Generac rallies with market; BofA reinstates coverage at 'buy'

Shares of Generac Holdings GNRC.N up 4% at $136.79, after touching nearly one-month high early Mon, amid broader rally in equities after Trump administration signals softer tariffs stance .N

BofA Global Research reinstates coverage of the home standby generator maker with 'buy' rating and PT of $182, implying ~38% upside to stock's last close

GNRC well positioned to benefit from worsening grid reliability and increasingly severe weather disasters, BofA says in note

BofA cites tailwinds of shifting demographics, as retirees reliant on power for medical devices and refrigerated medications, and migration to outage-prone states like Texas and Florida

Brokerage says GNRC's smart home-energy tech, led by Ecobee and storage, also a catalyst and supports its above-consensus estimates

Of 27 analysts covering GNRC, recommendation breakdown is 13 "strong buy" or "buy", 12 "hold, a 2 "sell" or "strong sell", per LSEG

Median PT of $174 down from $186 three months ago

Including moves on Mon, GNRC down ~12% YTD and well underperforming the S&P 500 Industrials sector, which is up nearly 2% in 2025