Generac Hldgs Inc Stock Price, News & Analysis

Generac Holdings Inc. (NYSE: GNRC) has announced an agreement to acquire ecobee Inc., a leader in sustainable smart home solutions, for up to $770 million. This deal includes $200 million in cash and $450 million in GNRC stock, with potential additional shares based on performance targets. The acquisition aims to integrate ecobee's smart thermostats into Generac's energy technology portfolio, enhancing energy efficiency and supporting grid operators. The deal is expected to close in Q4 2021, subject to regulatory approval.

Generac Power Systems (NYSE: GNRC) is significantly expanding its manufacturing and distribution facility in Trenton, South Carolina, with a completion target set for Q3 2022. The expansion will add 200,000 square feet, enhancing the facility's size by nearly 50%. This growth aims to accommodate increasing demand for Generac's home standby generators, driven by aging infrastructure and rising power outages. The investment reflects Generac's commitment to supporting regional distribution capabilities and meeting consumer needs for reliable power solutions.

Generac Power Systems (NYSE: GNRC) has launched the Guardian® 26kW Home Standby Generator, the most powerful air-cooled generator for residential use. Offering 26 kilowatts of peak power, it provides 28% more starting power than competitors while occupying 68% less space than traditional liquid-cooled options. Homeowners can save up to $8,000 on purchase and installation. The generator is also Smart Grid Ready, allowing participation in grid programs to offset energy costs. This innovative product continues Generac's commitment to accessible, sustainable energy solutions.

Generac Holdings Inc. (NYSE: GNRC) announced it will release its third quarter 2021 financial results on November 2, 2021, before market open. A conference call is scheduled for 10:00 a.m. EDT to discuss the earnings highlights. The call can be accessed via phone or through a simultaneous webcast on Generac's website. A replay will be available shortly after the call and for seven days thereafter. Founded in 1959, Generac is a leader in energy technology, providing backup systems and solar solutions aimed at revolutionizing the electrical grid.

Generac Mobile has launched the new GLT LED light tower, which features enhanced runtimes, integrated fuel containment, and improved serviceability. The GLT offers up to 20% longer runtimes compared to previous models and is designed for both mobile and stationary use. It boasts over 200 hours of runtime, 48 US gallons of fuel capacity, and a 1000-hour service interval. With four 320W LED fixtures, the GLT provides maximum lighting efficiency while consuming less power. It is set to be available for quoting in Q1 2022.

Generac Mobile has launched the MBE30 Energy Storage System, a portable power supply designed to work with diesel generators. This hybrid system reduces fuel consumption, lowers emissions, and operates quietly, meeting nighttime noise restrictions. The MBE30 can store energy for efficient use and automatically activates the generator as needed. Available with lead-acid or Li-Ion battery technology, it will be released in 2022. The product enhances Generac's reputation as an innovator in the energy sector while offering economic benefits and improved performance for users.

Generac Mobile has launched the MLTB, an innovative battery light tower, marking a significant advancement in sustainable lighting solutions. The MLTB, powered by Generac's Green Lithium Battery technology, is the first DOT-certified high-intensity light tower with low noise and zero emissions. It features a 22 kWh lithium-ion battery offering up to 75 hours of runtime, and is designed for various applications including jobsites and entertainment venues. The unit reduces maintenance costs by up to 60% compared to diesel counterparts and will be available for order in Q1 2022.

Generac Mobile has unveiled two large diesel generators, the MDE330 and MDE570, focused on ease of operation and maintenance. Equipped with Perkins Tier 4 Final-certified engines, these models feature technology preventing wet stacking, enhancing operational reliability. They offer a 500-hour oil and filter service interval and can run for at least 25 hours before needing refueling. The units come equipped with the PowerZone® Pro Sync controller for performance monitoring. Orders will start in Q4 2021, with shipping expected in Q2 2022.