UPDATE: Canaccord Genuity Initiates Generac Holdings at Buy on Resilient Growth Profile - Generac Hldgs (NYSE:GNRC)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Canaccord Genuity initiated its coverage on Generac Holdings (NYSE: GNRC) with a Buy rating and a price target of $28. Canaccord Genuity noted, "The company has best-in-class organic growth (~15% CAGR last decade despite downturn in housing), with extreme weather events and power grid strain driving increased awareness. The company's differentiated engine technology, scale and focus on lean manufacturing are key advantages, in our view."Generac Holdings closed at $22.89 on Tuesday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!