Key Points
- Generac insider Norman Taffe sold 150 shares at an average price of $229.50, totaling $34,425. The transaction occurred under a pre-arranged Rule 10b5-1 plan, and he retained 11,276 shares.
- Generac secured a long-term agreement to supply backup generators to Amazon Web Services, with approximately $2.4 billion in expected deliveries for 2027–2028 and potential contract value of up to $8 billion through 2033.
- The company’s latest quarterly results exceeded expectations, with EPS of $2.91 versus the $2.01 consensus estimate, while analysts maintained a broadly bullish outlook and a consensus price target of $295.40.
Generac Holdings Inc. (NYSE:GNRC - Get Free Report) insider Norman Taffe sold 150 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 transaction of $34,425.00. Following the transaction, the insider owned 11,276 shares of the company's stock, valued at $2,587,842. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Generac Price Performance
Shares of GNRC opened at $208.18 on Friday. The business's 50-day moving average is $202.55 and its two-hundred day moving average is $226.45. The company has a market capitalization of $12.28 billion, a P/E ratio of 47.97, a P/E/G ratio of 1.77 and a beta of 1.91. 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 Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The company's revenue for the quarter was up 10.3% on a year-over-year basis. Research analysts predict that Generac Holdings Inc. will post 9.78 earnings per share for the current year.
Trending Headlines about 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.
Analyst Ratings Changes
Several equities research analysts have commented on GNRC shares. Zacks Research upgraded Generac from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Robert W. Baird set a $305.00 target price on shares of Generac in a research note on Thursday, July 30th. Canaccord Genuity Group increased their price target on shares of Generac from $275.00 to $375.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James Financial set a $286.00 price target on shares of Generac in a research report on Thursday. Finally, Weiss Ratings raised shares of 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 issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $295.40.
Read Our Latest Stock Report on GNRC
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GNRC. BlackRock Inc. purchased a new position in Generac in the second quarter worth approximately $1,170,960,000. Geode Capital Management LLC raised its holdings in Generac by 0.4% in 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 buying an additional 6,332 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Generac by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company's stock valued at $202,849,000 after buying an additional 86,863 shares during the last quarter. Bank of America Corp DE lifted its position in Generac by 19.7% in the first quarter. Bank of America Corp DE now owns 742,576 shares of the technology company's stock valued at $145,047,000 after buying an additional 122,101 shares during the last quarter. Finally, Diamant Asset Management Inc. boosted its stake in Generac by 19,433.0% during the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company's stock worth $130,104,000 after buying an additional 662,665 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.
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.
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