GNRC Stock Summary and Trading Ideas (Generac Hldgs | NYSE:GNRC)

Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.

Generac Hldgs trades on the NYSE stock market under the symbol GNRC.

As of April 23, 2024, GNRC stock price climbed to $136.10 with 846,792 million shares trading.

GNRC has a beta of 2.56, meaning it tends to be more sensitive to market movements. GNRC has a correlation of 0.32 to the broad based SPY ETF.

GNRC has a market cap of $8.20 billion. This is considered a Mid Cap stock.

Last quarter Generac Hldgs reported $1 billion in Revenue and $2.07 earnings per share. This fell short of revenue expectation by $-26 million and met earnings estimates .

In the last 3 years, GNRC stock traded as high as $524.31 and as low as $79.86.

The top ETF exchange traded funds that GNRC belongs to (by Net Assets): VTI, VOO, VB, RSP, VBK.

GNRC has outperformed the market in the last year with a return of +32.4%, while the SPY ETF gained +24.3%. In the last 3 month period, GNRC beat the market returning +16.0%, while SPY returned +4.6%. However, in the most recent 2 weeks GNRC has underperformed the stock market by returning -2.9%, while SPY returned -2.6%.

GNRC support price is $130.58 and resistance is $137.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GNRC stock will trade within this expected range on the day.