Generac (NYSE:GNRC) Price Target Cut to $275.00 by Analysts at Canaccord Genuity Group

Generac (NYSE:GNRC) had its price target cut by investment analysts at Canaccord Genuity Group from $325.00 to $275.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 42.15% from the company’s current price.

Several other brokerages have also recently issued reports on GNRC. Weiss Ratings cut Generac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Zacks Research lowered shares of Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Barclays lowered their target price on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Citigroup lifted their price target on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $284.28.

Generac Stock Down 0.9%

Shares of GNRC stock traded down $1.73 during mid-day trading on Thursday, hitting $193.46. The stock had a trading volume of 720,461 shares, compared to its average volume of 1,032,685. Generac has a 12-month low of $134.80 and a 12-month high of $296.44. The firm has a market capitalization of $11.39 billion, a P/E ratio of 60.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.89. The firm’s 50-day moving average is $253.18 and its two-hundred day moving average is $224.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 EPS. On average, analysts predict that Generac will post 8.91 earnings per share for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $256.00, for a total transaction of $140,800.00. Following the sale, the insider directly owned 15,808 shares in the company, valued at $4,046,848. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,100 shares of company stock worth $1,651,443. 2.40% of the stock is owned by insiders.

Institutional Trading of Generac

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after purchasing an additional 806,430 shares during the period. State Street Corp raised its position in Generac by 2.1% during the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after buying an additional 45,592 shares during the last quarter. Boston Partners lifted its stake in Generac by 7.1% during the 3rd quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock valued at $326,003,000 after acquiring an additional 128,439 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Generac by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock valued at $202,943,000 after acquiring an additional 6,332 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Generac by 20.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company’s stock worth $184,870,000 after acquiring an additional 189,457 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac News Summary

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Earnings substantially exceeded expectations. Generac reported adjusted EPS of $2.91, well above the approximately $1.95–$2.01 consensus range and up from $1.65 a year earlier. Revenue rose 10.3% to $1.17 billion, although it was slightly below estimates. Generac Tops Q2 Earnings Estimates, Reaffirms 2026 Revenue Outlook
• Positive Sentiment: Data-center momentum is strengthening. The company said its data-center backlog reached approximately $1.6 billion, providing visibility into significant 2027 growth. Commercial and industrial revenue increased roughly 29% year over year, while capacity expansion is intended to support rising demand from hyperscalers and other large customers. Generac Q2 Earnings Call Highlights Data Center Expansion
• Positive Sentiment: Management reaffirmed its 2026 outlook and raised commercial and industrial growth expectations to the low-30% range. Generac also expects a 20.0%–21.0% adjusted EBITDA margin, supported by operating leverage, backlog growth and manufacturing investments. Cantor Fitzgerald raised its price target to $333 and maintained an Overweight rating. Cantor Fitzgerald Price Target Update
• Neutral Sentiment: Guggenheim initiated or reiterated a Hold rating, indicating that the data-center opportunity is recognized but may already be reflected in the stock’s valuation. GNRC trades at a high earnings multiple, leaving less room for execution disappointments. Generac Gets a Hold from Guggenheim
• Negative Sentiment: Residential conditions remain weak. Residential sales declined about 2% year over year, pressured by below-average outage activity and softness in residential solar and storage. In addition, part of the earnings beat came from a $71 million tariff refund, which may not recur.

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.