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Generac Holdings Inc - GNRC STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Generac Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Generac Holdings's position in the market.

News
Generac Announces First Quarter 2024 Earnings Release Date and Conference Call
Rhea-AI Summary
Generac Holdings Inc. announces the release date for its first quarter 2024 financial results and a conference call to discuss the earnings highlights. The call will take place on May 1, 2024, at 10:00 a.m. EDT. Investors can access the call via webcast or telephone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
earnings
-
News
Generac Appoints Jennifer Anderson as Executive Vice President of Global Corporate Strategy & Development
Rhea-AI Summary
Generac Power Systems (GNRC) appoints Jennifer Anderson as executive vice president of global corporate strategy & development, succeeding Chief Strategy Officer Steve Goran. Anderson brings over 20 years of experience in finance, corporate strategy, and business development. She aims to drive new growth areas and lead ESG efforts for Generac, emphasizing resilient, efficient, and sustainable energy solutions worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
management
-
News
Generac's Elizabeth Anderson recognized by the Manufacturing Institute for 2024 Women MAKE Awards
Rhea-AI Summary
Generac Power Systems' director of operations, Elizabeth Anderson, named a 2024 Women MAKE Awards honoree by the Manufacturing Institute for her leadership and excellence in the manufacturing industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
Tags
none
News
Generac Appoints Talal Butt as Chief Information Officer
Rhea-AI Summary
Generac Power Systems appoints Talal Butt as chief information officer (CIO) to lead global information technology organization, focusing on digital commerce, data & AI, IT infrastructure, and cybersecurity, bringing over 20 years of technology innovation experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
management
-
News
Generac Reports Fourth Quarter and Full-Year 2023 Results
Rhea-AI Summary
Generac Holdings Inc. reported strong margin expansion and record free cash flow in Q4 2023, with net sales up 1% to $1.06 billion. Residential product sales increased 1%, while Commercial & Industrial product sales grew slightly. Adjusted net income was $126 million, a 11.5% increase from the previous year. Full-year 2023 saw a 12% decline in net sales to $4.02 billion, with Residential product sales down 29% and C&I product sales up 19%. Adjusted EBITDA margin for 2023 was 15.9%. The outlook for 2024 anticipates a return to net sales growth of 3-7%, driven by residential products. Adjusted EBITDA margin is expected to be 16.5-17.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
earnings
-
News
Good Design Awards Honors Multiple Products from Generac
Rhea-AI Summary
Generac Power Systems, Inc. (GNRC) has received five accolades from the 2023 GOOD DESIGN Awards for innovative designs in the Building Materials category. The awarded products include Portable Power Stations, a Mobile Battery Light Tower, a Zero-Turn battery-powered mower, and the PWRmanager. These products offer clean, emission-free power solutions with user-centric designs and energy-efficient features.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
News
Generac Announces Fourth Quarter and Full-Year 2023 Earnings Release Date and Conference Call
Rhea-AI Summary
Generac Holdings Inc. (GNRC) plans to release its fourth quarter and full-year 2023 financial results on February 14, 2024. The company will hold a conference call to discuss the earnings release, which will be accessible via webcast and telephone. Generac is a global designer and manufacturer of energy technology solutions and power products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
Tags
earnings
-
News
ecobee and Generac Expand Thermostat Integration Capabilities to Include Propane Tanks
Rhea-AI Summary
ecobee and parent company Generac Power Systems, Inc. (NYSE: GNRC) have announced the integration of ecobee smart thermostats with Generac 4G LTE Cellular Propane Tank Monitors. This integration allows homeowners to monitor fuel levels in the propane tank from the smart thermostat screen, providing real-time alerts when the tank is running low. The integration is available in all ecobee smart thermostat models released since 2014 and is compatible with all connected Generac Propane Tank Monitors for customers who are subscribed to tank monitoring in Mobile Link.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
none
-
News
Generac and Wallbox Announce Strategic Investment and Commercial Agreement
Rhea-AI Summary
Generac Power Systems, Inc. (GNRC) has made a minority investment in Wallbox (WBX), a global leader in smart electric vehicle (EV) charging and energy management solutions. The investment includes adding a Generac seat on Wallbox's board of directors and a global commercial agreement to provide Generac's residential and commercial customers with the next generation of energy management systems, including a bidirectional DC EV charger for the home. This strategic partnership aims to accelerate the development of energy ecosystems for businesses with public access and supports the joint vision of accelerating the energy transition through innovative and accessible energy solutions. As power consumption is projected to more than double by 2050 and the share of renewables in the power mix is projected to more than double in the next 20 years, the need for sophisticated technology that can manage energy generation, storage, and distribution between the current grid and next generation EVs is critical in order to accelerate the adoption of renewable energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
none
News
U.S. Department of Energy Announces Generac Power Systems as Part of a $440 Million Commitment to Install Rooftop Solar and Batteries in Puerto Rico's Most Vulnerable Communities
Rhea-AI Summary
Generac Power Systems, Inc. has been selected by the U.S. Department of Energy to negotiate a proposal to provide solar PV and battery storage systems to up to 40,000 vulnerable households in Puerto Rico, with an investment of up to $440 million from the Puerto Rico Energy Resilience Fund. This initiative aims to increase energy resilience and decrease energy burden for low-income households while supporting clean energy jobs and helping Puerto Rico achieve its renewable energy goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
none
Stock GNRC logo
Generac Holdings Inc

NYSE:GNRC

GNRC Rankings

#885 Ranked by Market Cap
#3808 Ranked by Stock Gains
N/A Ranked by Dividends

GNRC Stock Data

7.94B
59.20M
1.68%
85.97%
5.78%
Motor and Generator Manufacturing
Manufacturing
Link
US
Waukesha

About GNRC

founded in 1959, generac has earned a reputation as the company home and business owners turn to when the power goes out. the first to engineer affordable home standby generators, along with the first engine developed specifically for the rigors of generator use, we now sell more home standby generators than all of our competitors combined. we then revolutionized the commercial market with the first cost effective product line meeting the needs of small and mid-sized businesses. unlike other generator manufacturers, power generation is our sole focus, with the widest range of power products in the marketplace including portable, rv, residential, commercial and industrial generators. at generac, we protect the things that power your life by providing quality, affordable power solutions. we believe generac‘s continued success will come from our dedication to growth and our core philosophy of ensuring our customers’ peace of mind by delivering a superior product and ownership experience.