GENERAC HOLDINGS INC.
No SEC Form 4 filings for $GNRC in the last 30 days.
Generac Holdings (NYSE:GNRC) hit a new 52-week high on Tuesday, trading up to $278.48 versus a prior close of $270.14, with 128,669 shares traded. Analysts cited include Jefferies raising its target to $302 (buy) and Canaccord to $325 (buy). Generac reported Q1 EPS of $1.80 and revenue of $1.06B, both above consensus.
Shares of Generac (GNRC) surged 7.6% after Jefferies upgraded the stock from "Hold" to "Buy" and raised its price target to $302 from $239. The upgrade is attributed to Generac's potential to secure large contracts with data centers for backup power, driven by the increasing demand for artificial intelligence infrastructure. This follows strong first-quarter 2026 results that beat Wall Street expectations, with significant improvements in revenue, profit, and operating margins.
Generac Holdings stock rallied nearly 7% after Jefferies upgraded it to "Buy" from "Hold," citing the company's potential to secure large contracts for emergency backup generators in AI data centers. The firm increased its price target to $302, expecting Generac to benefit significantly from the AI infrastructure boom and expanding commercial and industrial demand. Jefferies projects higher revenue and EBITDA by 2028, also downplaying concerns about the residential backup-generator business.
