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why is generac stock down today

by Prof. Lila Heidenreich Published 3 years ago Updated 2 years ago
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Is Generac holdings (GNRC) stock worth $348?

Apr 14, 2022 · finance.yahoo.com - April 11 at 8:10 AM. Generac’s 2 Strong Energy Businesses and Upgraded Rating Make It a Buy. investorplace.com - April 11 at 7:09 AM. $1.92 EPS Expected for Generac Holdings Inc. (NYSE:GNRC) This Quarter. americanbankingnews.com - April 7 at 12:44 AM. Generac (NYSE:GNRC) Shares Gap Up to $315.43.

Is Generac a good stock to buy?

Generac Holdings (GNRC) closed at $296.96 in the latest trading session, marking a -1.04% move from the prior day. Benzinga Goldman Sachs Turns Bullish On Generac; Upgrades Clean …

What is the upside for Generac's stock?

Apr 02, 2022 · Generac's stock was trading at $102.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GNRC shares have increased by 181.6% and is now trading at $287.41.

What does Generac Holdings Inc (GNAC) do?

Jul 28, 2021 · The stock recovered some, however, and shares were down about 7% as of 11:45 a.m. EDT on Wednesday. So what Generac exceeded analyst estimates with sales of $920 million, which was 68% above the ...

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Is Generac a good stock to buy now?

Generac has received a consensus rating of Buy.

Why is Generac dropping?

The gross profit margin declined as a result of higher input costs related to logistics, labor, raw materials together with escalating plant start-up costs. Total operating expenses were $162.4 million compared with $120.5 million in the prior-year quarter.Dec 2, 2021

Is Generac overvalued?

Overall, Generac Holdings (NYSE:GNRC, 30-year Financials) stock is estimated to be significantly overvalued. The company's financial condition is fair and its profitability is strong. Its growth ranks better than 80% of the companies in Industrial Products industry.Apr 9, 2021

Is GNRC a good stock?

Goldman Sachs is very positive about GNRC and gave it a "" rating on Apr 05, 2022. The price target was set to 316.01+0.18. Over the last 30 days, this security got 1 buy, 0 sell, and 0 hold ratings.

Does generac stock pay a dividend?

GNRCGenerac Holdings Inc. GNRC does not currently pay a dividend.

How do I buy Generac stock?

How to buy shares in GeneracCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.

When did generac go public?

February 11, 2010The shares began trading on The New York Stock Exchange on February 11, 2010 under the ticker symbol "GNRC." In addition, Generac Holdings Inc. has granted the underwriters a 30-day option to purchase up to an additional 2,812,500 shares at the initial public offering price.

Is Gnrc a buy or sell?

Out of 13 analysts, 10 (76.92%) are recommending GNRC as a Strong Buy, 2 (15.38%) are recommending GNRC as a Buy, 1 (7.69%) are recommending GNRC as a Hold, 0 (0%) are recommending GNRC as a Sell, and 0 (0%) are recommending GNRC as a Strong Sell. What is GNRC's earnings growth forecast for 2022-2024?

Who are generac competitors?

Generac Power Systems competitors include Kohler, Terex, MTD Products, Cummins Inc. and Briggs & Stratton Corporation.

Is Generac a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Generac in the last year. There are currently 1 hold rating and 15 buy ra...

How has Generac's stock price been impacted by COVID-19?

Generac's stock was trading at $102.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since...

Are investors shorting Generac?

Generac saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 1,680,000 shares, an...

When is Generac's next earnings date?

Generac is scheduled to release its next quarterly earnings announcement on Thursday, May 5th 2022. View our earnings forecast for Generac .

How were Generac's earnings last quarter?

Generac Holdings Inc. (NYSE:GNRC) issued its earnings results on Tuesday, February, 15th. The technology company reported $2.51 EPS for the quarter...

What guidance has Generac issued on next quarter's earnings?

Generac updated its FY 2022 earnings guidance on Wednesday, March, 2nd. The company provided EPS guidance of for the period. The company issued rev...

What price target have analysts set for GNRC?

16 equities research analysts have issued 12-month price objectives for Generac's shares. Their forecasts range from $380.00 to $556.00. On average...

Who are Generac's key executives?

Generac's management team includes the following people: Aaron Paul Jagdfeld , Chairman, President & Chief Executive Officer ( LinkedIn Profile...

What is Aaron Jagdfeld's approval rating as Generac's CEO?

214 employees have rated Generac CEO Aaron Jagdfeld on Glassdoor.com . Aaron Jagdfeld has an approval rating of 60% among Generac's employees. Thi...

Generac (GNRC) Acquires Apricity Code & Off Grid Energy

Generac (GNRC) Boosts Energy Offerings With Smart Grid Ready

Generac (GNRC) acquires Apricity Code and Off Grid Energy Ltd for undisclosed amounts.

Top Industrial Stocks for September 2021

The integration allows Generac's (GNRC) customers to make contributions to grid reliability and sustainability.

Generac To Offer Smart Grid Ready Capabilities Through Enbala Concerto Platform

These are the industrial stocks with the best value, fastest growth, and most momentum for September 2021.

Best Stocks to Buy Now September 2021

Generac Holdings Inc's (NYSE: GNRC) Smart Grid Ready capabilities are offered through the Enbala Concerto platform. Generac's line of home standby generators, commercial and industrial generators, and PWRcell solar + battery storage systems are being manufactured and offered as Smart Grid Ready.

The total return for Generac Holdings (NYSE:GNRC) investors has risen faster than earnings growth over the last five years

Outliers are the stocks that outperform the rest of the market for 100 years. They simply trounce the big averages because they possess great fundamentals and attract Big Money players.

5 Stocks Leading the Rally in S&P 500 ETF

Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are...

Is Generac a buy right now?

The S&P 500 Index has been hitting a series of record highs, braving a myriad of hurdles.

What stocks does MarketBeat like better than Generac?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Generac in the last year. There are currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Generac stock.#N#View analyst ratings for Generac or view top-rated stocks.

Are investors shorting Generac?

Wall Street analysts have given Generac a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Generac wasn't one of them.

When is Generac's next earnings date?

Generac saw a decline in short interest in August. As of August 13th, there was short interest totaling 927,200 shares, a decline of 19.4% from the July 29th total of 1,150,000 shares. Based on an average daily volume of 774,400 shares, the short-interest ratio is currently 1.2 days.

How were Generac's earnings last quarter?

Generac is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.#N#View our earnings forecast for Generac.

How has Generac's stock price been impacted by COVID-19?

Generac Holdings Inc. (NYSE:GNRC) issued its quarterly earnings data on Wednesday, July, 28th. The technology company reported $2.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.35 by $0.04.

What guidance has Generac issued on next quarter's earnings?

Generac's stock was trading at $102.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GNRC stock has increased by 329.8% and is now trading at $438.71.#N#View which stocks have been most impacted by COVID-19.

A solid earnings report wasn't enough to hold the stock at its record high level

Generac issued an update on its FY 2021 earnings guidance on Wednesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.65 billion-$3.73 billion, compared to the consensus revenue estimate of $3.60 billion.

What happened

Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.

So what

Leading home backup-generator manufacturer Generac Holdings ( NYSE:GNRC) reported its second-quarter 2021 results today, and there were several areas of good news. But investors still sold off the stock this morning, with shares down as much as 13% early in the session.

Now what

Generac exceeded analyst estimates with sales of $920 million, which was 68% above the prior-year period. Earnings were also above expectations with adjusted net income of $2.39 per share versus $2.35, according to Zack's consensus estimate.

What happened

CEO Aaron Jagdfeld said in a statement, "Shipments of home standby generators were almost double compared to the prior year due to incredible demand for these products and our successful capacity-expansion efforts." He also noted that the popularity of the company's battery storage system that uses solar energy continues to accelerate.

So what

Leading home backup-generator manufacturer Generac Holdings (NYSE: GNRC) reported its second-quarter 2021 results today, and there were several areas of good news. But investors still sold off the stock this morning, with shares down as much as 13% early in the session.

Now what

Generac exceeded analyst estimates with sales of $920 million, which was 68% above the prior-year period. Earnings were also above expectations with adjusted net income of $2.39 per share versus $2.35, according to Zack's consensus estimate.

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