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Generac Stock Powers Up on Earnings Beat and Rosy Cash Flow Guidance

TheMotleyFool

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Generac Stock Powers Up on Earnings Beat and Rosy Cash Flow Guidance: https://g.foolcdn.com/editorial/images/721043/gnrc-earnings-gnrc-stock-power-outages.jpg

Generac Holdings (NYSE: GNRC) stock gained 8% on Wednesday following the backup power generator and energy technology company's release of its fourth-quarter and full-year 2022 results.

The market's positive reaction is largely attributable to the quarter's adjusted earnings beating Wall Street's expectation and favorable 2023 cash flow guidance. Investors were also likely at least satisfied with 2023 revenue guidance, which was in line with the analyst consensus estimate.

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Source Fool.com

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