Why Shares of Generac Holdings Jumped Today
The Dow Jones Industrial Average and S&P 500 were heading south today, but shares of Generac Holdings (NYSE: GNRC) headed in the opposite direction thanks to a strong fourth-quarter 2021 earnings report. Analysts expected the supplier of generators and smart energy solutions to book revenue of $1.02 billion and adjusted earnings per share (EPS) of $2.40, but Generac Holdings reported sales and adjusted EPS of $1.07 billion and $2.51, respectively.
As of 10:45 a.m. ET on Wednesday, shares of Generac Holdings were up 10.3%.
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Source Fool.com
