Generac (NYSE:GNRC) Price Target Raised to $375.00

Generac (NYSE:GNRC) had its target price lifted by Canaccord Genuity Group from $275.00 to $375.00 in a research note published on Thursday morning, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the technology company’s stock.

GNRC has been the subject of a number of other research reports. Roth Capital set a $214.00 price objective on shares of Generac in a research report on Thursday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $333.00 target price on shares of Generac in a research report on Wednesday. Stifel Nicolaus lifted their price objective on Generac from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $283.00 price objective on shares of Generac in a research note on Thursday. Finally, Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $295.40.

Generac Stock Up 0.5%

Shares of GNRC opened at $208.18 on Thursday. The company’s 50-day moving average price is $202.55 and its 200 day moving average price is $226.45. Generac has a 12-month low of $134.80 and a 12-month high of $296.44. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The firm has a market cap of $12.28 billion, a P/E ratio of 47.97, a price-to-earnings-growth ratio of 1.77 and a beta of 1.91.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $1.65 earnings per share. Generac’s revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts forecast that Generac will post 9.74 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, insider Kyle Raabe sold 603 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $229.50, for a total value of $138,388.50. Following the completion of the transaction, the insider owned 10,356 shares in the company, valued at $2,376,702. The trade was a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total value of $974,450.00. Following the sale, the chief executive officer directly owned 554,528 shares in the company, valued at $108,071,961.92. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,839 shares of company stock valued at $2,519,973 in the last 90 days. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Generac

Institutional investors and hedge funds have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC acquired a new stake in Generac in the second quarter valued at approximately $25,000. Avalon Trust Co acquired a new position in Generac during the 1st quarter worth approximately $32,000. Essential Partners LLC grew its holdings in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Generac in the 1st quarter valued at approximately $36,000. Finally, Root Financial Partners LLC increased its position in shares of Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac News Roundup

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.

Generac Company Profile

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.