GNRC - Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Generac Holdings Inc. (GNRC) | Benzinga

SAN DIEGO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action lawsuit on behalf of persons who purchased or otherwise acquired Generac Holdings, Inc. (NYSE:GNRC) stock between May 3, 2023 and August 3, 2023. Generac designs, engineers, and markets standby power generators. It produces generators for both industry and for home consumers. It also produces other products for industrial and personal use, such as heaters and pressure washers.

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What is this Case About: Generac Holdings, Inc. (GNRC) Made False and Misleading Statements Regarding its Business Prospects

According to the complaint, during the class period, defendants underplayed the impact of inflation on consumer generator sales, going so far as to say that it is "trumped" by other factors. Consequently, defendants provided investors with a skewed outlook for 2023, asserting that the Company would recover sales by the ...

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