Truist Financial Keeps Their Buy Rating on Generac Holdings (GNRC)

Truist Financial analyst Jordan Levy reiterated a Buy rating on Generac Holdings (GNRC – Research Report) today and set a price target of $160.00. The company’s shares closed yesterday at $137.18.

Levy covers the Technology sector, focusing on stocks such as SunPower, Sunrun, and Sunnova Energy International. According to TipRanks, Levy has an average return of -19.0% and a 26.85% success rate on recommended stocks.

In addition to Truist Financial, Generac Holdings also received a Buy from Piper Sandler’s Kashy Harrison in a report issued on April 22. However, on April 23, Roth MKM maintained a Hold rating on Generac Holdings (NYSE: GNRC).

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.