Generac Hldgs Inc Stock Price, News & Analysis

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.

Generac Power Systems (NYSE: GNRC) has announced the launch of its first electric vehicle charger, aimed at meeting the increasing demand for EVs in the U.S. The 48A / 11.5kW Level 2 home charger can charge vehicles in four to six hours and is compatible with nearly all EVs. Generac emphasizes the reliability and trust in its brand, which has been a leader in energy technology for nearly 65 years. The charger will be available through various retail channels and offers in-home consultation for installation. Mass marketing is set for the second half of 2023.

Generac Grid Services, a subsidiary of Generac Power Systems (NYSE: GNRC), announced a milestone achievement in energy delivery for 2022. The company delivered over 34 GWh of capacity during peak demand periods, utilizing its Concerto™ platform. Key highlights include:

• 2.5 million individual DER dispatches
• 36,500 events from 18 utility clients
• 8,000 hours of cumulative DER dispatch

Generac Industrial Power has announced the expansion of its TX Series transfer switches, introducing 600A, 800A, and 1000A models. These switches are designed for safety and reliability in emergency situations, boasting high withstand and closing ratings. The new models feature a maintenance-free contactor mechanism, field selectable voltage, and a built-in battery backup to enhance reliability during power outages. UL 1008 certification ensures compliance with NEC codes, and all units are manufactured in the US, reflecting Generac's commitment to quality and advanced energy solutions.

Generac Power Systems (NYSE: GNRC) has launched its Power Outage Central tool, providing the public with free access to real-time utility power outage data across the United States. This interactive resource visualizes outage information, enabling users to compare utility providers and view local and regional data. The tool has gained popularity for assisting travelers, especially during the holiday season when winter storms pose additional risks for power outages.

Generac Power Systems (NYSE: GNRC) warns of increased power outage risks this winter due to harsh conditions and aging electrical grids, as NOAA's forecast predicts below-average temperatures and above-average precipitation in many regions. The president of Consumer Power, Kyle Raabe, emphasizes the need for homeowners to prepare, advocating for backup power solutions like portable and automatic generators. Generac encourages safety precautions, including keeping devices charged and having emergency supplies ready. Their Power Outage Central tool is highlighted for monitoring outages and tips.