GNRC - Generac Holdings Inc.
95.70 +0.93 (0.98%)
After hours: 6:25PM EST
| Previous Close | 94.28 |
| Open | 94.71 |
| Bid | 94.82 x 800 |
| Ask | 94.80 x 800 |
| Day's Range | 94.19 - 94.99 |
| 52 Week Range | 45.43 - 98.37 |
| Volume | 349,620 |
| Avg. Volume | 778,309 |
| Market Cap | 5.927B |
| Beta (3Y Monthly) | 1.16 |
| PE Ratio (TTM) | 23.00 |
| EPS (TTM) | 4.12 |
| Earnings Date | Feb 12, 2020 - Feb 17, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2013-06-10 |
| 1y Target Est | 104.00 |
- Yahoo Finance Video
Generac earnings beat amid blackouts, wildfires in California
Shares of generator company Generac are rising, after beating earnings expectations. Yahoo Finance’s Akiko Fujita and Ines Ferre discuss the quarterly results, along with the surging demand for generators, on The Ticker.
- Yahoo Finance Video
Generac CEO on CA wildfires as residents lose power
Yahoo Finance’s Zack Guzman, Brian Cheung, and former GE Vice Chair Beth Comstock discuss the California wildfires and how demanding is booming for backup generators with Generac CEO Aaron Jagdfeld.
- Zacks
Generac Holdings (GNRC): Strong Industry, Solid Earnings Estimate Revisions
Generac Holdings (GNRC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- GuruFocus.com
Chuck Royce's Firm Saws Another Chunk Off of L.S. Starrett
Small-cap specialist further trims position in tool manufacturer Continue reading...
- Financial Times
Central bankers are not climatologists
The debate over the role of central banks and regulators is heating up as fast as a California forest. On one side is an array of climate activists in the institutions, in particular the Banque de France, Bank of England governor Mark Carney, IMF managing director Kristalina Georgieva and many green consultancies and academics. Up to now they have had the more assertive public presence and have dominated the green finance narrative.
- Zacks
Generac Holdings (GNRC) Is Up 1.2% in One Week: What You Should Know
Does Generac Holdings (GNRC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- Yahoo Finance
Solar power interest is surging after California blackouts, CEO says
The wildfires raging in California and ensuing power outages are creating new demand for solar energy alternatives, as many residents are aiming to become less reliant on the state's power grid.
- Thomson Reuters StreetEvents
Edited Transcript of GNRC earnings conference call or presentation 31-Oct-19 1:00pm GMT
Q3 2019 Generac Holdings Inc Earnings Call
- Investopedia
Generac Shares Are Charging With Big Buy Signals
As the fires in California rage, the need for generators is high, and the rush for Generac shares appears to be in motion.
- Simply Wall St.
What Does Generac Holdings Inc.'s (NYSE:GNRC) P/E Ratio Tell You?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Investor's Business Daily
Estee Lauder, Generac, Tempur Sealy, Yeti Lead Key Earnings Reports
Estee Lauder were among several key earnings reports early Thursday, along with Generac, Tempur Sealy, Top Build, Yeti Holdings and more.
- Zacks
Generac Holdings (GNRC) Beats Q3 Earnings and Revenue Estimates
Generac Holdings (GNRC) delivered earnings and revenue surprises of 8.33% and 3.93%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
Generac Reports Record Quarterly Results
WAUKESHA, Wis., Oct. 31, 2019 -- Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy solutions and other power.
- Yahoo Finance
Generac: CA wildfires creating 'incredible demand' for our generators
A leading manufacturer of backup generator products is seeing a huge boost in demand, with California roiled by blackouts imposed by Pacific Gas and Electric (PCG).
- Bloomberg
‘Decade of Darkness’ for California Spurs Generator Windfall
(Bloomberg) -- A “decade of darkness” in California is offering a huge opportunity for the sale of generators that keep the lights on when the power grid goes down.That’s the view of Aaron Jagdfeld, chief executive officer of Generac Holdings Inc., the Wisconsin-based maker of generators. Jagdfeld cited a comment by PG&E Corp.’s CEO earlier this month that it could take ten years to shore up its grid enough to ratchet down the power shutoffs it’s using to reduce the chances its equipment will ignite wildfires during a wind storm.The bottom line for Generac: $100 million to $200 million of annual revenue, perhaps as soon as 2022, Jagdfeld said in an interview Friday in New York. While California, with its generally mild climate, wasn’t a big market for Generac in the past, the company is now gearing up a sales force and a marketing push to make it one in the future.“It is a situation where we see a long-term upside for building awareness for our products,” Jagdfeld said. Generac expects California will get about $1 million of the $10 million spent this year on infomercials, he said, and will open an office in Sacramento for training, inventory and retail next year.Generac’s shares hit an all-time high Monday. The company was up 4.3% to $94.58 at 12:28 p.m. in New York.There are some issues, he said. The state’s tough regulatory profile, for instance, means that some of Generac’s present equipment may not meet environmental guidelines.The company, which expects about $2 billion in revenue this year, works with about 6,000 electricians nationwide, Jagdfeld said. At the start of the year, there were only 100 in California. Now that number has risen to 250, he said, and the company is adding about 30 new ones a month.“The interest level in California has been pretty material,” said Stanley Elliott, an analyst at Stifel Nicolaus & Co. “You are going to continue to have these rolling brownouts.”In addition to the push into California, Jagdfeld said the company’s recent acquisitions of Pika Energy Inc. and Neurio Technology Inc. may have helped drive up the company’s stock. Since May 1, Generac’s shares have risen 65% to $90.71 per share. One company makes products that let consumers monitor the power they use, the other allows homeowners to direct power from their solar arrays.While they aren’t included in Jagdfeld’s $100 million to $200 million goal for revenue in California, they represent “a nice, natural fit into our existing product lines, that we could start to forge a position in the home, in the utility panel,” Jagdfeld said.(Updates with shares in the fifth paragraph)\--With assistance from Mark Chediak.To contact the reporters on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net;Nic Querolo in New York at jquerolo1@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Reg Gale, Will WadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Generac invests in Canadian software firm serving renewable energy industry
Waukesha-based generator manufacturer Generac Holdings Inc. continues its push into the clean energy solutions market with investment in Quebec-based Sofdesk Inc.
- PR Newswire
Sofdesk raises $5.7M to fuel growth & solidify its leadership in North America
MONTREAL, Oct. 24, 2019 /PRNewswire/ - Sofdesk Inc., the Montreal based solar & roofing business accelerator just secured a $5.7M investment lead by Generac Holdings Inc. (GNRC) ("Generac"), a leading global designer and manufacturer of energy solutions and other power products. EnerTech, BDC Capital, Desjardins Capital also joined in the company's second round of funding. The investment will help Sofdesk to keep scaling their A.I. portfolio as well as spread their solar and roofing license offering to a larger pool of contractors, lenders and manufacturers.
- GlobeNewswire
Generac invests a minority equity interest in Sofdesk
Generac Holdings Inc. (GNRC) (“Generac”), a leading global designer and manufacturer of energy solutions and other power products, today announced an investment that bolsters its move into the energy storage market. Generac served as the lead investor in a $4.3M Series B funding round for Sofdesk Inc., a Canadian software company offering sales acceleration tools for multiple markets including solar and roofing. In addition to taking a minority interest in Sofdesk, Generac and Sofdesk entered into an exclusive commercial agreement to collaborate and develop a new online software tool, PowerPlay CE, designed specifically for Generac’s Clean Energy aligned contractors.
- Zacks
Analysts Estimate Generac Holdings (GNRC) to Report a Decline in Earnings: What to Look Out for
Generac Holdings (GNRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Bloomberg
California Starting Another Mass Blackout to Avoid Wildfires
(Bloomberg) -- Parts of California will go dark Wednesday afternoon in a mass blackout that could eventually leave more than a million people without power. And more shutoffs could come over the weekend.PG&E Corp. will begin cutting power to 179,000 customers in 17 northern and central California counties on Wednesday afternoon in an attempt to keep its power lines from sparking wildfires amid hot, dry winds. In Southern California, Edison International is warning that it may cut service to another 308,000, and Sempra Energy is considering a shutoff in the San Diego area. In all, about 1.5 million people may be affected.The threat of widespread shutoffs is hitting just two weeks after PG&E carried out the biggest planned blackout in California history, plunging about 2 million people into darkness, knocking out traffic lights and forcing businesses to shut. The outages have ignited a debate over how far California and its utilities are willing to go to avoid catastrophic fires.PG&E’s cutoffs are scheduled to start around 2 p.m. in the Sierra Foothills, and they are expected to spread into other areas through early Thursday. The worst of the winds are forecast to slow by noon Thursday. Meanwhile, high winds could return over the weekend, and into next week, according to the National Weather Service. PG&E has warned that there’s an “elevated risk” of shutoffs in eight of of its nine geographical zones starting Sunday. It said that storm may prove even bigger and stronger. “A small shift in the track will make a big difference,” said Spencer Tangen, a weather service meteorologist in Monterey, California. “There is a pretty high threat Saturday night into Sunday and possibly Sunday night into Monday and it is looking like they could be stronger than what we are seeing with this current one.”The threat of wildfires was listed as critical across the state Wednesday with dry winds set to “ramp up considerably” with Thursday forecast to be the worse day for storms across Southern California, the weather service said.Edison didn’t say when it may decide on a shutoff Wednesday.The blackout had one entirely predictable effect: Generac Holdings Inc., which provides back-up generators and saw a spike in demand during the last California blackout, rising as much as 3.7% to a record $90.26.Other businesses were affected more negatively: Pipeline giant Kinder Morgan Inc. said it’s halting flows on a major fuel line between California and Nevada because of the cuts. The segment will restart when power returns, the Houston-based company said.The state’s largest power company has been taking more extreme measures to prevent fires since its equipment was identified as the cause of blazes that devastated California in 2017 and 2018. That saddled the utility with an estimated $30 billion in liabilities, forcing it into bankruptcy.The Camp Fire in November 2018, which killed 86 people and destroyed an entire town, was among the tragedies sparked by power lines.Once the storm is over, the utility will have to inspect and repair lines before restoring service. It has a goal of returning power to the vast majority of customers within 48 hours of the weather passing -- potentially just in time for another wind storm to hit.Early next week, winds are expected to restrengthen after a relatively mundane weekend as a new front rushes in, according to Bob Oravec, a senior branch forecaster at the U.S. Weather Prediction Center in College Park, Maryland. “The threat is going to be there,” Oravec said.Meanwhile, PG&E Chief Executive Officer Bill Johnson said late Tuesday that he didn’t want to get too far ahead “when we’ve got tomorrow to think about.”The blackout threat has spurred a debate between California Governor Gavin Newsom and the utility over who should make the call on shutoffs. In a letter to Newsom last week, PG&E Chief Executive Officer Bill Johnson said California should discuss the idea of a state agency deciding when to carry out widespread outages.Late Tuesday, Newsom shot down the idea, saying transferring control of the decision-making would be a “bailout” for PG&E.The PG&E blackout that struck earlier this month drew outrage from residents and state officials who accused the utility of cutting service to more customers than necessary and failing to properly communicate its plans.(Adds Edison estimate in second paragraph and Generac shares in eighth paragraph)\--With assistance from Robert Tuttle.To contact the reporters on this story: Mark Chediak in San Francisco at mchediak@bloomberg.net;David R. Baker in San Francisco at dbaker116@bloomberg.net;Brian K. Sullivan in Boston at bsullivan10@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Reg Gale, Lynn DoanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Insider Monkey
Hedge Funds Have Never Been This Bullish On Generac Holdings Inc. (GNRC)
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as […]
- GlobeNewswire
Generac Announces Third Quarter 2019 Earnings Release Date and Conference Call
WAUKESHA, Wis., Oct. 17, 2019 -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer and manufacturer of energy solutions and other power products, today.
- Simply Wall St.
How Much Did Generac Holdings Inc.'s (NYSE:GNRC) CEO Pocket Last Year?
Aaron Jagdfeld became the CEO of Generac Holdings Inc. (NYSE:GNRC) in 2008. First, this article will compare CEO...
- Barrons.com
The Power Is Off in California. Generac Stock Is Soaring.
The fire-prone weather prompted (PCG) which filed for bankruptcy in January to manage the staggering costs of wildfires caused by its equipment, to pull the plug on 750,000 central and northern California customers. The news of outages sparked a rally in shares of (GNRC) which rallied nearly 10% on Wednesday, while the S&P 500 index was up 1.1%. Generac estimates that it sells more than 75% of U.S. residential backup generators, and 25% to 30% of portable generators.
- American City Business Journals
Wisconsin generator manufacturers see growth in California market with preemptive power shutoffs
With the preemptive California power shutoff affecting a reported 800,000 people, Wisconsin generator manufacturers are preparing for increased productivity out west.
