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Generac Holdings Inc. (GNRC) designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide.
The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
It also provides residential automatic standby generators ranging in output from 6kW to 60kW; air-cooled engine residential standby generators ranging from 6kW to 22kW; liquid-cooled engine generators with outputs ranging from 22kW to 60kW; remote monitoring system for home standby generators; and industrial diesel generators ranging in sizes up to 3,250kW.
In addition, the company offers various portable generators ranging in size from 800W to 17.5kW; engine driven power washers; water pumps; and outdoor power equipment, such as trimmers and brush mowers, log splitters, lawn and leaf vacuums, and chipper shredders. Further, it provides light towers, mobile generators, and flameless heaters; light-commercial standby generators ranging from 22kW to 150kW and related transfer switches providing three-phase power for small and mid-sized businesses; and industrial generators ranging in output from 10kW up to 3,250kW as emergency backup for large healthcare, telecom, datacom, commercial office, municipal, and manufacturing markets.
Additionally, the company sells aftermarket service parts and product accessories to dealers. It distributes its products through independent residential dealers, industrial distributors and dealers, national and regional retailers, e-commerce merchants, electrical and HVAC wholesalers, catalogs, and equipment rental companies and distributors; and directly to end users under the Powermate, DeWalt, DR, and Pramac brand names.
Shares have formed a bullish "cup and handle" and are expected to head higher. The 30-day moving average is acting as a support for the formation. Note that the holiday shopping season is a busy time of the year for this company. The company is scheduled to report its earnings on January 30th.
On October 30th, Generac reported 3rd Quarter September 2019 earnings of $1.43 per share on revenue of $601.1 million. The consensus earnings estimate was $1.32 per share on revenue of $570.1 million. Revenue grew 7.4% on a year-over-year basis.
The company said it expects 2019 revenue of $2.18 billion to $2.20 billion. The company's previous guidance was revenue of $2.14 billion to $2.16 billion and the current consensus estimate is revenue of $2.17 billion for the year ending December 31, 2019.
Entry Point: $100.00
Trading Range: $45.43 to $100.35
Stop Loss: $95.00
Target Price: $110.00
closed at $102
