformed compared to competitors on Tuesday. Despite the dip, the strong residential demand and future catalysts led to a buy rating for Generac. The company's stock shed 5.1% this week, with annual returns more in line with earnings. TD Cowen altered Generac's price target to $173 from $183. Generac unveiled the most powerful air-cooled home standby generator, bolstering its product portfolio. The CEO, Aaron Jagdfeld, sold 5,000 shares of the company, as other investment firms increased or decreased their holdings in Generac. The fourth quarter 2024 earnings for Generac indicated potential growth amidst market challenges. Generac also received a $50 million award by the U.S. Department of Energy for bolstering grid resilience through clean energy solutions. Ongoing acquisition and investment activities further showcased the company's robust market position. Lastly, Generac's impressive performance amidst challenging times, including hurricanes and wildfires, hiked the stock gains. The surge is also attributed to their robust product portfolio, involving the launching of powerful generators and the next generation PWRcell energy storage products.
Generac Holdings GNRC News Analytics from Fri, 05 Apr 2024 07:00:00 GMT to Sat, 08 Feb 2025 06:00:00 GMT -
Rating 1
- Innovation 2
- Information 7
- Rumor -7
