Welcome to our dedicated page for Generac Holdings news (Ticker: $GNRC), a resource for investors and traders seeking the latest updates and insights on Generac Holdings stock.
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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.
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-1.85%
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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.
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-1.87%
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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.
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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.
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0.47%
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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.
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1.29%
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Generac Holdings Inc. reported financial results for Q3 2023, with net sales decreasing 2% to $1.07 billion. Residential product sales declined 15% while Commercial & Industrial product sales increased 24%. Net income attributable to the Company was $60 million, and adjusted net income was $102 million. Adjusted EBITDA was $189 million. Cash flow from operations was $140 million, and free cash flow was $117 million. The company repurchased 875,580 shares of its common stock for $100 million. Gross profit margin increased to 35.1%. The Company is maintaining its full-year 2023 net sales outlook for a decline of approximately -10 to -12%.
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14.35%
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Generac Grid Services has been selected for negotiations by the U.S. Department of Energy to receive a $50 Million grant. The funding will be used to enhance the U.S. power grid's ability to deliver affordable, clean energy to lower income homeowners in Massachusetts. Generac will install its suite of whole-home energy solutions, including wi-fi thermostats and batteries, and optimize the use of electric heat pumps. This project aims to improve reliability, minimize system overloads, and support Massachusetts' decarbonization goals.
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Smart home leader ecobee, a subsidiary of Generac Power Systems, has announced that its current line of products, including the Smart Doorbell Camera, is now available for purchase at all Best Buy retail locations across Canada. The company's products seamlessly blend intelligent and sustainable technology into the home, offering comfort, security, and reliability. The Smart Doorbell Camera can integrate with the Smart Thermostat Premium, allowing a live stream directly on the thermostat screen.
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-1.89%
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Generac Holdings Inc. plans to release its Q3 2023 financial results on November 1, 2023.
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-4.47%
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ecobee, a subsidiary of Generac Power Systems, has launched the new Smart Doorbell Camera. The camera offers a vertical field of view, clear vision day or night, and weatherproof design. It can integrate with the ecobee Smart Thermostat Premium and has enhanced durability for always-on security. The Smart Doorbell Camera provides smarter notifications and can be part of the ecobee Smart Security system.
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Rhea-AI Sentiment
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-0.29%
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Generac Holdings Inc.
NYSE:GNRC
GNRC Rankings
GNRC Stock Data
9.01B
59.20M
1.68%
85.97%
5.78%
Motor and Generator Manufacturing
Manufacturing
United States of America
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.