In recent updates, Generac Holdings Inc. (GNRC) is noted to have an increase in holdings by several notable equity management firms. Among them are Bridges Investment Management Inc., Laurus Global Equity Management Inc., Envestnet Asset Management Inc., and Regents Gate Capital LLP. Despite GNRC shares being underperforming in NASDAQ, expectations are positive with an average price target of $169.17 from brokerages. Generac's earnings trajectory is anticipated to rise as its shares continue to increase.
There are shifts in shareholding from various institutions, such as D.A. Davidson & Co., New York State Teachers Retirement System, and Impax Asset Management Group plc. who have reportedly sold GNRC shares. Generac is also seen as a worthwhile investment, focusing on a long-term perspective. The company is broadening its horizon with new products designed for the data center market and remains a beacon of resilience despite an unstable global environment.
On an ending note, despite a 13% decrease since the last earnings report, GNRC is expected to rebound with a potential surge due to rising risks of grid instability and significant contributions to AI infrastructure demand. The outlook remains optimistic, bolstered by Bank Of America reinstating coverage with a 'Buy' rating.
Generac Holdings GNRC News Analytics from Fri, 20 Sep 2024 07:00:00 GMT to Sat, 12 Jul 2025 22:08:41 GMT - Rating 1 - Innovation 2 - Information 7 - Rumor -1
