GNRC - Why Generac Stock Is Charging Higher Today
2023-11-01 14:26:00 ET
The latest results from Generac Holdings (NYSE: GNRC) -- released this morning -- seem to show that the worst is over for the maker of power generators, and investors are breathing a sigh of relief.
Shares of Generac are up 12% at 2:15 p.m. ET after the company beat analyst expectations and held firm to full-year guidance.
Generac makes power generators for homes and businesses. Given the number of headlines in recent years about massive storms and overwhelming demand stressing the power grid, it should be a great time for a business like Generac, but the company has struggled in recent months.
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Why Generac Stock Is Charging Higher Today