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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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Generac Grid Services' Concerto platform enables Iberdrola to provide Active Demand Response Services in Spain. They have built a virtual power plant and successfully transitioned their provision of SRAD services into an automated dispatch service. They are also planning to expand their collaboration and incorporate electric vehicles and industrial loads into their portfolio.
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Generac Holdings Inc. (NYSE: GNRC), a leader in energy technology solutions, released its 2022 Environmental, Social, and Governance (ESG) report on April 25, 2023. This report outlines Generac's commitment to sustainable, resilient energy solutions, focusing on product sustainability and corporate governance. It highlights the company's achievements since its inaugural ESG report in 2021 and emphasizes community support and transparency. The report includes initial infrastructure for assessing climate change risks in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) and other recognized frameworks such as SASB and the United Nations Sustainable Development Goals (SDGs). For the complete report, visit www.generac.com/esg.

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Generac Holdings Inc. (GNRC) announced its plans to release Q1 2023 financial results on May 3, 2023, before the market opens. A conference call will take place at 10:00 a.m. EDT to discuss the earnings highlights. Interested participants can access the conference via a provided link or listen through a telephone dial-in. A replay of the call will be available on the company's website following the live event.

Founded in 1959, Generac is a key player in energy technology, offering backup and prime power systems, solar solutions, smart home devices, and power grid software. The company aims to innovate the clean energy sector.

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Generac Power Systems (NYSE: GNRC) announced that ecobee has integrated its smart thermostats with Generac home standby generators, creating a unified home energy management system. This integration allows ecobee thermostat users to monitor their generator's status and receive alerts directly through the thermostat. Customers with ecobee Smart Thermostat Premium and Enhanced models can now view real-time generator status and receive notifications about potential issues.

This new feature enhances the user experience by providing a centralized interface for energy management, supporting homeowners in preparing for power outages. Further integration capabilities will soon be available for all ecobee smart thermostat models released since 2014.

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Generac Industrial Power introduced its new SBE series of stationary battery energy storage systems (BESS) aimed at enhancing energy resilience while reducing carbon emissions and energy costs. The systems are available in capacities from 200 kWh to 1,000 kWh and can be paired with existing gas and diesel generators and on-site solar to provide backup during outages. The SBE series enables customers to lower energy expenses by managing peak charges and utilizing Time-of-Use rates from utilities. Additionally, users can monetize their energy storage assets to bolster grid resilience. This launch comes as companies increasingly prioritize balancing carbon reduction with energy savings, highlighting Generac's 60+ years of expertise in energy solutions.

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Generac (NYSE: GNRC) has announced the launch of the DR FB26E Electric Field and Brush Mower, one of the first battery-powered brush mowers in the landscape market. The mower features a high-capacity 2.5kWh removable battery, allowing for up to 90 minutes of mowing on a single charge. It effectively tackles tough terrains, including six-foot-tall weeds and four-foot-tall grass. The mower includes an easy-to-use control panel and a backup battery transport system. This launch reflects the growing demand for battery-powered landscaping equipment, enhancing Generac's product line.

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FAQ

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

The current stock price of GENERAC HOLDINGS (GNRC) is $181.94 as of November 18, 2024.

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

The market cap of GENERAC HOLDINGS (GNRC) is approximately 10.9B.

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

10.88B
59.50M
1.67%
92.42%
4.61%
Specialty Industrial Machinery
Motors & Generators
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United States of America
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