TD Cowen Forecasts Strong Price Appreciation for Generac (NYSE:GNRC) Stock
by Scott Moore · The Cerbat GemGenerac (NYSE:GNRC – Get Free Report) had its target price boosted by analysts at TD Cowen from $255.00 to $285.00 in a report released on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the technology company’s stock. TD Cowen’s price objective would indicate a potential upside of 9.89% from the company’s current price.
Several other research firms also recently weighed in on GNRC. Needham & Company LLC reissued a “buy” rating and set a $277.00 price objective on shares of Generac in a report on Thursday, March 26th. Robert W. Baird set a $292.00 price objective on Generac in a report on Thursday, February 12th. Wells Fargo & Company raised their price objective on Generac from $234.00 to $238.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. Jefferies Financial Group started coverage on Generac in a report on Friday, March 20th. They set a “hold” rating and a $222.00 price objective on the stock. Finally, Citigroup cut their price objective on Generac from $237.00 to $226.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $265.81.
Get Our Latest Research Report on Generac
Generac Trading Up 0.0%
Shares of GNRC stock opened at $259.35 on Thursday. The stock’s fifty day moving average price is $211.52 and its two-hundred day moving average price is $181.70. The company has a market cap of $15.22 billion, a PE ratio of 81.30, a P/E/G ratio of 2.54 and a beta of 1.78. Generac has a fifty-two week low of $113.12 and a fifty-two week high of $261.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.00 and a current ratio of 2.03.
Generac (NYSE:GNRC – Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Equities analysts predict that Generac will post 8.5 EPS for the current fiscal year.
Insider Buying and Selling
In other Generac news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of GNRC. MUFG Securities EMEA plc acquired a new position in Generac during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Generac in the 3rd quarter worth about $26,000. First Horizon Corp bought a new position in shares of Generac in the 3rd quarter worth about $28,000. Sentry Investment Management LLC raised its position in shares of Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of Generac in the 1st quarter worth about $36,000. 84.04% of the stock is owned by institutional investors and hedge funds.
More Generac News
Here are the key news stories impacting Generac this week:
- Positive Sentiment: Q1 results beat and management raised full-year guidance: Generac reported year-over-year sales growth (~12%), an EPS beat and reiterated/raised outlook, underpinning the rally in commercial and data-center demand. Earnings Highlights
- Positive Sentiment: Data-center and margin strength cited as drivers: Deep-dive coverage highlights accelerating demand from data centers and margin expansion that helped outperformance this quarter. Deep Dive Article
- Positive Sentiment: Multiple analyst upgrades and higher targets: Wells Fargo raised its target to $280 (overweight), TD Cowen raised to $285 (buy) and JPMorgan moved its target higher — all signaling analyst confidence in continued upside. Benzinga (Wells Fargo/TD Cowen notes)
- Positive Sentiment: Additional bullish research/comments: TD Cowen / other outlets issued positive forecasts calling out the AI/data-center TAM as a multi-year growth driver. TD Cowen Forecast
- Neutral Sentiment: Zacks notes GNRC as a momentum stock based on style scores — supportive for technical momentum traders but not a fundamental endorsement on its own. Zacks Momentum Piece
- Neutral Sentiment: “Worth watching” coverage provides a broad primer on drivers and risks — useful for investors doing further diligence but not a clear buy/sell signal. Kalkine Article
- Neutral Sentiment: Seeking Alpha calls GNRC a “tricky trade” after the strong quarter — notes sizable upside from AI/data-center exposure but flags elevated post-rally risk; a mixed view that tempers new-buy enthusiasm. Seeking Alpha – Tricky Trade
- Negative Sentiment: Valuation and “hefty price” concerns: Coverage highlights rapid share gains (~95% prior rally in one note) and argues current valuation already prices in much of the AI/data-center story, creating downside sensitivity if growth moderates. Seeking Alpha – Valuation Concern
About Generac
Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.
Generac’s product lineup addresses a broad range of customer needs.