Power Outages Drive Generac's Results Higher
The American power grid is a key necessity for the vast majority of the nation's population, and many people have no alternative in the event of power outages. Generac Holdings (NYSE: GNRC) has sought to change that, with the goal of having backup power-generation systems become part of every home and business. When power outages strike, demand for Generac's products rises, but when the need for backup power isn't evident, the company can suffer through slumps.
Coming into Wednesday's second-quarter financial report, Generac investors were expecting solid but relatively uninspiring growth in the company's key financial measures. Yet the generator maker did better than most had expected, and it cited favorable conditions that spurred customers into action. Let's look more closely at Generac Holdings and what its latest results mean for the company's future.
Image source: Generac Holdings.
Source: Fool.com
Generac Holdings Inc. Stock
The community is currently still undecided about Generac Holdings Inc. with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 140 € is below the current price of 143.9 € for Generac Holdings Inc., so the potential is actually -2.71%.
