Generac Holdings Inc.’s Stock Price Soars to $137.30, Marking a Robust 3.11% Uptick

Generac Holdings Inc. (GNRC)

137.30 USD +4.14 (+3.11%) Volume: 0.97M

Generac Holdings Inc.’s stock price surges to $137.30, marking a significant trading session increase of +3.11%. With an impressive trading volume of 0.97M and an encouraging YTD percentage change of +6.24%, GNRC’s stock performance continues to attract investor attention.

Latest developments on Generac Holdings Inc.

Generac Holdings Inc. (NYSE:GNRC) saw some notable movements in its stock price today, with Independence Bank of Kentucky acquiring shares while Fiduciary Alliance LLC also bought a new position in the company. On the other hand, Norway Savings Bank sold some of its shares in Generac Holdings. These transactions could indicate varying levels of confidence or strategy among different investors, potentially influencing the stock price in the short term.

Generac Holdings Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, are covering Generac Holdings and providing insights on the company’s expansion in energy technology and storage solutions. According to Baptista Research, Generac Holdings had a mixed performance in the first quarter of 2024. The Home Standby Generator segment showed strength, along with operational improvements. However, declines in the global portable generators and domestic energy storage markets impacted revenue. Despite these challenges, Generac’s efforts in expanding dealer and installer networks and investing in product lines position it 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 variety of generators for different markets. According to Smartkarma Smart Scores, the company receives a high score for Momentum, indicating a positive trend in its performance. This suggests that Generac Holdings is gaining traction and seeing growth in its business activities.

Despite its strong Momentum score, Generac Holdings receives lower scores in other areas such as Dividend and Growth. This may indicate that the company is not focusing as much on distributing dividends to shareholders or expanding its operations. However, with moderate scores in Value and Resilience, Generac Holdings seems to be in a stable position for the long term, able to withstand market fluctuations and deliver value to investors.

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.
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