While the whole market was down in 2022, few stocks had a worse year than Generac (NYSE: GNRC) . In fact, with a decline of 71%, it was the worst performer of the year in the S&P 500 .
The maker of backup generators and other power-generating devices was a high flyer for much of 2021, when its market cap essentially doubled. But the stock began to decline after peaking in late 2021 and went on to lose an incredible 71% of its value in 2022. Generac investors are licking their wounds after a terrible 2022, but is there any reason for optimism that the beleaguered stock can bounce back in 2023?
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Could the Worst Stock in the S&P 500 in 2022 Be a Buy in 2023?