What's Putting a Charge in Generac's Stock This Week
It seems that a revenue miss wasn't enough to deter Generac (NYSE: GNRC) investors from picking up shares this week. While the company failed to meet analyst's top-line expectations, it provided an Q4 2022 earnings beat, reporting adjusted EPS of $1.78 instead of the $1.76 that analysts expected. Other bright spots in the report also helped to lift shares of the mobile generator manufacturer higher this week.
As of the end of Thursday's trading session, shares of Generac have risen 11.4% since last Friday, according to data provided by S&P Global Market Intelligence.
While Generac faced headwinds in 2022, management suggested on the conference call that the company is well positioned for success in 2023. Speaking to the strength of the commercial and industrial (C&I) segment as a source of the company's potential for growth, Aaron Jagdfeld, the company's CEO, recognized that:
Source Fool.com
