Generac Hldgs Inc Stock Price, News & Analysis

Generac Holdings Inc. (NYSE: GNRC) plans to announce its first quarter 2022 financial results on May 4, 2022, before market opening. A conference call will follow at 10:00 a.m. EDT to discuss the earnings highlights. Interested parties can join the call by dialing (866) 415-3113 domestically or +1 (678) 509-7544 internationally. The call will also be accessible via a live webcast on Generac’s website, with a replay available afterward.

ecobee has launched its Smart Security with Professional Monitoring system in the United States, marking its official exit from beta. This innovative system combines home security with ecobee thermostats and sensors to safeguard against break-ins and reduce energy costs. Users can upgrade starting at $79.99 for sensors and $10 monthly for monitoring. The Smart Security Complete plan may yield annual savings of up to $360. Additionally, the service is supported by RapidSOS, enhancing emergency response capabilities.

Generac Holdings Inc. (NYSE: GNRC) has announced the immediate suspension of its operations and sales in Russia due to the ongoing conflict in Ukraine. This decision aligns with the company's stance against the Russian regime's military actions and expresses solidarity with Ukraine. Sales in Russia account for less than 1% of Generac's total revenue, and the financial impact is not expected to be material. Generac does not have any employees in Ukraine.

Generac Holdings (GNRC) reported fourth-quarter 2021 net sales of $1.07 billion, a 40% increase year-over-year, driven by robust demand in both residential and commercial segments. Full-year sales reached $3.74 billion, a 50% rise, with net income of $550 million. The company anticipates 32-36% growth for 2022, focusing on energy technology solutions and strategic acquisitions. Despite challenges like rising input costs affecting gross margins, Generac expects continued strong performance across its expanding product portfolios.

Generac Holdings (NYSE: GNRC) announced the appointment of Nam Tran Nguyen to its Board of Directors, effective March 1, 2022. Nam brings extensive experience from her role as COO of Generate Capital and prior positions at SunPower and First Solar. Generac's CEO, Aaron Jagdfeld, expressed excitement about her renewable energy background, which aligns with the company's commitment to innovating the electrical grid. This strategic move aims to strengthen Generac's governance and operational capabilities in the energy sector.

Generac Holdings Inc. (NYSE: GNRC) announced its plans to release fourth quarter and full-year 2021 financial results on February 16, 2022, before market opening. A conference call with management will be held at 10:00 a.m. EST to discuss the earnings highlights, accessible by phone and via webcast. Generac, established in 1959, focuses on energy technology solutions, including backup power systems and solar+battery storage. The company emphasizes its commitment to sustainable energy products for future electrical grid solutions.

Sunnova Energy International Inc. (NYSE: NOVA) and Generac Power Systems, Inc. (NYSE: GNRC) are expanding their strategic partnership to enhance energy independence for homeowners. This collaboration will integrate Generac's advanced technology into Sunnova's offerings, introducing standby home generators and microinverters. The initiative aims to improve energy resilience and provide a comprehensive solution through the Sunnova Adaptive Home™. Financing options will now extend to the home standby generator market, accessible nationwide, including Puerto Rico.

Generac Grid Services has been selected by Southern California Edison as a provider for the Power Flex program, which enhances the value of residential solar and battery systems. Participating homeowners can earn incentives by dispatching stored clean energy during grid shortages. The initiative utilizes Generac's Concerto DERMS platform to manage energy flows efficiently. This development reflects the growing trend of homeowners investing in solar and storage solutions for resilience against power outages.

Generac Holdings Inc. has completed its acquisition of ecobee Inc., a leader in sustainable smart home solutions, enhancing its energy technology offerings. Announced on November 1, 2021, this strategic acquisition aims to create an integrated home energy ecosystem that benefits homeowners by reducing energy costs and assists grid operators in balancing supply and demand efficiently. With ecobee's innovative products, Generac seeks to expand its market presence and promote sustainable energy solutions.