Generac Holdings Inc.’s stock price soars to $153.94, marking a robust 3.70% increase

Generac Holdings Inc. (GNRC)

153.94 USD +5.49 (+3.70%) Volume: 1.49M

Generac Holdings Inc.’s stock price stands solid at 153.94 USD, marking a promising +3.70% increase in this trading session with a substantial trading volume of 1.49M. The stock continues its impressive performance with a Year-To-Date (YTD) percentage change of +19.11%, reinforcing GNRC as a lucrative investment opportunity in 2021.

Latest developments on Generac Holdings Inc.

Generac Holdings Inc. (NYSE:GNRC) has been making headlines recently with key events leading up to today’s stock price movements. The company hit an 80-plus relative strength rating benchmark, signaling strength in the market. Additionally, Generac expanded its energy storage solutions by acquiring PowerPlay, showcasing its commitment to growth and innovation. Despite uncertainties surrounding its fundamentals, Generac Holdings saw significant share purchases by DAVENPORT & Co LLC and Private Advisor Group LLC, while Janney Montgomery Scott LLC sold shares. The company’s Q4 earnings and revenues exceeded estimates, leading to a surge in its stock price. With Chevy Chase Trust Holdings LLC and Wealth Enhancement Advisory Services LLC also making moves, investors are closely watching to see what lies ahead for Generac Holdings.

Generac Holdings Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely following Generac Holdings and their expansion in energy technology and storage solutions. In a recent research report titled “Generac Holdings: What Is The Story Of Their Expansion in Energy Technology and Storage Solutions? – Major Drivers”, Baptista Research highlighted the mixed performance of Generac Holdings in the first quarter of 2024. While the Home Standby Generator segment showed strength and operational improvements were noted, declines in global portable generators and domestic energy storage markets had a negative impact on revenue. Despite these challenges, Generac’s efforts in expanding dealer and installer networks, as well as investments in traditional and emerging product lines, have solidified its market leadership and positioned it 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 in Momentum, indicating strong performance in this area. This suggests that Generac Holdings is experiencing positive trends and may continue to do well in the future.

On the other hand, the company scores lower in Dividend and Growth, suggesting that these aspects may not be as strong. However, with moderate scores in Value and Resilience, Generac Holdings still shows stability and potential for long-term success in the industry.

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