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Why Generac Holdings Stock Tumbled by Almost 4% Today

Why Generac Holdings Stock Tumbled by Almost 4% Today

Energy technology solutions company Generac Holdings (NYSE: GNRC) couldn't muster much energy on the stock exchange on Hump Day. Before the market opened, Generac announced that it had obtained a minority stake in privately held Watt Fuel Corp, a company that develops and produces low-emission solid oxide fuel cell systems. Generac did not disclose the financial particulars of this arrangement; it also did not specify how large a stake in Watt it now owns.