Tag: Generac

Stratos Wealth Partners LTD. Sells 1,454 Shares of Generac Holdings Inc. (NYSE:GNRC)

Stratos Wealth Partners LTD. lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) by 36.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,543 shares of the technology company’s stock after selling 1,454 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Generac were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. WealthPLAN Partners LLC bought a new stake in Generac in the 1st quarter valued at $60,000. Exchange Traded Concepts LLC bought a new stake in Generac in the 1st quarter valued at $44,000. Arrow Investment Advisors LLC bought a new stake in Generac in the 4th quarter valued at $207,000. SG Americas Securities LLC increased its holdings in Generac by 93.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,188 shares of the technology company’s stock valued at $1,370,000 after buying an additional 4,437 shares during the period. Finally, Level Four Advisory Services LLC acquired a new stake in shares of Generac in the 1st quarter valued at $247,000. Institutional investors own 87.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on GNRC shares. JPMorgan Chase & Co. boosted their target price on shares of Generac from $169.00 to $189.00 in a research note on Wednesday, July 19th. Citigroup reduced their target price on shares of Generac from $144.00 to $133.00 in a research note on Monday. Bank of America boosted their target price on shares of Generac from $93.00 to $94.00 in a research note on Friday, September 29th. CL King started coverage on shares of Generac in a research note on Monday, July 24th. They issued a “buy” rating and a $178.00 target price on the stock. Finally, Janney Montgomery Scott upgraded shares of Generac from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $142.74.

Read Our Latest Analysis on Generac

Generac Price Performance

NYSE GNRC opened at $101.71 on Thursday. The business has a 50 day simple moving average of $115.29 and a 200 day simple moving average of $118.06. Generac Holdings Inc. has a 52-week low of $86.29 and a 52-week high of $182.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 2.43. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 1.98 and a beta of 1.29.

Generac (NYSE:GNRC – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.08). Generac had a return on equity of 14.23% and a net margin of 4.64%. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $979.51 million. During the same period last year, the company earned $2.99 EPS. The company’s revenue was down 22.5% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 5.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $108.24, for a total transaction of $27,060.00. Following the completion of the transaction, the executive vice president now owns 15,868 shares of the company’s stock, valued at approximately $1,717,552.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $108.24, for a total transaction of $27,060.00. Following the completion of the transaction, the executive vice president now owns 15,868 shares of the company’s stock, valued at approximately $1,717,552.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $108.24, for a total value of $541,200.00. Following the completion of the sale, the chief executive officer now directly owns 597,690 shares of the company’s stock, valued at approximately $64,693,965.60. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock valued at $1,199,468 in the last quarter. 2.80% of the stock is currently owned by insiders.

Generac Company Profile

(Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

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October 5, 2023
Insider Selling: Generac Holdings Inc. (NYSE:GNRC) CEO Sells 5,000 Shares of Stock
Generac Holdings Inc. (NYSE:GNRC – Get Free Report) CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $108.24, for a total transaction of $541,200.00. Following the transaction, the chief executive officer now owns 597,690 shares in the company, valued at approximately $64,693,965.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Aaron Jagdfeld also recently made the following trade(s):
- On Friday, September 1st, Aaron Jagdfeld sold 5,000 shares of Generac stock. The shares were sold at an average price of $120.23, for a total transaction of $601,150.00.
Generac Price Performance

GNRC stock opened at $106.11 on Tuesday. Generac Holdings Inc. has a 12 month low of $86.29 and a 12 month high of $186.70. The company has a current ratio of 2.43, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $117.18 and a 200 day moving average price of $118.25. The stock has a market cap of $6.60 billion, a PE ratio of 44.03, a P/E/G ratio of 2.02 and a beta of 1.29.

Generac (NYSE:GNRC – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.08). The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $979.51 million. Generac had a return on equity of 14.23% and a net margin of 4.64%. Generac’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. Equities research analysts anticipate that Generac Holdings Inc. will post 5.41 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on GNRC. Argus upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Tuesday, July 11th. StockNews.com began coverage on shares of Generac in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Oppenheimer decreased their price objective on shares of Generac from $145.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. The Goldman Sachs Group reduced their price target on shares of Generac from $154.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Finally, Citigroup reduced their price target on shares of Generac from $144.00 to $133.00 in a report on Monday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Generac has an average rating of “Hold” and an average target price of $142.74.

Check Out Our Latest Analysis on GNRC

Institutional Investors Weigh In On Generac

Large investors have recently added to or reduced their stakes in the stock. WealthPLAN Partners LLC purchased a new stake in Generac in the 1st quarter valued at about $60,000. Exchange Traded Concepts LLC purchased a new stake in Generac in the 1st quarter valued at about $44,000. Arrow Investment Advisors LLC purchased a new stake in Generac in the 4th quarter valued at about $207,000. SG Americas Securities LLC boosted its position in Generac by 93.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,188 shares of the technology company’s stock valued at $1,370,000 after buying an additional 4,437 shares during the period. Finally, Level Four Advisory Services LLC purchased a new stake in Generac in the 1st quarter valued at about $247,000. 87.59% of the stock is owned by hedge funds and other institutional investors.

Generac Company Profile

(Get Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

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October 3, 2023
Barron’s Stock Picks Had a Good Week. Tesla and Generac Outperformed.

Tesla shares surged 22% in the past week, making it one of the top performers in a portfolio of stocks recommended by Barron’s.

Eric Thayer/Bloomberg

A portfolio of stocks picked by Barron’s has enjoyed a rally in the past week, as the market anticipates the end of the Federal Reserve’s interest rate hikes. A buoyant performance from the auto industry also juiced the portfolio.

The entire stock market has enjoyed a gain in the past week. The S&P 500 is up about 3% in that span, including a pop in the last couple of days. Wednesday, the Fed announced a small interest rate hike, but markets interpreted Chairman Jerome Powell’s comments to mean that the end of rate increases is coming soon.

The rally has helped the average stock in the Barron’s portfolio post a 3.8% gain in the past week. The measure differs from a value-weighted index like the S&P 500, where stocks with bigger market capitalizations have bigger effects on the index.

Almost three quarters of 86 stocks in the Barron’s portfolio are up in the past week, with some of the winners posting mammoth gains. Top performers include
Generac
(GNRC),
PoolCorp
(POOL) and
Olaplex
(OLPX), which gained 15%, 14% and 19%, respectively in the past week.

Some stocks posted even larger gains.

Tesla
(TSLA) gained 22% since last Thursday’s close. In its fourth quarter of 2022 reported on Jan. 25, sales of $24.3 billion beat expectations for $24 billion, while earnings per share of $1.19 came in above estimates of $1.12. Wall Street is confident that, even with the company lowering prices as consumers feel the pain of higher rates, Tesla can keep boosting sales and profit growth. Analysts expect vehicle deliveries to grow 40% from a year earlier to almost 1.85 million in 2023, better than the 31% growth seen in the reported quarter.

“The key debates from here will be on whether vehicle deliveries can reaccelerate (we expect that they will especially starting in 2Q23),” writes
Goldman Sachs
analyst Mark Delaney.

Barron’s recommended Tesla stock on Jan. 6, arguing that the the worst of the company’s challenges—including delivery growth—are behind it. The stock is up 67% since then.

Lithia Motors
(LAD), a $7 billion by market capitalization auto dealer, has seen its stock rise 23% in the past week. It reports fourth-quarter earnings Feb 15, but the stock has risen as the picture for auto sales has improved. Tesla’s quarterly performance helped, but so did General Motors‘ (GM). The automating giant reported better-than-expected sales and EPS and said on its earnings call that 2023 will be a “strong year,” one in which analysts expect sales growth.

Barron’s recommended Lithia Motors in April 2022, arguing that the stock was cheap and that production constraints that held sales back would soon be a thing of the past. Since then, the stock is up about 4%.

Lucid Group
(LCID), a $20 billion electric vehicle and battery maker, is up 39% since last Thursday. Earnings are Feb. 22, but strong auto trends already have helped. Lucid, too, is expected to lower prices and aggressively grow deliveries. The stock got a pop late in January on speculation that Saudi Arabia’s Public Investment Fund could buy the rest of the company. The fund recently invested $1.5 billion and holds just over 60% of the company.

Unfortunately, Barron’s recommended shorting the stock in November, and it is up 17% since then.

Write to Jacob Sonenshine at jacob.sonenshine@barrons.com

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February 3, 2023
Meteorologist Cheryl Nelson Shares Advice for Weathering a Disaster on TipsOnTV

Press Release
–

Sep 9, 2022

ATLANTA, September 9, 2022 (Newswire.com)
–
This year, the nation has already had 10 major weather disaster events resulting in more than a billion dollars in damage. That is why this National Preparedness Month is more important than ever to remind Americans of the importance of being ready in case of disasters and emergencies. For National Preparedness Month, disaster expert Cheryl Nelson shares key steps to prepare and recover from any disaster.

WHERE TO START WITH AN EMERGENCY PLAN

Plan ahead for natural disasters by protecting irreplaceable family photos with the Epson FastFoto FF-680W, which can scan thousands of photos as fast as one photo per second. Most households have thousands of photos and important family documents stored away, leaving them vulnerable to damage in an event of an emergency. FastFoto makes the daunting task of digitizing these photos and documents quick and easy, allowing for direct upload to the Cloud or external hard drive. For more information, visit epson.com.

IMPORTANT WAY TO PREPARE FOR ANY DISASTER

It is important to make backup power a part of any preparedness plan. Consider large items that require power like refrigerators, light sources or heating elements. Inverter generators, like the IQ3500 from Generac, provide clean, safe power for sensitive electronics. They are more compact, quiet, and energy-efficient than a traditional portable unit, but just like any generator, safe operation is critical. Always use generators outside to protect against carbon monoxide poisoning. For more information, visit www.generac.com.

COMMUNICATION DURING A DISASTER

Staying in touch with loved ones, first responders and utility teams is important. T-Mobile is ready for disasters, and they want everyone else to be too. They are constantly working to make sure their leading 5G network is ready when disasters may hit. Their network team may even bring in portable cell towers and generators, as well as vehicles that have Wi-Fi connectivity, water, charging stations and cords so that people can call their loved ones and let them know they are okay. It is also a good idea to have a portable cell phone charger. For more information, visit www.t-mobile.com.

OTHER TIPS TO SHARE

Clean air in the home has never been more important with wildfires and ragweed season upon us. The Aeris by iRobot aair Lite air purifier makes clean air a reality. Featuring HEPA filtration and a completely sealed design that removes airborne particulates like dust, pet dander, smoke and pollen, it is great for spaces such as bedrooms, smaller living areas and home offices. The aair Lite’s smart technology allows it to clean the air automatically, while also gathering information on the air quality. Wi-Fi connectivity allows it to be controlled directly via the app, and its sleek and compact design fits seamlessly into any home. For more information, visit aeris.irobot.com.

POST / VIDEO

Source: TipsOnTV

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September 9, 2022