Generac Holdings Inc. (GNRC) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Generac Holdings Inc. (GNRC), based in Waukesha, Wisconsin, is an influential player in the Industrials sector, specifically within the Specialty Industrial Machinery industry. Founded in 1959, Generac is renowned for its innovative energy technology products, including residential standby generators and advanced smart home solutions tailored for both consumer and industrial markets. The company boasts diverse distribution channels, from independent dealers to e-commerce partners, effectively positioning itself to meet the increasing global demand for sustainable energy solutions. Given its impressive market presence and growth trajectory, analysts have issued a “buy” recommendation, reflecting confidence in Generac’s future prospects, with a target high price of $200.00 on the horizon.
Financial Performance
Generac’s robust financial health is highlighted by its total revenue of approximately $4.02 billion, underscoring its competitive advantage within the industry. The company has 60,152,700 shares outstanding, with a short interest of 2,822,084 shares, translating to a short percentage of the float at 5.47%. This indicates a relatively low level of bearish sentiment among investors. Currently trading at $141.76, Generac’s stock is below both the forecasted target mean price of $157.18 and the target high of $200.00, suggesting notable upside potential. The stock’s performance is further contextualized by a fifty-two week high of $169.57 and a low of $79.86, demonstrating a significant recovery from its recent lows, which signals a resilient market position.
Market Outlook
The analysis draws upon insights from 22 analysts who collectively present an overall “buy” recommendation for GNRC. The target median price stands at $161.50, indicating an anticipated upward trend in the stock’s value. Despite lacking key metrics such as EBITDA, the encouraging revenue growth and the analysts’ positive sentiment position Generac favorably within the market. The current price of $141.76 reflects an opportunity for investors interested in capitalizing on potential market appreciation as the company continues to innovate and expand in the energy solutions sector. As Generac navigates the challenges of the specialty machinery industry, keeping a close eye on market trends and earnings reports will be essential for stakeholders looking to optimize their investment strategies.
| Metric | Value |
|---|---|
| Market Cap | $8.5b |
| Total Debt | $1.6b |
| Total Cash | $218.3m |
| Shares Outstanding | 60.2m |
| Float Shares | 59.1m |
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