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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.
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.
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.
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.
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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