Investment entity
Assenagon Asset Management has accumulated a
$837,000 stake in
Generac Holdings Inc.(NYSE:GNRC). Despite downward movement in the stock recently,
Generac continues to exhibit strong fundamentals. Over the last earnings report, the stock has risen by
10.3%. Investment company
Monte Financial Group has also bolstered its holdings in
GNRC. Analysts at
William Blair have reaffirmed a buy rating for the stock, endorsing its investment potential. However, recent insider sales of
$1.4 million worth of stock suggest potential weakness. Meanwhile,
Generac reported solid Q1 earnings, beating revenue and earnings estimates. The company has also strengthened its energy portfolio with products apt for the data center market. Despite sharing an 'average' buying recommendation from brokerages, several investment firms like
Woodline Partners and
Rhumbline Advisers have increased their holdings in
GNRC. Considering recent movements and the growth possibilities, it might be a good time to consider
Generac. The future holds potential as the surge in AI infrastructure demand could boost Generac's sales. The company also seems focused on innovation, as evidenced by winning two Red Dot Design Awards for its recent product launches.
Generac Holdings GNRC News Analytics from Fri, 27 Sep 2024 07:00:00 GMT to Sat, 21 Jun 2025 23:55:52 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
