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Generac (GNRC-N)
NYSE:GNRC
129.10
0.59
(0.46%) 1d
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China, oil weigh on marketsThis summary was created by AI, based on 3 opinions in the last 12 months.
Experts have mixed opinions on Generac. One expert believes that the stock has potential for growth as interest rates decline. Another expert likes the company but is concerned about the rising cost of credit for purchasing their products. Additionally, the potential impact of the Inflation Reduction Act and hurricane season on the company's emergency generator business is noted. Overall, the stock is perceived as volatile and dependent on external factors such as interest rates, credit, and weather conditions.
$112.730
Unknown
Likes it, but with these companies, you need credit to buy their solar products, and the price of credit keeps rising,
Be patient with this. A hurricane season will be a boon, because they make emergency generators. This is volatile.
Demand for solar power and their stocks enjoy huge tailwings. ESG is one. Companies like Blackrock and Exxon Mobil are making ESG a serious priority, for example. Secondly, out electric grid is falling apart. Witness the Texas outage last winer. Third, new homeowners are happy to add solar panels to their roofs as prices of panels keep plunging. Fourth, governments are supporting solar panels more and more; for example, the federal government is offering tax credits, and Biden wants to extend the solar tax credit by 10 years. Also, Biden has slapped tariffs on foreign panels, and the American industry is divided over this. A few years ago they made acquisitions to store solar power energy. Stock looks pricey now, but the stock has quadrupled over 16 months. Buy a small position now. A great way to play solar energy.
Manufactures generators for natural gas. The stock came down about 2 years ago and was trading at around $30-$35, and then along came some of those hurricanes. This is one of the companies that can supply power to homes. It looked undervalued regardless of that. (Analysts’ price target is $48.)
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Generac(GNRC-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
Generac(GNRC-N) Frequently Asked Questions
What is Generac stock symbol?
Generac is a American stock, trading under the symbol GNRC-N on the New York Stock Exchange (GNRC). It is usually referred to as NYSE:GNRC or GNRC-N
Is Generac a buy or a sell?
In the last year, 3 stock analysts published opinions about GNRC-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Generac.
Is Generac a good investment or a top pick?
Generac was recommended as a Top Pick by on . Read the latest stock experts ratings for Generac.
Why is Generac stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Generac worth watching?
3 stock analysts on Stockchase covered Generac In the last year. It is a trending stock that is worth watching.
What is Generac stock price?
On 2024-04-16, Generac (GNRC-N) stock closed at a price of $129.1.
Turns out that it had a lot more to do with interest rates than expected, but it's now okay as interest rates decline. This has another 10-15 points to run.