GENERAC HOLDINGS INC - GNRC STOCK NEWS

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.

Generac Power Systems (NYSE: GNRC) has launched its first fully portable solar + battery solution, the 100W GS100 Solar Panel. This product is designed to pair with the GB1000 and GB2000 Portable Power Stations, enabling efficient off-grid energy independence. The GS100 can work with up to four panels for a total of 400W charging power and features a tri-fold design that is waterproof and chemical resistant. In addition, Generac introduced Charge Enhancers for its power stations, including 200W and 450W options, which can recharge units up to 50% faster. The GS100 panel is priced at $299, with Charge Enhancers ranging from $99.95 to $139.00.

Generac Power Systems (NYSE: GNRC) announced a strategic minority investment in Rolling Energy Resources (RER), a company specializing in electric vehicle (EV) load management software. This investment, closed on March 3, 2023, aims to enhance EV charging solutions for utilities and consumers, addressing challenges posed by the growing EV demand. Generac’s collaboration with RER will leverage their telematics platform and existing smart EV charger integrations, facilitating effective monitoring and control of EV loads. Generac's executive team will also join RER's board, signaling a commitment to innovative energy solutions amid the expanding EV market.

Generac Power Systems (NYSE: GNRC) has partnered with Independent Electrical Contractors (IEC) to enhance training for electricians. The initiative will train over 3,000 apprentices and field contractors annually in various chapters across Rocky Mountain, Texas Gulf Coast, and Florida West Coast. Generac will provide certified installer training, technical content, and necessary equipment. This collaboration reflects Generac's commitment to fostering skilled tradespeople amidst growing demand for backup power and alternative energy solutions.

Mean Green, a subsidiary of Generac Power Systems (NYSE: GNRC), unveiled the FURY, a compact battery-powered stand-on mower designed for tight spaces. With a mowing width of 32 or 36 inches, it easily navigates narrow gateways and pathways. The FURY boasts an 11kWh battery, offering up to 7 hours of runtime and speeds of up to 9 mph, with a recharge time of approximately 5 hours. Accompanied by a 5-year or 1500-hour commercial battery warranty, this mower aims to cater to landscape professionals. The launch enhances Mean Green's existing lineup, which includes the larger VANQUISH mower.

Generac Holdings Inc. (GNRC) reported mixed fourth quarter results for 2022, with net sales of $1.05 billion, a 2% decrease from the prior year. Residential product sales fell 19% to $575 million, while Commercial & Industrial (C&I) sales rose 27% to $361 million. Net income was $71 million, or $0.83 per share, down from $143 million, or $2.04 per share, a year earlier. For 2023, Generac anticipates net sales to decline by 6-10%. However, adjusted EBITDA margins are expected to be around 17-18%, with strong cash flow generation projected. The company continues to focus on powering a smarter world through innovative energy solutions.

Generac Holdings Inc. (NYSE: GNRC) plans to release its fourth quarter and full-year 2022 financial results on February 15, 2023, prior to market opening. A conference call will be held at 10:00 a.m. EST to discuss the earnings release highlights, accessible through a provided link. The call will also be webcast on Generac’s website, with a replay available afterward. Generac is renowned for its energy technology solutions, focusing on backup power systems, solar + battery storage, and advanced energy services.

Generac Power Systems (NYSE: GNRC) has announced an integration with ecobee smart thermostats for its line of Wi-Fi and cellular-enabled home standby generators. This collaboration aims to create a centralized energy management hub for homeowners, allowing them to monitor generator readiness and fuel levels seamlessly. Homeowners will be able to check the status of their generators in real time and receive alerts directly through their ecobee thermostats. This integration will streamline maintenance processes and is set to launch in spring 2023.