Generac Holdings (NYSE: GNRC) stock gained 11.6% on Wednesday after the backup-power generator and energy-technology company released its first-quarter 2023 report. The market's positive reaction is attributable to the quarter's revenue and adjusted earnings beating Wall Street's expectations.

Given the challenging macroeconomic environment, investors were also likely relieved that the company reaffirmed its 2023 guidance. 

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Source Fool.com