Analyst Jeff Osborne of TD Cowen maintained a Buy rating on Generac Holdings (GNRC – Research Report), retaining the price target of $173.00.
Jeff Osborne has given his Buy rating due to a combination of factors that suggest a positive outlook for Generac Holdings. The company is expected to benefit from strong demand in the first half of 2025, driven by a backlog related to recent storm activity and an increased urgency for grid reliability. This demand is further supported by healthy residential consultation volumes and the scaling of new products such as PWRcell 2 and Ecobee within the Energy Tech segment.
Additionally, Generac’s strategic investments in distributed energy resources and the transition of its genset platform from 26kw to 28kw indicate a focus on innovation and market adaptation. However, there are challenges, such as mixed trends in the Commercial and Industrial sectors and potential impacts from new U.S. trade policies and tariffs. Despite these uncertainties, Osborne sees potential upside in the company’s performance, particularly if storm-related benefits materialize as expected.
Osborne covers the Technology sector, focusing on stocks such as Enphase Energy, Itron, and SolarEdge Technologies. According to TipRanks, Osborne has an average return of -2.0% and a 36.45% success rate on recommended stocks.
In another report released on March 25, Piper Sandler also maintained a Buy rating on the stock with a $175.00 price target.