TD Cowen analyst Jeff Osborne has maintained their bullish stance on GNRC stock, giving a Buy rating on February 11.
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Jeff Osborne has given his Buy rating due to a combination of factors that suggest Generac Holdings is positioned for long-term growth. The company achieved record residential sales in the fourth quarter of 2024, driven by increased power outages, which have become more frequent and severe. This trend supports the long-term growth outlook as demand for Generac’s products, particularly their new and improved models, continues to rise.
Additionally, Generac is in the process of launching significant product updates, including the 28kw home standby generator and new solar and storage solutions, which are expected to enhance its competitive position. Despite a conservative 2025 guidance that does not account for any major outages, the company’s new product ramp-up and record high activations in January 2025 underline its strong market presence. Although the midpoint of the revenue guidance is below consensus, the strategic product developments and ongoing demand trends underpin Osborne’s confidence in the stock’s performance.
In another report released on February 11, Stifel Nicolaus also maintained a Buy rating on the stock with a $210.00 price target.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GNRC in relation to earlier this year.