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Generac price target lowered to $175 from $200 at Truist

Truist analyst Jordan Levy lowered the firm’s price target on Generac (GNRC) to $175 from $200 and keeps a Buy rating on the shares. Against the rapidly evolving tariff backdrop, Generac took more of a “wait and see” approach to its FY25 outlook, taking down the low-end of its guidance range to account for tariff-related margin impacts alongside demand hits resulting from incremental price increases, the firm says. While a more conservative outlook on HSB sales causes Truist to reduce its estimates, the firm notes the company continues to perform well as exhibited by its strong Q1 results. Further, Truist remains optimistic on the rollout of Generac’s large MW diesel genset offering, with order books recently opening up and first shipments to international data centers expected later this year.

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