Needham & Company LLC Issues Positive Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC) had its price objective upped by research analysts at Needham & Company LLC from $283.00 to $288.00 in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC‘s price target indicates a potential upside of 43.16% from the stock’s previous close.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Generac from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Barclays set a $281.00 target price on Generac in a research note on Thursday. DA Davidson set a $333.00 price target on shares of Generac in a research report on Thursday, July 30th. Piper Sandler cut their price objective on shares of Generac from $303.00 to $279.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Finally, Raymond James Financial set a $279.00 price objective on shares of Generac in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $291.09.

Generac Stock Performance

Shares of Generac stock opened at $201.18 on Thursday. The stock’s fifty day moving average is $199.50 and its two-hundred day moving average is $217.04. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $11.87 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 1.60 and a beta of 1.91. Generac has a 52 week low of $134.80 and a 52 week high of $296.44.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. Generac had a return on equity of 17.83% and a net margin of 5.82%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $1.83 EPS. Generac’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, analysts expect that Generac will post 9.74 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, insider Norman P. Taffe sold 150 shares of Generac stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $220.00, for a total transaction of $33,000.00. Following the completion of the transaction, the insider owned 10,976 shares in the company, valued at approximately $2,414,720. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the sale, the chief executive officer directly owned 544,528 shares in the company, valued at $112,172,768. The trade was a 0.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,442 shares of company stock worth $3,656,537 over the last quarter. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Generac

Several institutional investors have recently added to or reduced their stakes in GNRC. BlackRock Inc. bought a new position in shares of Generac during the 2nd quarter valued at approximately $1,170,960,000. Arrowstreet Capital Limited Partnership boosted its stake in Generac by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company’s stock worth $202,849,000 after purchasing an additional 86,863 shares during the period. Bank of America Corp DE increased its holdings in shares of Generac by 19.7% in the first quarter. Bank of America Corp DE now owns 742,576 shares of the technology company’s stock worth $145,047,000 after purchasing an additional 122,101 shares during the period. Park Presidio Capital LLC bought a new position in Generac in the 2nd quarter worth about $158,140,000. Finally, Jennison Associates LLC grew its stake in Generac by 1.0% in the 1st quarter. Jennison Associates LLC now owns 520,628 shares of the technology company’s stock worth $101,694,000 after buying an additional 4,985 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Key Headlines Impacting Generac

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Adjusted earnings exceeded expectations. Generac reported third-quarter EPS of $2.54, above the $2.43 consensus estimate and up from $1.83 a year earlier. Revenue increased 16.2% year over year to $1.29 billion. Generac Reports Third Quarter 2026 Results
• Positive Sentiment: Commercial and industrial momentum strengthened. Generac cited robust C&I demand, growing data-center activity and a significant backlog increase. Reports indicate the AI and data-center power backlog reached approximately $4.5 billion, including business associated with Amazon, improving the company’s long-term growth outlook. Generac Q3 2026 AI Power Backlog
• Positive Sentiment: Residential demand also improved. Management said the residential segment returned to strong growth, supported by power-quality concerns and broader backup-power trends. This suggests recovery is becoming more balanced across Generac’s end markets. Generac Q3 Earnings Beat Estimates
• Neutral Sentiment: Full-year earnings guidance was maintained. Keeping guidance unchanged reduces the risk of a downward revision, although it may limit near-term upside because investors were not given a more optimistic forecast. Generac Maintains Full-Year 2026 Guidance
• Negative Sentiment: Revenue missed expectations. Quarterly sales of $1.29 billion fell short of the approximately $1.32 billion analyst consensus, which initially pressured the shares despite the EPS beat. Investors may also remain cautious because the stock’s valuation leaves less room for execution disappointments. Generac Revenue Misses Forecasts

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.