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Stifel expects Generac shares to ‘react well’ after Q3 report
The Fly

Stifel expects Generac shares to ‘react well’ after Q3 report

Stifel analyst Stephen Gengaro says Generac’s (GNRC) Q3 results and “more optimistic outlook support our bullish outlook for the shares,” noting that stronger-than-expected margins boosted adjusted EBITDA 10% above the firm’s estimate despite a slight revenue miss. The firm, which awaits details on the conference call and expects “the stock to react well,” maintains a Buy rating on Generac shares.

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