Generac Holdings (NYSE: GNRC) , which makes backup power generators and other energy technology solutions, reported powerful second-quarter 2021 results before the market open on Wednesday.
Shares opened more than 7% lower on Wednesday, but climbed back and closed down just 1.8%.
The drop in the stock likely mostly stems from some investors (or at least short-term traders) focusing on what they viewed as a hiccup in the report, which overall was stellar. However, a portion of the decline can probably be attributed to recent market dynamics, as the market has struggled during the last couple of days.
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