Piper Sandler analyst Kashy Harrison maintained a Buy rating on Generac Holdings (GNRC – Research Report) today and set a price target of $150.00. The company’s shares closed last Friday at $117.10.
Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and First Solar. According to TipRanks, Harrison has an average return of -19.0% and a 32.16% success rate on recommended stocks.
Currently, the analyst consensus on Generac Holdings is a Moderate Buy with an average price target of $138.69, which is a 18.44% upside from current levels. In a report released on February 29, Truist Financial also reiterated a Buy rating on the stock with a $160.00 price target.
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Based on Generac Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.06 billion and a net profit of $96.6 million. In comparison, last year the company earned a revenue of $1.05 billion and had a net profit of $71.02 million
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Generac Holdings (GNRC) Company Description:
Generac Holdings, Inc. engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States. The International segment comprises of ottomotors, tower light, pramac, motortech, and selmec businesses. The company was founded in 1959 and is headquartered in Waukesha, WI.
Read More on GNRC:
- Generac names Talal Butt as Chief Information Officer
- A New Cause for Concern: Generac Holdings Adds a New Litigation & Legal Liabilities Risk
- Generac price target lowered to $128 from $130 at Wells Fargo
- Generac price target lowered to $160 from $170 at Northland
- Generac downgraded to Neutral at Guggenheim after Q4 report
