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GENERAC HOLDINGS INC - GNRC STOCK NEWS

Welcome to our dedicated page for GENERAC HOLDINGS news (Ticker: GNRC), a resource for investors and traders seeking the latest updates and insights on GENERAC HOLDINGS stock.

Generac Holdings Inc. (NYSE: GNRC) is a leading energy technology company that has been designing and manufacturing power generation equipment since its founding in 1959. Headquartered in Waukesha, Wisconsin, Generac is recognized globally for providing reliable and affordable power solutions to both the residential and commercial sectors.

Generac's product offerings are extensive and tailored to meet diverse power needs. The company is renowned for its home standby generators, which have become a household staple. Generac was the pioneer in creating the first affordable home standby generators and the first engine developed specifically for generator use. This innovation has positioned Generac as a dominant player in the market, selling more home standby generators than all its competitors combined.

Beyond residential solutions, Generac has also made significant strides in the commercial sector. The company introduced a cost-effective product line that caters to small and mid-sized businesses, revolutionizing the market with versatile and dependable power solutions.

Generac’s product portfolio includes:

  • Standby Generators: Reliable power solutions for home and business continuity during outages.
  • Portable Generators: Versatile and mobile power sources for various applications.
  • Clean Energy Products: Innovative solutions that include energy storage systems and smart energy management devices.
  • RV Generators: Specialized power solutions for recreational vehicles.
  • Commercial and Industrial Generators: Heavy-duty power systems for industrial applications.

Generac's core philosophy is to ensure customer peace of mind by delivering superior products and a top-notch ownership experience. The company is dedicated to maintaining its market leadership through continuous growth and innovation in power generation technology.

Recent news highlights the company's ongoing achievements and initiatives:

  • January 31, 2024: Generac announced its fourth quarter and full-year 2023 financial results, showcasing record free cash flow generation and strong margin expansion.
  • April 17, 2024: Plans to release first quarter 2024 financial results, with a focus on strong operational execution and margin expansion.
  • May 13, 2024: Leadership changes with Shree Dandekar becoming the head of Corporate Engineering and Product Management.
  • May 20, 2024: Introduction of the EVO 96, the world's largest electric zero-turn mower, by Mean Green, a Generac company.

Generac's commitment to innovation and sustainable energy solutions positions it at the forefront of the energy technology industry.

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ecobee, a subsidiary of Generac Power Systems, has launched the new Smart Doorbell Camera. The camera offers a vertical field of view, clear vision day or night, and weatherproof design. It can integrate with the ecobee Smart Thermostat Premium and has enhanced durability for always-on security. The Smart Doorbell Camera provides smarter notifications and can be part of the ecobee Smart Security system.
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Generac Power Systems opens new engineering center of excellence in Reno, Nevada, expected to bring 100 new engineering jobs and focus on clean energy and residential energy storage.
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Generac Holdings Inc. announces webcast of Investor Day presentation
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Generac plans to build a new manufacturing facility in Beaver Dam, Wisconsin to address growing demand for its industrial generators.
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Rising number of severe weather events driving need for power outage plans
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Ecobee announces energy saving programs in Ontario
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Generac Power Systems, Inc. (GNRC) and Buildertrend Partner to Integrate Residential Energy Solutions, Making Installation Easier and Potentially Saving Thousands of Dollars
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Generac Holdings Inc. reports Q2 2023 financial results, with net sales decreasing 23% to $1.00 billion. Residential product sales declined 44% while Commercial & Industrial product sales increased 24%. Net income was $45 million compared to $156 million in 2022. The company expects lower residential product sales in H2 2023 and revised its full-year outlook to a decline of -10 to -12% in net sales.
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ecobee offers discounted smart thermostats to eligible customers in California's hottest climate zones through the Cali ecosave program. The program aims to save energy during high demand periods and support a more stable power grid. Customers can purchase an ecobee3 lite for $10 or an ecobee Smart Thermostat Premium for $149.99, while supplies last. The thermostats can help customers save up to 26% on annual heating and cooling costs.
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Generac Holdings Inc. plans to release its second quarter 2023 financial results on August 2, 2023. A conference call will be held to discuss highlights of the earnings release.
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FAQ

What is the current stock price of GENERAC HOLDINGS (GNRC)?

The current stock price of GENERAC HOLDINGS (GNRC) is $156.26 as of December 20, 2024.

What is the market cap of GENERAC HOLDINGS (GNRC)?

The market cap of GENERAC HOLDINGS (GNRC) is approximately 9.3B.

What does Generac Holdings Inc. specialize in?

Generac specializes in designing and manufacturing power generation equipment, including standby generators, portable generators, clean energy products, and more for residential, commercial, and industrial applications.

When was Generac founded?

Generac was founded in 1959.

What are Generac's main products?

Generac's main products include standby generators, portable generators, clean energy products, RV generators, and commercial & industrial generators.

What recent financial performance has Generac reported?

Generac reported strong margin expansion and record free cash flow generation in its fourth quarter and full-year 2023 financial results.

Who is the new head of Corporate Engineering and Product Management at Generac?

Shree Dandekar has been appointed as the head of Corporate Engineering and Product Management at Generac as of May 13, 2024.

What is the EVO 96?

The EVO 96 is the world's largest electric zero-turn mower, introduced by Mean Green, a Generac company. It features a 96" deck and an available 44kWh battery for up to 8 hours of continuous mowing.

How does Generac ensure product quality and customer satisfaction?

Generac focuses on delivering superior products and a top-notch ownership experience to ensure customer peace of mind and satisfaction.

Where can investors find more information about Generac's financial results?

Investors can find more information about Generac's financial results on the company's website under the Investor Relations section.

How has Generac contributed to the power generation industry?

Generac has contributed to the power generation industry by pioneering affordable home standby generators and revolutionizing the commercial market with cost-effective power solutions for small and mid-sized businesses.

What is Generac's approach to sustainable energy solutions?

Generac is committed to leading the evolution to more resilient, efficient, and sustainable energy solutions through continuous innovation and expansion of its clean energy product offerings.

GENERAC HOLDINGS INC

NYSE:GNRC

GNRC Rankings

GNRC Stock Data

9.31B
58.48M
1.7%
89.57%
4.99%
Specialty Industrial Machinery
Motors & Generators
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United States of America
WAUKESHA