Generac Hldgs (NYSE:GNRC) Stock, Quote.Headers.trade-ideas

Generac Hldgs

Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.

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GNRC

ONTO

Seagate Technology Holdings plc (NASDAQ: STX) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.05 per share, beating the Zacks Consensus Estimate by 40%. The company reported a non-GAAP loss of 18 cents per share in the year-ago quarter.

Seagate&#39;s Q4 Earnings Beat Estimates, Revenues Up Y/Y

SIMO

Generac Holdings Inc. (NYSE: GNRC) recently announced that it has been granted a hefty sum of up to $200 million, spanning over five years, by the U.S. Department of Energy (&#34;DOE&#34;). This grant belongs to the $1 billion Puerto Rico Energy Resilience Fund (PR-ERF).

Generac Wins $200M Grant From DOE for Solar Program

Thermometer,In,Front,Of,Cars,And,Traffic,During,Heatwave

Commodities

Movers

CARR

Extreme heat wave drives up US natural gas prices and stock prices for air conditioner manufacturers, utility companies, and some energy stocks.

Air Conditioner, Utilities Shares Climb As Heat Wave Heads From Midwest To The South

Generac Holdings Inc

<p><strong>Seagate Technology Holdings plc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.05 per share, beating the Zacks Consensus Estimate by 40%. The company reported a non-GAAP loss of 18 cents per share in the year-ago quarter.</p>
<p>Management anticipated fourth-quarter fiscal 2024 non-GAAP earnings to be 70 cents (+/- 20 cents).</p>
<p>Non-GAAP revenues of $1.887 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially. Management projected revenues to be $1.85 billion (+/- $150 million) for the fiscal fourth quarter.</p>
<p>Higher mass capacity revenues were driven by stronger global cloud demand. Mass capacity revenues surged 46% year over year to $1.437 billion. Its exabyte shipments now represent more than 90% of total exabyte shipments. Nearline cloud revenues more than doubled year over year, owing to higher traditional cloud computing workloads and new AI deployments.&nbsp;</p>
<div class="chart_embed">
<h3>Seagate Technology Holdings PLC Price, Consensus and EPS Surprise</h3>
<p><img alt="Seagate Technology Holdings PLC Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d7/1721821765.png" style="height:265px; width:583px" title="" /></p>
<p>Seagate Technology Holdings PLC price-consensus-eps-surprise-chart | Seagate Technology Holdings PLC Quote</p>
<p>Following the announcement, shares were up 5% in the premarket trading on Jul 24. In the past year, STX has gained 80.8% compared with the sub-industry&#39;s growth of 45.4%.</p>
</div>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/68/72303.jpg?v=2106150403" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Exabyte Shipments in Detail</h3>
<p>In the reported quarter, Seagate shipped 114.2 exabytes of HDD storage, up 25% year over year and 15% sequentially.</p>
<p>Average mass capacity increased 45% year over year and 6% sequentially to 9.3TB.</p>
<p>The company shipped 103.9 exabytes for the mass-capacity storage market (including nearline, video and image applications, and network-attached storage). This recorded a year-over-year increase of 38% in exabyte shipments and 17% sequentially. Average mass capacity per drive slightly increased sequentially to 12.6 TB from 12.5 TB.</p>
<p>In the nearline market, it shipped 84.3 exabytes of HDD, up 54% year over year and 18% sequentially.</p>
<p>Seagate shipped 10.3 exabytes for the legacy market (which includes mission-critical notebooks, desktops, gaming consoles, digital video recorders or DVR and external consumer devices), down 36% year over year and 3% sequentially. Average capacity increased 2% year over year to 2.5 TB.</p>
<h3>Revenues by Product Group</h3>
<p>Total revenues of HDD (91.5% of revenues) rose 25% year over year to $1.727 billion in the reported quarter. On a sequential basis, revenues were up 17%.</p>
<p>Systems, SSD &amp; Other segment&#39;s revenues (8.5%), including enterprise data solutions, cloud systems and solid-state drives, were $160 million, down 27% on a year-over-year basis and 10% sequentially.</p>
<p>Our estimates for revenues from HDD and non-HDD segments were $1.674 billion and $178 million, respectively.</p>
<h3>Margin Details</h3>
<p>Non-GAAP gross margin increased to 30.9% from 19.5% in the prior year quarter.</p>
<p>Non-GAAP operating expenses were down 1% on a year-over-year basis to $256 million.</p>
<p>Non-GAAP income from operations totaled $327 million, up from $55 million a year ago. Non-GAAP operating margin increased to 17.3% from 3.4% in the year-earlier quarter.</p>
<h3>Balance Sheet and Cash Flow</h3>
<p>As of Jun 28, 2024, cash and cash equivalents were $1.358 billion compared with $795 million as of Mar 29.</p>
<p>As of Jun 28, 2024, long-term debt (including the current portion) was $5.674 billion compared with $5.671 billion as of Mar 29.</p>
<p>Cash flow from operations was $434 million compared with $188 million in the previous quarter. Free cash flow amounted to $380 million compared with $128 million in the prior quarter. This includes $226 million from the sale of System-on-Chip Operations, net of transaction costs.</p>
<p>STX paid $147 million as dividends in the fiscal fourth quarter. It exited the quarter with 210 million shares outstanding.</p>
<p>For the fiscal year, STX reported $918 million in cash flow from operations and $664 million in free cash flow. It paid cash dividends of $585 million in the fiscal year.</p>
<p>Seagate announced a quarterly cash dividend of 70 cents per share. The dividend will be paid out on Oct 7, 2024, to its shareholders of record as of the close of business on Sep 23.</p>
<h3>Outlook</h3>
<p>Management anticipates first-quarter fiscal 2025 revenues to be $2.10 billion (+/- $150 million). STX expects incremental improvements in mass capacity demand, owing to strengthening demand from global cloud customers and modest improvement in the nearline enterprise market. The increase in mass capacity revenues is likely to offset lower revenues from legacy markets.</p>
<p>Gross margin is expected to benefit from a higher mix of mass capacity revenues and ongoing pricing actions.</p>
<p>For VIA, management anticipates sales to fluctuate in the second half of the calendar 2024. Though smart cities are the biggest end-market opportunity, the near-term budget visibility remains blurry amid existing macroeconomic uncertainty.</p>
<p>Non-GAAP earnings for the fiscal first quarter of 2025 are expected to be $1.40 per share (+/- 20 cents).</p>
<p>The non-GAAP operating expenses are expected to be $270 million. At the midpoint of the revenue guidance, management expects the non-GAAP operating margin to grow in the high-teens percentage range of revenues.</p>
<p>STX expects fiscal 2025 capex to be at or below the low end of its long-term target range of 4-6% of revenues.</p>
<p>Currently, Seagate sports a Zacks Rank #1 (Strong Buy).</p>
<h3>Other Stocks to Consider</h3>
<p>Some other top-ranked stocks worth consideration in the broader technology space are <strong>Badger Meter </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>), <strong>Generac Holdings </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gnrc#NYSE">GNRC</a>) and <strong>Onto Innovation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onto#NYSE">ONTO</a>). Badger Meter sports a Zacks Rank 1 while GNRC and ONTO carry a Zacks Rank #2 (Buy) each, at present.</p>
<p>The Zacks Consensus Estimate for Badger Meter&#39;s 2024 EPS is pegged at $4.06, up 4.4% in the past 30 days. BMI&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 12.9%. The long-term earnings growth rate is 16.7%. Shares of BMI have risen 24% in the past year.</p>
<p>In the last reported quarter, BMI reported earnings of $1.12 per share for the second quarter of 2024, beating the Zacks Consensus Estimate by 14.3%. Also, the bottom line compared favorably with the year-ago quarter&#39;s EPS of 76 cents. Quarterly net sales were $216.7 million, up 23% from $175.9 million in the year-ago quarter and surpassed the consensus mark by 7.86%. The uptick was attributed to healthy customer demand for its smart water solutions, smooth operational execution and accretive customer backlog conversion.</p>
<p>The Zacks Consensus Estimate for Onto Innovation&#39;s 2024 EPS is pegged at $5.05, unchanged in the past 30 days. ONTO&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters while missing the remaining one, with the average surprise being 2.6%. Shares of ONTO have gained 93.8% in the past year.</p>
<p>The Zacks Consensus Estimate for Generac&#39;s 2024 EPS is pegged at $6.16. GNRC&#39;s earnings beat the Zacks Consensus Estimate in two of the last four quarters while missing in the remaining quarters, with the average surprise being 5.8%. The long-term earnings growth rate is 12%. Shares of GNRC have risen 7.1% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2307600/seagate-s-stx-q4-earnings-beat-estimates-revenues-up-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2307600">To read this article on Zacks.com click here.</a></p>


Seagate's Q4 Earnings Beat Estimates, Revenues Up Y/Y

<p>Piper Sandler  analyst Kashy Harrison   maintains Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) with a Overweight and raises the price target from $150 to $175.</p>


Price Target

Piper Sandler Maintains Overweight on Generac Hldgs, Raises Price Target to $175

<p><strong>Generac Holdings Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gnrc#NYSE">GNRC</a>) recently announced that it has been granted a hefty sum of up to $200 million, spanning over five years, by the U.S. Department of Energy (&quot;DOE&quot;). This grant belongs to the $1 billion Puerto Rico Energy Resilience Fund (PR-ERF).</p>
<p>Through the PR-ERF&#39;s Programa Acceso Solar (Solar Access Program), Generac will fuel the installation of residential solar and battery storage systems for underdeveloped Puerto Rican households, with installations commencing in August 2024.</p>
<p>By collaborating with its local project affiliates in Puerto Rico, the company aims to elevate the conditions in low-income areas suffering from frequent and extended power disruptions by supplying clean and resilient energy solutions. The program will also empower households with residents who have energy-dependent disabilities.</p>
<p>Furthermore, the initiative is likely to generate potential job opportunities in the clean energy field and simultaneously foster Puerto Rico&#39;s vision of achieving a 100% renewable energy target by 2050.</p>
<p>To support the program, Generac will tie up with multiple companies like PathStone. It is a nonprofit organization that has been rendering humanitarian services and developing the workforce in Puerto Rico for more than two decades now. Alongside the Interstate Renewable Energy Council, PathStone will coordinate additional local community efforts to serve as liaisons between Solar Ambassadors, installers and eligible recipients.</p>
<p>FR-BLDM, a leading local contractor with deep expertise in government program management, will lead installations in association with other local, small, family-owned businesses in Puerto Rico. Juapi Energy, a PWRcell installer that serves as a Generac Service Dealer in Puerto Rico, will provide service support to residents and execute installations.</p>
<p>Also, Palmetto, a renowned climate technology company expediting the adoption of clean energy, will extend three of its commercial software applications&mdash; a fintech platform, installation partner portal and asset management services &mdash; to empower homeowners&#39; shift to solar and storage in Puerto Rico.</p>
<p>These partnerships will not only enhance the program&#39;s efficiency but also develop workforce and training sessions to provide jobs for residents in underprivileged communities across Puerto Rico.</p>
<p>Waukesha, WI-based Generac is one of the leading manufacturers of backup and prime power generation systems for residential and business applications, as well as energy monitoring and management devices and services, along with other power products.</p>
<p>The company is continuously working to solidify its foothold in the Power Generation industry. Recently, it expanded its energy management solutions portfolio with the addition of a cutting-edge electric vehicle charger. The level 2 charger (available in two formats, the 40A Plus and 48A Plus models) is built with Wi-Fi and Bluetooth connectivity for an enhanced user experience, having charging speeds eight times faster than an L1 charger.</p>
<p>At present, GNRC sports a Zacks Rank #1 (Strong Buy). The stock has gained 7.6% in the past year compared with the industry&#39;s growth of 1.8%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/44/71795.jpg?v=1174533689" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Stocks to Consider</h3>
<p>NVIDIA Corporation, sporting a Zacks Rank #1 at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%.</p>
<p>NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company&#39;s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.</p>
<p><strong>Motorola Solutions Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msi#NYSE">MSI</a>) provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure services. Motorola carries a Zacks Rank #2 (Buy) at present.</p>
<p>It delivered a trailing four-quarter average earnings surprise of 7.54% and has a long-term growth expectation of 9.47%. In the last reported quarter, Motorola delivered an earnings surprise of 11.51%.</p>
<p><strong>Silicon Motion Technology Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/simo#NASDAQ">SIMO</a>), carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 4.72%.</p>
<p>SIMO is a leading developer of microcontroller ICs for NAND flash storage devices. The semiconductor company also designs, develops and markets high-performance, low-power semiconductor solutions for original equipment manufacturers and other customers.</p>
<p><a href="https://www.zacks.com/stock/news/2304611/generac-gnrc-wins-200m-grant-from-doe-for-solar-program?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2304611">To read this article on Zacks.com click here.</a></p>


Generac Awarded Up To $200M Grant For Solar/Battery Storage Installations In Low-Income Puerto Rican Communities; Installations Begin August 2024 Under DOE's Programa Acceso Solar

<p>Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $155.17, a high estimate of $177.00, and a low estimate of $135.00. Marking an increase of 7.91%, the current average surpasses the previous average price target of $143.80. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721152849_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Generac Hldgs by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$155.00</td>
<td>$149.00</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$177.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$149.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Glynn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Generac Hldgs. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Generac Hldgs compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts navigate through adjustments in price targets, providing estimates for Generac Hldgs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>For valuable insights into Generac Hldgs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/GNRC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Generac Hldgs analyst ratings.</strong></a></p>
<h2>All You Need to Know About Generac Hldgs</h2>
<p>Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.</p>
<h3>Generac Hldgs's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Generac Hldgs showcased positive performance, achieving a revenue growth rate of <strong>0.15%</strong> as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> Generac Hldgs's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>2.65%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Generac Hldgs's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>1.0%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Generac Hldgs's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>0.46%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Generac Hldgs's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.72</strong>.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


A Glimpse Into The Expert Outlook On Generac Hldgs Through 6 Analysts

<p>JP Morgan  analyst Mark Strouse   maintains Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) with a Neutral and raises the price target from $149 to $155.</p>


JP Morgan Maintains Neutral on Generac Hldgs, Raises Price Target to $155

<p>Canaccord Genuity  analyst George Gianarikas   maintains Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) with a Buy and raises the price target from $150 to $177.</p>


Canaccord Genuity Maintains Buy on Generac Hldgs, Raises Price Target to $177

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Generac Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GNRC, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 20 options trades for <strong>Generac Hldgs</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 30%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $82,500, and 19, calls, for a total amount of $1,642,363.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $175.0 for Generac Hldgs, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In today's trading context, the average open interest for options of Generac Hldgs stands at 376.69, with a total volume reaching 1,700.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Generac Hldgs, situated within the strike price corridor from $100.0 to $175.0, throughout the last 30 days.</p>
<h3>Generac Hldgs 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720814485_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$55.7</td>
<td>$54.3</td>
<td>$55.0</td>
<td>$100.00</td>
<td>$275.0K</td>
<td>771</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$18.2</td>
<td>$17.0</td>
<td>$18.1</td>
<td>$138.00</td>
<td>$215.3K</td>
<td>1.0K</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$18.0</td>
<td>$18.0</td>
<td>$18.0</td>
<td>$138.00</td>
<td>$196.2K</td>
<td>1.0K</td>
<td style="text-align: right;">129</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$16.8</td>
<td>$15.2</td>
<td>$15.5</td>
<td>$138.00</td>
<td>$179.8K</td>
<td>1.0K</td>
<td style="text-align: right;">581</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$16.8</td>
<td>$15.3</td>
<td>$16.4</td>
<td>$138.00</td>
<td>$165.6K</td>
<td>1.0K</td>
<td style="text-align: right;">253</td>
</tr>
</tbody>
</table>
</p>
<h3>About Generac Hldgs</h3>
<p>Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.</p>
<p>In light of the recent options history for Generac Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Generac Hldgs</h3>
<ul>
<li>With a volume of 1,196,699, the price of GNRC is up 3.58% at $153.76. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 19 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Generac Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Generac Hldgs Unusual Options Activity For July 12

<p>High-rolling investors have positioned themselves bearish on Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GNRC often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 17 options trades for Generac Hldgs. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 23% bullish and 47% bearish. Among all the options we identified, there was one put, amounting to $147,500, and 16 calls, totaling $1,314,070.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $155.0 for Generac Hldgs over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Generac Hldgs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Generac Hldgs's whale trades within a strike price range from $95.0 to $155.0 in the last 30 days. </p>
<h3>Generac Hldgs Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720725444_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$48.2</td>
<td>$47.0</td>
<td>$47.47</td>
<td>$100.00</td>
<td>$237.3K</td>
<td style="text-align: right;">721</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GNRC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.2</td>
<td>$5.7</td>
<td>$5.9</td>
<td>$105.00</td>
<td>$147.5K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.6</td>
<td>$12.3</td>
<td>$12.5</td>
<td>$155.00</td>
<td>$125.0K</td>
<td style="text-align: right;">118</td>
<td style="text-align: right;">352</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.8</td>
<td>$12.5</td>
<td>$12.5</td>
<td>$155.00</td>
<td>$120.0K</td>
<td style="text-align: right;">118</td>
<td style="text-align: right;">33</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$12.6</td>
<td>$12.4</td>
<td>$12.5</td>
<td>$155.00</td>
<td>$97.5K</td>
<td style="text-align: right;">118</td>
<td style="text-align: right;">652</td>
</tr>
</tbody>
</table>
</p>
<h3>About Generac Hldgs</h3>
<p>Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.</p>
<p>After a thorough review of the options trading surrounding Generac Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Generac Hldgs</h3>
<ul>
<li>With a volume of 497,673, the price of GNRC is up 3.49% at $147.08. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 20 days.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Generac Hldgs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Generac Hldgs Unusual Options Activity For July 11

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Generac Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GNRC, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for <strong>Generac Hldgs</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 66% bullish and 0%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $66,780, and 8, calls, for a total amount of $554,146.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $140.0 for Generac Hldgs during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Generac Hldgs options trades today is 125.5 with a total volume of 6,162.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Generac Hldgs's big money trades within a strike price range of $125.0 to $140.0 over the last 30 days.</p>
<h3>Generac Hldgs Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719860521_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.2</td>
<td>$7.9</td>
<td>$8.2</td>
<td>$140.00</td>
<td>$104.9K</td>
<td style="text-align: right;">32</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$3.1</td>
<td>$2.8</td>
<td>$3.1</td>
<td>$136.00</td>
<td>$97.6K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$2.05</td>
<td>$2.0</td>
<td>$2.0</td>
<td>$140.00</td>
<td>$82.2K</td>
<td style="text-align: right;">456</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>GNRC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$0.65</td>
<td>$0.6</td>
<td>$0.6</td>
<td>$125.00</td>
<td>$66.7K</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$1.95</td>
<td>$1.75</td>
<td>$1.95</td>
<td>$140.00</td>
<td>$64.9K</td>
<td style="text-align: right;">456</td>
<td style="text-align: right;">563</td>
</tr>
</tbody>
</table>
</p>
<h3>About Generac Hldgs</h3>
<p>Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.</p>
<p>In light of the recent options history for Generac Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Generac Hldgs</h3>
<ul>
<li>Trading volume stands at 463,390, with GNRC's price up by 0.4%, positioned at $132.75.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Generac Hldgs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Decoding Generac Hldgs's Options Activity: What's the Big Picture?

Generac Holdings Announces Acquisition Of Powerplay Battery Energy Storage Systems, A Division Of Sungrid Solutions; Move Strengthens Company's Position In Commercial And Industrial Battery Energy Storage Systems Market

<p>Shares for air conditioner manufacturers and utility companies are rising with the temperatures <a href="https://www.benzinga.com/markets/equities/24/06/39401498/extreme-heat-waves-set-to-drive-up-us-natural-gas-prices-10-energy-stocks-to-watch-this-summer">as a heat wave</a> that has scorched the Midwest makes its way to the South.</p>
<p><strong>What Happened:</strong> A major heat wave that brought sweltering temperatures to the Midwest and Mid-Atlantic for more than a week is now headed to the South, as the more northern regions face severe storms and widespread floods, NPR <a href="https://www.npr.org/2024/06/22/g-s1-5772/heat-wave-storms-midwest-east-coast">reported</a>.</p>
<p>As of Sunday, more than 123 million people across multiple U.S. states were under heat advisories including South Dakota, Nebraska, Kansas, Oklahoma, Iowa, Missouri, Arkansas, Louisiana, Florida, Connecticut, Pennsylvania, New York, New Jersey, Delaware, Virginia, Maryland and North Carolina.</p>
<p>The Midwest began to see temperatures fall this weekend, while a heat wave In the South that is forecast to take temperatures over 100 degrees is expected to appear early this week, according to NPR.</p>
<p><em>Also Read: <a href="https://www.benzinga.com/news/24/06/39410137/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></em></p>
<p>The extreme temperatures are caused by a <strong>heat dome </strong>— a high pressure system that pushes hot air down and traps it — that is becoming more common and intense due to climate change.</p>
<p>Some parts of Mississippi experienced heat indexes of 105 to 110 degrees on Sunday and the scorching temperatures will last through Tuesday,&nbsp;The National Weather Service in Jackson said. </p>
<p>The heat index is forecast to exceed 100 degrees in middle Tennessee from Sunday to Tuesday, according to NWS Nashville.</p>
<p>Meteorologists in Arkansas said Little Rock and surrounding areas were under &#8220;extreme risk&#8221; on Monday and Tuesday, NPR reported.</p>
<p><strong>Price action:</strong> <strong>Generac Holdings Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) gained 1.66% by Monday&#8217;s mid-day trading, while <strong>Comfort Systems USA, Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) ticked up 0.34% and <strong>Watsco, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) improved 1.36%. <strong>Lennox International Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) gained 1.02% and <strong>Carrier Holdings Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) jumped 3.19%.</p>
<p>Utilities also rose with the heat on Monday by mid-day. <strong>American Electric Power Company, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>), which provides electricity to 11 states in the Midwest and the South, gained 0.97, while <strong>CenterPoint Energy</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), which also makes energy for these regions, edged up 0.74%. <strong>Entergy Corp </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>), which provides service to Louisiana, Mississippi, Arkansas and Texas, is up 1.74%. <strong>CMS Energy Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>), a Michigan utility, gained 1.5% by mid-day.</p>
<p><em>Read Now: <a href="https://www.benzinga.com/news/24/06/39410137/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></em></p>
<p><em>Photo: <a href="https://www.shutterstock.com/g/Kagool">Marc Bruxelle</a> via Shutterstock</em></p>


<p>As residents of the Midwest and Mid-Atlantic United States brace for a historic heat wave, here are 10 stocks that could be impacted by <a href="https://www.benzinga.com/topic/weather">June&#8217;s extreme weather</a>.</p>
<p><strong>The Forecast: </strong><a href="https://www.accuweather.com/">According</a> to AccuWeather, several major population centers will see extreme heat this week.</p>
<p>Chicago is forecasted to experience temperatures exceeding 90 degrees through Friday, similar to the heatwaves seen in 2022 and 2023. No rain is expected for the week.</p>
<p>Fellow Midwestern cities Detroit, Cleveland and Cincinnati will see temperatures in the mid-to-high 90s through Friday.</p>
<p>On the East Coast, temperatures are expected to be even higher. New York City is forecasted to reach the mid-90s, Philadelphia will climb to the high 90s, and Washington D.C. is predicted to top out at over 100 degrees.</p>
<p><strong>Affected Stocks:</strong> Temperatures <a href="https://www.benzinga.com/real-estate/23/12/36046628/could-climate-change-resistant-housing-be-the-next-innovation-in-home-construction">have increased steadily</a> in recent years. The phenomenon, widely attributed to the effects of climate change, has affected companies in various sectors.</p>
<p>Several large manufacturers of air conditioners in the U.S. typically see a surge in sales following periods of extreme weather. This trend is unsurprising given the increased demand for cooling solutions during heatwaves. <strong>Carrier Global Corp </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), <strong>Trane Technologies PLC</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>), <strong>Lennox International Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) and <strong>Watsco Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) are among the largest HVAC manufacturers.</p>
<p><strong>Lowe&#8217;s Companies Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) and <strong>Home Depot Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) are the two largest companies in home improvement; the companies sell a wide range of products including fans and air conditioners. </p>
<p><strong>Generac Holdings Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) is a manufacturer of backup power generation for residential, commercial and industrial purposes. Demand for generators is likely to rise after extreme weather events, such as heatwaves, hurricanes, or floods, due to the increased need for backup power during outages.</p>
<p><strong>Edgewell Personal Care Co</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPC#NYSE">EPC</a>) manufactures sunscreen under the brands Banana Boat and Hawaiian Tropic, two of the most popular names in the United States.</p>
<p>Attendance at theme parks could wane during prolonged stretches of extreme heat. <strong>Walt Disney Co</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and <strong>Six Flags Entertainment Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>) are two of the largest amusement park operators in the U.S.</p>
<p><em>Also Read: <a href="https://www.benzinga.com/markets/esg/24/05/39012013/noaa-meteorologists-predict-aggressive-hurricane-season-what-it-means-for-home-depot-generac-other-s">NOAA Meteorologists Predict Aggressive Hurricane Season: What It Means For Home Depot, Generac, Other Storm-Related Stocks</a></em></p>
<p><em>Image generated using artificial intelligence via Midjourney.</em></p>


Heat Wave Hits US: 10 Stocks To Watch During June's Sweltering Temperatures

<p>The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing up 0.6% at 19,576 points and reaching new all-time highs as tech stocks <a href="https://www.benzinga.com/tech">drive broader market gains</a>.</p>
<p>The S&amp;P 500 also recorded its fourth straight positive day, rising 0.2% to a record closing level of 5,433 points, rebounding from a morning dip caused by <a href="https://www.benzinga.com/markets/equities/24/06/39310762/producer-inflation-rise-less-than-expected-jobless-claims-soar-thursdays-economic-digest">disappointing unemployment claims data.</a></p>
<p>In the afternoon, traders regained confidence in risky assets after U.S. Treasury Secretary <strong>Janet Yellen</strong> expressed optimism about continued progress in disinflation. While Yellen noted easing labor market pressures, she emphasized that the job market remains strong.</p>
<p>The market anticipates a rate cut in September with a probability nearing 70%, and is currently pricing in over 50 basis points of cuts by the end of the year, equivalent to two fully priced rate cuts.</p>
<p>Thursday&#8217;s performance among the eleven sectors of the S&amp;P 500 saw technology leading, up 1%, followed by real estate, up 0.5%, both supported by growing expectations of interest rate cuts.</p>
<p>Energy was the biggest laggard, down 0.9%, followed by communication services, down 0.7%.</p>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<thead>
<tr>
<th>Sector</th>
<th>1-day %chg</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Technology Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>1.02%</td>
</tr>
<tr>
<td><strong>Real Estate</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>0.52%</td>
</tr>
<tr>
<td><strong>Utilities Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>0.19%</td>
</tr>
<tr>
<td><strong>Consumer Discretionary</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>0.13%</td>
</tr>
<tr>
<td><strong>Consumer Staples</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>0.12%</td>
</tr>
<tr>
<td><strong>Materials</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>-0.03%</td>
</tr>
<tr>
<td><strong>Health Care</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-0.04%</td>
</tr>
<tr>
<td><strong>Financial Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>-0.10%</td>
</tr>
<tr>
<td><strong>Industrials</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>-0.64%</td>
</tr>
<tr>
<td><strong>Communication Services Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>-0.73%</td>
</tr>
<tr>
<td><strong>Energy</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>-0.93%</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<h3 class="wp-block-heading">Nasdaq 100&#8217;s Top 5 Risers </h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Name</strong></td>
<td><strong>Last</strong></td>
<td><strong>Chg %</strong></td>
</tr>
<tr>
<td><strong>Broadcom Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>1,679.29</td>
<td>12.29%</td>
</tr>
<tr>
<td><strong>NVIDIA Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>129.37</td>
<td>3.33%</td>
</tr>
<tr>
<td><strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>182.33</td>
<td>2.84%</td>
</tr>
<tr>
<td><strong>Exelon Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>)</td>
<td>35.40</td>
<td>1.86%</td>
</tr>
<tr>
<td><strong>Micron Technology, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>143.08</td>
<td>1.66%</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<h3 class="wp-block-heading">Nasdaq 100&#8217;s Top 5 Fallers</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Name</strong></td>
<td><strong>Last</strong></td>
<td><strong>Chg %</strong></td>
</tr>
<tr>
<td><strong>Warner Bros. Discovery Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>7.31</td>
<td>-6.40%</td>
</tr>
<tr>
<td><strong>MongoDB, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>)</td>
<td>218.14</td>
<td>-4.85%</td>
</tr>
<tr>
<td><strong>Atlassian Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>)</td>
<td>156.04</td>
<td>-4.17%</td>
</tr>
<tr>
<td><strong>Zscaler, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>)</td>
<td>181.00</td>
<td>-4.15%</td>
</tr>
<tr>
<td><strong>Sirius XM Holdings Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>)</td>
<td>2.53</td>
<td>-3.93%</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Risers</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Name</strong></td>
<td><strong>Last</strong></td>
<td><strong>Chg %</strong></td>
</tr>
<tr>
<td><strong>Super Micro Computer Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>871.16</td>
<td>12.45%</td>
</tr>
<tr>
<td><strong>Broadcom Inc.</strong></td>
<td>1,678.90</td>
<td>12.26%</td>
</tr>
<tr>
<td><strong>Arista Networks, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</td>
<td>331.67</td>
<td>6.53%</td>
</tr>
<tr>
<td><strong>Incyte Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>)</td>
<td>62.68</td>
<td>4.57%</td>
</tr>
<tr>
<td><strong>Qorvo, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>)</td>
<td>113.36</td>
<td>4.27%</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Fallers</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Name</strong></td>
<td><strong>Last</strong></td>
<td><strong>Chg %</strong></td>
</tr>
<tr>
<td><strong>Paramount Global</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)</td>
<td>10.35</td>
<td>-6.92%</td>
</tr>
<tr>
<td><strong>Warner Bros. Discovery Inc.</strong> </td>
<td>7.31</td>
<td>-6.40%</td>
</tr>
<tr>
<td><strong>Etsy, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>)</td>
<td>60.15</td>
<td>-4.93%</td>
</tr>
<tr>
<td><strong>Generac Holdings Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>)</td>
<td>136.17</td>
<td>-4.58%</td>
</tr>
<tr>
<td><strong>Albemarle Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>)</td>
<td>108.23</td>
<td>-3.92%</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<p><em>Now Read</em>: <em><a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39317123/goldman-sachs-reaffirms-september-rate-cut-forecast-downplays-feds-hawkish-surprise">Goldman Sachs Reaffirms September Rate Cut Forecast, Downplays Fed&#8217;s &#8216;Hawkish Surprise&#8217;</a></em></p>
<p><em>Image: Shutterstock</em></p>


Equities

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Large Cap

Macro Notification

Mid Cap

Broad U.S. Equity ETFs

Small Cap

ETFs

ANET

AVGO

ETSY

INCY

NVDA

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SIRI

SMCI

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XLRE

Select Sector SPDR-Consumer Discretionary

Nasdaq 100, S&P 500 Close At Record Highs As Tech Stocks Reclaim Dominance: Thursday's Gainers & Losers

<p>Financial giants have made a conspicuous bearish move on Generac Hldgs. Our analysis of options history for Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) revealed 10 unusual trades.</p>
<p>Delving into the details, we found 10% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $175,529, and 7 were calls, valued at $290,195.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $140.0 for Generac Hldgs, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Generac Hldgs options trades today is 203.5 with a total volume of 102.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Generac Hldgs's big money trades within a strike price range of $60.0 to $140.0 over the last 30 days.</p>
<h3>Generac Hldgs Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1718306262_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>GNRC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.6</td>
<td>$10.2</td>
<td>$10.2</td>
<td>$130.00</td>
<td>$101.9K</td>
<td style="text-align: right;">355</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$15.3</td>
<td>$14.7</td>
<td>$15.0</td>
<td>$140.00</td>
<td>$67.5K</td>
<td style="text-align: right;">117</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$30.2</td>
<td>$28.4</td>
<td>$28.75</td>
<td>$120.00</td>
<td>$54.6K</td>
<td style="text-align: right;">30</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GNRC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$43.6</td>
<td>$43.0</td>
<td>$43.0</td>
<td>$100.00</td>
<td>$43.0K</td>
<td style="text-align: right;">247</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GNRC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.2</td>
<td>$10.1</td>
<td>$10.1</td>
<td>$125.00</td>
<td>$38.3K</td>
<td style="text-align: right;">462</td>
<td style="text-align: right;">33</td>
</tr>
</tbody>
</table>
</p>
<h3>About Generac Hldgs</h3>
<p>Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.</p>
<p>In light of the recent options history for Generac Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Generac Hldgs</h3>
<ul>
<li>Trading volume stands at 716,157, with GNRC's price down by -5.09%, positioned at $135.43.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Generac Hldgs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


This Is What Whales Are Betting On Generac Hldgs

WIIM

Generac Holdings shares are trading lower after Janney Montgomery Scott downgraded the stock from Buy to Neutral.

<p>In the preceding three months, 5 analysts have released ratings for Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Generac Hldgs, presenting an average target of $149.8, a high estimate of $170.00, and a low estimate of $135.00. Observing a 7.0% increase, the current average has risen from the previous average price target of $140.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1718287226_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The standing of Generac Hldgs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$149.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Glynn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$140.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Generac Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Generac Hldgs compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Generac Hldgs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Generac Hldgs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/GNRC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Generac Hldgs analyst ratings.</strong></a></p>
<h2>Get to Know Generac Hldgs Better</h2>
<p>Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.</p>
<h3>A Deep Dive into Generac Hldgs's Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Generac Hldgs showcased positive performance, achieving a revenue growth rate of <strong>0.15%</strong> as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Generac Hldgs's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>2.65%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Generac Hldgs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>1.0%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Generac Hldgs's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>0.46%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Generac Hldgs's debt-to-equity ratio is below the industry average at <strong>0.72</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Demystifying Generac Hldgs: Insights From 5 Analyst Reviews

<p>Janney Montgomery Scott  analyst Sean Milligan   downgrades Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) from Buy to Neutral.</p>


Downgrades

Janney Montgomery Scott Downgrades Generac Hldgs to Neutral

<h3>Gainers</h3>
<ul>
<li><strong>Archer Aviation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares increased by 3.8% to $3.58 during Wednesday's after-market session. The company's market cap stands at $1.1 billion. </li>
<li><strong>Velo3D</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock rose 1.47% to $0.14. The company's market cap stands at $42.7 million. </li>
<li><strong>Generac Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) shares moved upwards by 0.93% to $142.36. The company's market cap stands at $8.6 billion. </li>
<li><strong>Stanley Black &amp; Decker</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) shares increased by 0.74% to $85.05. The market value of their outstanding shares is at $13.0 billion. </li>
<li><strong>Toro</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) shares rose 0.59% to $80.11. The market value of their outstanding shares is at $8.3 billion. </li>
<li><strong>Ocean Power Techs</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock increased by 0.55% to $0.18. The company's market cap stands at $10.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Multi Ways Holdings</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) shares fell 11.7% to $0.52 during Wednesday's after-market session. The market value of their outstanding shares is at $16.0 million. </li>
<li><strong>Innovate</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) shares declined by 6.38% to $0.66. The market value of their outstanding shares is at $55.8 million. </li>
<li><strong>Getaround</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) shares decreased by 6.2% to $0.17. The company's market cap stands at $15.3 million. </li>
<li><strong>ACCO Brands</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) shares declined by 5.0% to $4.95. The market value of their outstanding shares is at $473.4 million. </li>
<li><strong>Nuburu</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock declined by 2.94% to $0.17. The market value of their outstanding shares is at $6.6 million. </li>
<li><strong>Surf Air Mobility</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares decreased by 2.85% to $0.32. The company's market cap stands at $26.3 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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<p><strong>Generac Hldgs's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) short percent of float has risen 4.96% since its last report. The company recently reported that it has <strong>3.42 million shares sold short</strong>, which is 6.56% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.09 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Generac Hldgs Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1717098316_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Generac Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Generac Hldgs's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Generac Hldgs's peer group average for short interest as a percentage of float is 11.31%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>One of the best ways to multiply your wealth every summer is by picking up some of the top hurricane stocks to buy.</p>



<p>With Hurricane Beryl, we were again reminded of how powerful and destructive hurricanes can be. We&rsquo;re also reminded of how important it is to get out of their way and safeguard property, as we saw with Texas and Jamaica these. last few days.</p>



<p>Unfortunately, we could see many more this season.</p>



<p>According to <a href="https://weather.com/storms/hurricane/news/2024-04-17-weather-company-hurricane-season-outlook-april">The Weather Channel</a>, the 2024 hurricane season could be one of the most active on record. &ldquo;The outlook calls for 24 named storms, 11 of which will become hurricanes and six of which will reach Category 3 status or stronger,&rdquo; it noted. &ldquo;T&#8203;hat&rsquo;s well above the 30-year average tally for both hurricanes and storms and also markedly above the tally of 20 storms, seven hurricanes, and three Cat 3-plus hurricanes in 2023.&rdquo;</p>



<p>That being said, if you&rsquo;re in the way of a hurricane, get out of the way and stay safe. As for those looking to invest in hurricane season this summer, here are a few standout stocks to buy today.</p>



<h2>Generac Holdings (GNRC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/generac-gnrc-stock-1600-300x169.jpg" alt="Generac GP7500E 7500-Watt Gasoline during Fundraising Event in Olney, MD"><div>Source: Lissandra Melo / Shutterstock.com</div></div><p><strong>Generac Holdings</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gnrc-stock-quote/"><strong>GNRC</strong></a>), an $8.6 billion residential generator company, tends to push higher during most hurricane seasons. Last year, for example, GNRC ran from about $108 to a high of nearly $157. This year, it&rsquo;s just starting to gain momentum, running from about $130 to $143.</p>



<p>As noted by <a href="https://www.generatorsource.com/Articles/Power-Sources/Diesel-Generators-Critical-Power.aspx#:~:text=Turbulent%20Hurricane%20Season%20Increases%20the%20Need%20for%20Generators&amp;text=The%20high%20winds%20can%20take,generators%20has%20become%20so%20high.">GeneratorSource.com</a>, &ldquo;The high winds can take down power poles and cause damage to power plants. It can take weeks and, in many cases, months before power company personnel are able to fully restore power. This is why the demand for backup power generators has become so high.&rdquo;</p>



<p>With the 2024 hurricane season starting, I expect generator demand &ndash; and for Generac Holdings&rsquo; stock &ndash; to accelerate. Helping, at the end of June, <a href="https://markets.businessinsider.com/news/stocks/generac-holdings-gnrc-gets-a-buy-from-truist-financial-1033416368">analysts at Truist</a> reiterated a buy rating on GNRC with a price target of $170 a share.</p>



<p>It&rsquo;s one of the top stocks to buy this summer. From here, I&rsquo;d like to see it initially retest $155.</p>



<h2>Xylem (XYL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/xyl-stock-1-300x169.jpg" alt="xylem app"><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Xylem</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/xyl-stock-quote/"><strong>XYL</strong></a>), a $32 billion water stock, also benefits from hurricane season.</p>



<p>After all, <a href="https://www.investopedia.com/articles/markets/022616/6-stocks-benefit-weather-event.asp#:~:text=Water%20Solution%20Companies,to%20help%20in%20these%20cases.">according to Investopedia.com</a>, &ldquo;Clean water shortages can occur after a major storm hits, especially when floodwater affects public drinking water. Companies that can test and treat water, as well as transport it, are needed and are often contracted by the government to help in these cases.&rdquo;</p>



<p>If you pull up a three-year chart of XYL, you can see the stock rallies around June-July most years with storm seasons. This year, we expect to see similar upside, as it starts to pivot from oversold conditions at $133, where it&rsquo;s a buy. Even better, while we wait for further upside in the stock, we can collect its current yield of 1.1%.</p>



<p>Plus, earnings haven&rsquo;t been too shabby. In its first quarter, its earnings per share of 90 cents beat by 6 cents. Revenue of $2 billion was up 40.4% year over year. It also raised its full-year revenue guidance to $8.5 billion, up about 15% to 16% year over year. And it raised its full-year adjusted earnings per share to $4.10 to $4.25 from a prior range of $4 to $4.20.</p>



<h2>Home Depot (HD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/hd1600f-300x169.jpg" alt="earnings reports hd"><div>Source: Northfoto / Shutterstock.com</div></div><p>Home improvement retailer <strong>Home Depot</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/hd-stock-quote/"><strong>HD</strong></a>) plays a big part in post-hurricane cleanups, too.</p>



<p>And as we&rsquo;ve seen with Generac and Xylem, Home Depot&rsquo;s stock also perks up in hurricane season. In 2020, between June and November, HD ran from about $222 to $253. By 2021, it ran from about $291 to $381. Then by 2022, it ran from $282 to $311. In 2023, HD ran from about $273 to just over $309 a share. This year, I&rsquo;d like to see a similar move, especially with how active the storm season is expected to be.</p>



<p>Better, as we wait for Home Depot to push higher, we can collect its yield of 2.7%.&nbsp;&nbsp;Helping, about <a href="https://www.tipranks.com/stocks/hd/forecast">17 analysts rate HD a &ldquo;buy&rdquo;</a> with an average price target of $382.59. The high-end of estimates puts HD at $425 a share. <a href="https://www.streetinsider.com/Analyst+Comments/Evercore+ISI+Reiterates+Outperform+Rating+on+Home+Depot+%28HD%29/23220082.html">Analysts at Evercore ISI</a>, for example, have an outperform rating on the stock with a price target of $420.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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Generac Hldgs

Generac Hldgs (GNRC) Forecast

Generac Hldgs (NYSE:GNRC) Stock, Quote.Headers.trade-ideas