George Gianarikas, an analyst from Canaccord Genuity, maintained the Buy rating on Generac Holdings (GNRC – Research Report). The associated price target was lowered to $180.00.
George Gianarikas has given his Buy rating due to a combination of factors that highlight Generac Holdings’ potential for resilience and growth. Despite a slight downward adjustment in guidance due to economic uncertainties and tariff considerations, Generac has demonstrated strong financial performance. The company’s recent quarterly results exceeded expectations, with notable growth in residential product sales and improved gross margins.
Generac’s strategic positioning in the market, with a significant share in its core home standby generator market and a promising clean energy segment, supports the Buy rating. The company’s ability to capitalize on grid resiliency concerns, as evidenced by recent outages, further underscores its growth potential. Additionally, Generac’s strong franchise and new product offerings in commercial and industrial sectors, including data centers, provide a solid foundation for future expansion.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $155.00 price target.