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Generac Holdings (GNRC) designs, manufactures, and markets a range of generators and other engine powered products for the residential, light commercial, industrial, and construction markets in the United States Canada, and Mexico.
It offers generators and other products fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel under the Generac, Magnum, and Ottomotores brands.
The companys residential power products comprise automatic residential standby generators that range in output from 6kW to 60kW; air-cooled residential standby generators, which range in outputs from 6kW to 20kW; and liquid-cooled generators that range in outputs from 22kW to 60kW. It also includes portable generators comprising GP series ranging from 1,800W to 17,500W for homeowners; the XG series ranging from 4,000W to 10,000W for the premium homeowner market; the XP series ranging from 3,600W to 10,000W for the professional contractor market; and the iX series ranging from 800W to 2,000W for the recreational market.
The companys industrial and commercial power products include light-commercial standby generators ranging from 22kW to 150kW for grocery stores, convenience stores, restaurants, gas stations, pharmacies, retail banks, and healthcare facilities; single-engine industrial generators, which range in output from 10kW to 2,500kW; and generator systems, including 9mW modular power system for the telecommunications market, as well as aftermarket service parts and proprietary engines. Generac Holdings Inc. sells its generators through independent residential and industrial dealers, wholesalers, national accounts, private label arrangements, retailers, catalogs, e-commerce merchants, equipment rental companies and dealers, and construction companies.
Shares have formed a bullish "cup & handle" and higher prices are expected for this stock.
52-Week Trading Range: $20.25 - $41.58
Entry Point: $41.49
Stop Loss: $39.40
Target Price: $45.64
GNRC closed at $42.79 after its 30-day time period expired.
