Generac Holdings Inc.’s Stock Price Takes a Dip to $136.16, Marking a 4.58% Decrease

Generac Holdings Inc. (GNRC)

136.16 USD -6.54 (-4.58%) Volume: 1.03M

Generac Holdings Inc.’s stock price currently stands at 136.16 USD, experiencing a decrease of -4.58% this trading session, with a trading volume of 1.03M. Despite this, Generac’s stock has shown resilience with a YTD increase of +5.35%, highlighting its promising investment potential.

Latest developments on Generac Holdings Inc.

Generac Holdings Inc. (NYSE:GNRC) has experienced notable stock price movements today following key events in the market. Bayesian Capital Management LP purchased 25,900 shares of Generac Holdings, while Coatue Management LLC sold 324,911 shares. Additionally, Cibc World Markets Corp acquired 2,755 shares, LM Advisors LLC bought 14,533 shares, and Tower Research Capital LLC TRC acquired shares as well. Janney Montgomery Scott lowered Generac to Neutral, and TD Asset Management Inc sold 4,789 shares. Analysts are also discussing whether Generac Holdings can maintain its earnings surprise streak. These activities have contributed to the fluctuations in Generac Holdings stock price today.

Generac Holdings Inc. on Smartkarma

Generac Holdings has been under the analyst coverage on Smartkarma, with Baptista Research providing insights on the company’s expansion in energy technology and storage solutions. According to the research report, Generac Holdings showed a mixed performance in the first quarter of 2024. While the Home Standby Generator segment and operational improvements were strengths for the company, declines in global portable generators and domestic energy storage markets impacted revenue. Despite these challenges, Generac’s efforts to expand its 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 has a moderate outlook for value and resilience, scoring 3 out of 5 in both categories. This suggests that Generac Holdings is fairly stable and offers decent value to investors. However, the company scores lower in dividend and growth, with scores of 1 and 2 respectively. This indicates that Generac Holdings may not be the best choice for investors looking for high dividend payouts or significant growth potential.

On a more positive note, Generac Holdings scores a high 5 out of 5 in momentum, indicating strong performance and positive market sentiment. This suggests that the company is currently experiencing a good amount of upward momentum in terms of stock price and investor interest. Overall, while Generac Holdings may not be the top choice for dividend or growth investors, its strong momentum score could make it an attractive option for those looking for a stable investment with potential for future growth.

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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