As previously reported, Janney Montgomery Scott upgraded Generac (GNRC) to Buy from Neutral with a $140 fair value estimate. The firm thinks negative sentiment has peaked with Chinese tariffs, the clean energy selloff and consumer-related concerns having driven a roughly 40% decline in the share price since mid-November of 2024, the analyst tells investors. The firm, which sees potential catalysts that include a tariff resolution, new data center products, new energy technology products, supply chain optimization and storm optionality, thinks the current share price “represents an attractive entry point,” the analyst added.
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Read More on GNRC:
- Generac upgraded to Buy from Neutral at Janney Montgomery Scott
- Generac price target lowered to $140 from $180 at Argus
- Generac price target lowered to $175 from $200 at Truist
- Generac Holdings: Strong Q1 Performance and Strategic Resilience Justify Buy Rating
- Generac price target lowered to $155 from $173 at TD Cowen
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