Generac Holdings Inc.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a GNRC research report →
Range $250 – $375
Price Chart
About the company
Generac Holdings Inc. specializes in the engineering, manufacturing, and global distribution of diverse power generation systems, energy storage solutions, and related electrical products. The company caters to residential users, light commercial enterprises, and industrial sectors worldwide.
- CEO
- Aaron Jagdfeld
- IPO
- 2010
- Employees
- 9,400
- HQ
- Waukesha, WI, US
AI snapshot
Six angles, distilled from the data.
GNRC is still in a long-term recovery phase, but the broader trend remains mixed after a strong run from the 52-week low. The shares sit just below the 200-day moving average and well under the 52-week high, which keeps the setup in a repair-and-retest regime rather than a confirmed breakout.
Street sentiment is constructive: the consensus is Buy, with an average target of 289.56 versus a 211.8 share price. Recent action has leaned positive, with multiple target raises and several reiterated Buy ratings, though a few firms remain at Hold and the target range is wide.
The next print comes after a strong recent beat streak, including 49.2% and 35.3% EPS surprises in the last two reported quarters. Estimates point sharply higher over the next year, so shareholders should watch whether demand, margins, and guidance can support that step-up.
Recent insider activity leans to net selling, with multiple discretionary sales from senior executives and no offsetting open-market buys. Several entries are automatic award or tax-related transactions, but the repeated S-code sales from the CEO and division presidents are the clearest signal.
Profitability is solid but not elite, with gross margin at 39.5%, operating margin at 17.93%, and net margin at 5.82%. Growth is healthy, with revenue up 10.6% year over year and earnings up 92%, while free cash flow of $607.8 million and $10.29 per share support the balance sheet.
GNRC stands out as a premium industrial name tied to backup power, home energy, and distributed energy systems. The stock trades at about 30.2x earnings, above many cyclical industrial peers, so the market is paying for growth and execution rather than a deep value setup.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $13.12B
- P/E
- 50.54
- Fwd P/E
- 23.03
- PEG
- -1.82
- P/S
- 2.96
- P/B
- 4.54
- EV/EBITDA
- 25.61
- Div Yield
- 0.00%
- Gross Margin
- 39.54%
- Op Margin
- 9.50%
- Net Margin
- 5.82%
- ROE
- 9.54%
- ROIC
- 6.92%
Latest fiscal year · YoY change
- Revenue
- $4.21B-2.0%
- Gross Profit
- $1.61B-3.2%
- Op Income
- $289.19M
- Net Income
- $159.55M-50.9%
- EPS
- $2.73-50.0%
- OCF Growth
- -40.9%
- FCF Growth
- -55.6%
- 52W High
- $296.44
- 52W Low
- $134.80
- 50D MA
- $201.07
- 200D MA
- $212.89
- Beta
- 1.91
- RSI (14)
- 63
- Avg Volume
- 1.21M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Generac posted strong Q2 2026 results, driven by data center/C&I momentum and tariff refunds, while trimming Residential outlook modestly and raising C&I growth expectations.· July 29, 2026
- Net sales rose 11% to $1.17 billion, with C&I sales up 29% to $556 million and Residential sales down 2% to $621 million.
- Consolidated gross margin was 44.5% and adjusted EBITDA margin was 24.8%, both boosted by about $71 million of tariff refunds.
- Management now expects nearly $450 million of full-year 2026 data center revenue and raised C&I segment sales growth guidance to the low 30s percent range.
- Residential guidance was lowered slightly, but home standby generators still grew and management said dealer count reached about 9,700.
- Generac said it has signed two hyperscale supply agreements, with the first totaling nearly $700 million for 2027 deliveries and the second described as at least as large.
Second quarter 2026 net sales increased 11% to $1.17 billion from $1.06 billion a year ago. Commercial & Industrial sales increased approximately 29% to $556 million from $431 million, while Residential sales declined approximately 2% to $621 million from $635 million. Consolidated gross profit margin was 44.5% versus 39.3% last year, and adjusted EBITDA was $291 million, or 24.8% of sales, versus $188 million, or 17.7%, with about a $71 million pretax tariff-refund benefit reflected in gross margin, net income, adjusted net income and adjusted EBITDA. GAAP net income was $143 million, or $2.40 per diluted share, versus $74 million, or $1.25, and adjusted net income was $174 million, or $2.91 per share, versus $97 million, or $1.65. Cash flow from operations was $121 million and free cash flow was $63 million. For 2026, management maintained consolidated sales growth outlook in the mid- to high teens range, raised C&I sales growth to the low 30s percent range, and lowered Residential sales growth to high single digits. Full-year gross margin is expected to be in the 40% range including tariff refunds, adjusted EBITDA margin is now guided to 20% to 21% including tariff refunds (18.5% to 19.5% excluding them), and free cash flow is still expected to be about $350 million. Capex is now expected to be about 4.5% of sales, interest expense about $65 million to $69 million, and GAAP tax rate 24.5% to 25%.
Aaron Jagdfeld struck an aggressively optimistic tone, saying the company is seeing a “generational growth opportunity” in data centers and that the business has a path to triple large-megawatt production capacity over the next 12 months from the original year-end 2026 target of $1.25 billion. He emphasized that the new hyperscale agreement and growing non-hyperscale funnel support accelerating demand into 2027 and beyond. On Residential, he was more measured but still upbeat, pointing to resilience in home standby generators, continued dealer expansion, and strong uptake of the new 28-kW product line.
York Ragen emphasized the hard numbers behind the quarter: 11% net sales growth to $1.17 billion, gross margin of 44.5%, adjusted EBITDA margin of 24.8%, GAAP EPS of $2.40, and free cash flow of $63 million. He said tariff refunds contributed about $71 million pretax in Q2 and that operating expenses rose only 2% year over year despite growth investments. On the outlook, he kept full-year sales growth in the mid- to high teens, increased C&I growth expectations to the low 30s percent range, lowered Residential to high single digits, and raised capex to about 4.5% of sales to support packaging and large-megawatt capacity; debt was about $1.33 billion and leverage was 1.5x gross debt to adjusted EBITDA.
Analysts focused heavily on the implications of the two hyperscale agreements, including capacity, supply chain, lead times, and how much visibility management now has into 2027 and 2028. Aaron said the first hyperscale deal includes about $700 million for 2027 deliveries, the second is at least as large, and backlog currently excludes the second deal and any 2028 orders. He also said lead times remain about 40 to 45 weeks versus competitors’ longer timelines, and that supply-chain second and third sources are being developed for 2027. On Residential, management said softer outage activity and affordability pressure are holding back growth, but in-home consultations, dealer count, and home standby demand remain resilient.
The call showed a meaningful step-up in visibility for Generac’s C&I/data center business, with $1.6 billion of backlog, nearly $450 million of expected 2026 data center revenue, and two hyperscale agreements that could extend into 2028. Management also said capacity additions are ahead of schedule, lead times remain competitive, and the company is seeing strong demand across colocators, rentals, telecom, and battery storage.
Residential remains under pressure from below-normal outage activity, affordability concerns, and softer portable and storage demand, which led management to modestly lower full-year Residential guidance. The large-megawatt opportunity still requires rapid execution on capex, packaging, and supply chain expansion, and management acknowledged that some third-party packaging and component sourcing will still be needed to support the targeted capacity ramp.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 98.4%
- Shares Outstanding
- 58.87M
- Float Shares
- 57.93M
of shares held by institutions
913 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for GNRC, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Julie JohnsonHouse · TX32 | Sell | Apr 1, 25 | Filing → |
| Robert P. BresnahanHouse · PA08 | Sell | Apr 8, 25 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Nov 3, 23 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Apr 25, 23 | Filing → |
| James LangevinHouse · RI02 | Buy | Dec 5, 22 | Filing → |
| James LangevinHouse · RI02 | Sell | Dec 20, 22 | Filing → |
| James LangevinHouse · RI02 | Sell | Dec 12, 22 | Filing → |
| Thomas SuozziHouse · NY03 | Sell | Nov 15, 22 | Filing → |
| James LangevinHouse · RI02 | Buy | Nov 29, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Nov 3, 22 | Filing → |
| Thomas SuozziHouse · NY03 | Sell | Oct 11, 22 | Filing → |
| James LangevinHouse · RI02 | Sell | Oct 20, 22 | Filing → |
| James LangevinHouse · RI02 | Sell | Oct 3, 22 | Filing → |
| Thomas SuozziHouse · NY03 | Buy | Sep 26, 22 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 6.59M | ▼ 44.41K |
| Blackrock, Inc. | 4.00M | ▲ 198.57K |
| Vanguard Capital Management LLC | 3.85M | ▲ 26.52K |
| Vanguard Portfolio Management LLC | 2.43M | ▲ 110.21K |
| State Street Corp | 2.23M | ▲ 53.66K |
| Invesco Ltd. | 1.70M | ▼ 587.03K |
| Geode Capital Management, LLC | 1.55M | ▲ 27.65K |
| Boston Partners | 1.32M | ▼ 218.96K |
| Ariel Investments, LLC | 997.95K | ▼ 296.84K |
| D. E. Shaw & Co., Inc. | 957.09K | ▼ 340.65K |
| Arrowstreet Capital, Limited Partnership | 887.62K | ▼ 150.87K |
| Dimensional Fund Advisors LP | 880.74K | ▼ 55.82K |
Held by 856 ETFs
Biggest fund positions in GNRC by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 1, 26 | Jagdfeld Aaron | sell | 5,000 |
| Sep 17, 26 | Taffe Norman P | other | 150 |
| Sep 17, 26 | Taffe Norman P | sell | 150 |
| Sep 17, 26 | Taffe Norman P | other | 150 |
| Sep 17, 26 | Raabe Kyle Andrew | other | 213 |
| Sep 17, 26 | Raabe Kyle Andrew | sell | 213 |
| Sep 17, 26 | Raabe Kyle Andrew | other | 213 |
| Sep 8, 26 | Taffe Norman P | other | 100 |
| Sep 8, 26 | Taffe Norman P | sell | 200 |
| Sep 8, 26 | Taffe Norman P | sell | 100 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our GNRC coverage
Recent articles, reports, and earnings notes.

Generac Holdings (GNRC): Data Center Growth Reaccelerates
Generac is shifting from a cyclical residential generator story toward a faster-growing power infrastructure business, led by data center demand and stronger C&I sales. The stock looks attractive on forward earnings, but the current price already reflects a meaningful recovery.

Generac Holdings Inc. (GNRC) spikes on Amazon deal
Generac Holdings Inc. (GNRC) spikes after announcing a major Amazon data-center supply agreement that could reach $8 billion. The deal boosts the company’s growth outlook, but investors must weigh the long delivery timeline, valuation, and potential dilution from the Amazon warrant.

Generac Holdings Inc. (GNRC) surges on Amazon deal
Generac Holdings Inc. (GNRC) surges after announcing a long-term Amazon agreement to supply backup generators for data centers. The deal could reach up to $8 billion in gross payments and reinforces Generac’s growing role in the data-center power market.
Want a deeper read on GNRC?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
Why Investors Need to Take Advantage of These 2 Industrial Products Stocks Now
zacks.com · Oct 5
Head to Head Contrast: Thermon Group (NYSE:THR) versus Generac (NYSE:GNRC)
defenseworld.net · Oct 4
Analyzing Generac (NYSE:GNRC) & Brenmiller Energy (NASDAQ:BNRG)
defenseworld.net · Sep 30
Why Investors Need to Take Advantage of These 2 Industrial Products Stocks Now
zacks.com · Sep 28
Bloom Energy Sinks 6% as Traders Take Profits on a 190% YTD Run; Generac and Cummins Pull Back
247wallst.com · Sep 24
Amazon's $8 Billion Generac Deal Shows AI's New Power Bottleneck
marketbeat.com · Sep 22
Generac (NYSE:GNRC) Insider Sells $34,425.00 in Stock
defenseworld.net · Sep 21
Kyle Andrew Raabe Sells 603 Shares of Generac (NYSE:GNRC) Stock
defenseworld.net · Sep 20
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 2, 2026 · Live quote · Not investment advice