Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC Announces Investigation of Generac Holdings, Inc. (GNRC)

Rhea-AI Summary

Holzer & Holzer is investigating Generac Holdings (GNRC) for potential violations of federal securities laws. Following a critical report from Spruce Point Capital on June 22, 2022, which highlighted pressures on Generac's core business, the company revised its full-year guidance on October 19, 2022, citing lower home standby orders and higher inventory levels. As a result, Generac's stock price declined significantly. Investors who have suffered losses are encouraged to contact Holzer & Holzer for legal advice.

Positive

• None.

Negative

• Revised full-year 2022 guidance due to lowered residential product sales.
• Increased field inventory levels impacting business performance.
• Stock price decline following negative reports and guidance adjustments.

ATLANTA, GA / ACCESSWIRE / October 20, 2022 / Holzer & Holzer, LLC is investigating whether Generac Holdings, Inc. ("Generac" or the "Company") (NYSE:GNRC) complied with federal securities laws. On June 22, 2022, Spruce Point Capital published a report claiming Generac has failed to discuss pressures facing its core business, which it alleges is "under extreme pressure." Then, on October 19, 2022, Generac revised its full-year 2022 guidance due to issues with residential product sales, citing "higher field inventory levels and lower home standby orders…than previously expected. Following this news, the Company's stock price dropped.

If you purchased Generac stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com  or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/generac/  to discuss your legal rights. 

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content. 

CONTACT: 

Corey Holzer, Esq. 
(888) 508-6832 (toll-free) 
cholzer@holzerlaw.com

SOURCE: Holzer & Holzer

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FAQ

What is the reason behind the investigation of Generac Holdings (GNRC) by Holzer & Holzer?

Holzer & Holzer is investigating whether Generac Holdings complied with federal securities laws after a report claimed the company faced significant pressures on its core business.

What recent changes did Generac Holdings (GNRC) make to its financial outlook?

On October 19, 2022, Generac revised its full-year 2022 guidance, citing lower home standby orders and higher inventory levels than expected.

How has Generac Holdings' stock price been affected by recent news?

Generac's stock price has declined following the issuance of a critical report and the company's downward revision of its sales forecast.

Who should I contact if I suffered losses from investing in Generac Holdings (GNRC)?

Investors who experienced losses are encouraged to contact Holzer & Holzer for legal guidance regarding their rights.