Generac Holdings Inc
GNRC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$594.00 | Ctwvsd | Xzrxclk |
Generac: Hurricane Beryl-Driven Power Outages Should Provide Incremental Revenue Opportunity
Hurricane Beryl has roiled the country this week, causing widespread power outages in the Houston, Texas area. We believe the magnitude and duration of the event should present an incremental revenue opportunity for Generac. As such, we are increasing our 2024 and 2025 revenue estimates by approximately 1%. We raise our fair value estimate to $130 from $126 and view shares as fairly valued.