Generac (NYSE:GNRC) Price Target Raised to $265.00

by · The Markets Daily

Generac (NYSE:GNRC – Free Report) had its price objective boosted by JPMorgan Chase & Co. from $261.00 to $265.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other brokerages also recently weighed in on GNRC. Wells Fargo & Company set a $280.00 price objective on shares of Generac in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $283.00 target price on shares of Generac in a research report on Thursday. Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. DA Davidson set a $333.00 price target on shares of Generac in a research report on Thursday, July 30th. Finally, Stifel Nicolaus upped their price objective on shares of Generac from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $295.40.

View Our Latest Report on Generac

Generac Price Performance

Shares of NYSE GNRC opened at $208.18 on Friday. The stock’s 50-day simple moving average is $202.55 and its 200-day simple moving average is $226.43. The firm has a market capitalization of $12.28 billion, a PE ratio of 47.97, a price-to-earnings-growth ratio of 1.78 and a beta of 1.91. Generac has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04.

Generac (NYSE:GNRC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 earnings per share. As a group, equities research analysts forecast that Generac will post 9.74 EPS for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $182.21, for a total value of $911,050.00. Following the completion of the sale, the chief executive officer owned 549,528 shares in the company, valued at $100,129,496.88. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $229.50, for a total transaction of $138,388.50. Following the sale, the insider owned 10,356 shares of the company’s stock, valued at approximately $2,376,702. This represents a 5.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,839 shares of company stock valued at $2,519,973. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Generac

A number of institutional investors and hedge funds have recently made changes to their positions in GNRC. BlackRock Inc. purchased a new position in shares of Generac during the second quarter worth about $1,170,960,000. Geode Capital Management LLC raised its stake in Generac by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock valued at $202,943,000 after acquiring an additional 6,332 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Generac by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company’s stock valued at $202,849,000 after acquiring an additional 86,863 shares during the last quarter. Bank of America Corp DE lifted its position in Generac by 19.7% during the 1st quarter. Bank of America Corp DE now owns 742,576 shares of the technology company’s stock worth $145,047,000 after acquiring an additional 122,101 shares during the period. Finally, Diamant Asset Management Inc. lifted its position in Generac by 19,433.0% during the 1st quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock worth $130,104,000 after acquiring an additional 662,665 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Generac

Here are the key news stories impacting Generac this week:

  • Positive Sentiment: Generac signed a long-term agreement to supply backup generators for Amazon Web Services data centers. Initial deliveries are expected to total approximately $2.4 billion in 2027 and 2028, while the broader agreement could reach $8 billion through 2033. The contract gives Generac greater revenue visibility and expands its position in the rapidly growing data-center power market. Reuters article
  • Positive Sentiment: The Amazon relationship could diversify Generac beyond seasonal residential generator demand. Analysts view the deal as evidence that the company can benefit from the power shortages and grid-connection delays affecting AI and hyperscale data-center construction. Amazon also received warrants to purchase up to roughly 1.69 million Generac shares, aligning its interests with the supplier. Generac Amazon deal article
  • Positive Sentiment: Wall Street became more bullish following the announcement. JPMorgan raised its price target to $265 while maintaining an overweight rating; Canaccord lifted its target to $375 and kept a buy rating; and Stephens reaffirmed its overweight rating with a $335 target. A Seeking Alpha analysis also upgraded Generac to buy, citing a $1.6 billion data-center backlog and potential multi-year AI-related growth. Seeking Alpha analysis
  • Neutral Sentiment: Two insiders, Kyle Raabe and Norman Taffe, sold shares worth approximately $138,000 and $34,000, respectively. Both transactions were executed under pre-arranged Rule 10b5-1 trading plans, and the executives retained substantial holdings, reducing the significance of the sales as a bearish signal. Investors should nevertheless monitor potential dilution from Amazon’s warrants and execution risks as Generac expands production.

About Generac

(Get Free Report)

Generac Holdings Inc is an energy technology company that designs and manufactures power generation and energy management products. Its portfolio includes residential standby generators, portable generators, commercial and industrial generator systems, and related transfer switches, controls and monitoring technologies.

The company also offers clean energy and electrification solutions, including battery energy storage systems, solar-related products, electric vehicle chargers and load-management technologies.

Read More