Why Generac Stock Soared on Tuesday

Shares of power generation equipment manufacturer Generac Holdings (NYSE: GNRC) surged in Tuesday trading, up 5.5% as of 12:25 p.m. EST. The proximate cause of investors' excitement: This morning, analysts at Stifel Nicolaus raised their price target on Generac shares from $213 to $340.

But it's the reason for the rating that's the real reason to get excited today.

Image source: Getty Images.

Source Fool.com