Generac Holdings Inc.’s Stock Price Drops to $155.42, Experiencing a 2.52% Decrease: A Comprehensive Performance Review

Generac Holdings Inc. (GNRC)

155.42 USD -4.01 (-2.52%) Volume: 0.73M

Generac Holdings Inc.’s stock price currently stands at 155.42 USD, experiencing a slight dip of -2.52% this trading session, amidst a trading volume of 0.73M. However, GNRC’s robust YTD performance, up by +20.26%, underlines its strong market presence.

Latest developments on Generac Holdings Inc.

Generac Holdings Inc. (NYSE:GNRC) has been making headlines recently with key events impacting its stock price movements. Bessemer Group Inc. recently sold 4,984 shares of Generac Holdings, while Natixis increased its stock position in the company. Additionally, Epoch Investment Partners Inc. acquired 8,346 shares, and Capital World Investors acquired 25,646 shares of Generac Holdings. These activities have contributed to Generac’s stock price target being raised to $160.00, with a Sector Perform rating, indicating positive momentum in the market for the company.

Generac Holdings Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided insights on Generac Holdings, focusing on the company’s expansion in energy technology and storage solutions. The report highlights Generac’s mixed performance in the first quarter of 2024, with strength in the Home Standby Generator segment and operational improvements. However, declines in the global portable generators and domestic energy storage markets were notable drags on revenue. Generac’s efforts in expanding its dealer and installer networks, along with investments in both traditional and emerging product lines, position the company well for long-term growth.

A look at Generac Holdings Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Generac Holdings, Inc. manufactures a range of generators for different markets. According to Smartkarma Smart Scores, the company scores well in terms of Momentum, indicating strong performance in the market. This suggests a positive outlook for Generac Holdings in the long term, as high momentum often correlates with continued growth and success.

Although Generac Holdings scores lower in areas such as Dividend and Growth, it still maintains moderate scores for Value and Resilience. This indicates that the company may have some room for improvement in certain areas, but overall, it remains stable and has the potential for future growth. With a diverse range of generators serving various markets, Generac Holdings is well-positioned to continue its success in the industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma