George Gianarikas, an analyst from Canaccord Genuity, maintained the Buy rating on Generac Holdings (GNRC – Research Report). The associated price target remains the same with $200.00.
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George Gianarikas has given his Buy rating due to a combination of factors that highlight Generac Holdings’ strong market position and growth potential. The company has demonstrated secular growth with a commanding 70% share in its core home standby generator market, supported by a robust commercial and industrial segment. Additionally, Generac’s clean energy business presents optionality for further expansion, offering promising prospects with emerging new products.
Moreover, Gianarikas maintains a price target of $200 based on a 20x multiple of the estimated 2026 non-GAAP EPS, which he considers conservative given Generac’s potential to outpace its peers in revenue and EPS growth over the next few years. The company’s ability to rapidly respond to high demand, especially in residential products due to increased power outages, underscores its strong execution and positions it well for future success. These factors collectively contribute to a compelling investment case for Generac Holdings.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $175.00 price target.
GNRC’s price has also changed slightly for the past six months – from $143.220 to $152.450, which is a 6.44% increase.