Generac Holdlings Inc.

GNRC Details – ‘Buy’ Recommendation

Generac Holdlings Inc. (NYSE: GNRC) is involved in the manufacturing of the widest range of power products in the marketplace that comprises portable, residential, commercial, and industrial generators. The company is also engaged in the designing and manufacturing manual and fully automatic transfer switches and accessories for backup power applications up to 2 MW.

Valuation Methodology: EV/Sales Based Relative Valuation (Illustrative)

Technical Overview:

Daily price Chart

Source: REFINITIV, Note: Purple color line reflects Relative Strength Index (14-Period)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Generac Holdlings Inc. (GNRC) is a part of Kalkine’s Global Fully Charged Product

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Investment decisions should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the analysis has been achieved and subject to the factors discussed above alongside support levels provided.

Technical Indicators Defined:-

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.