Jefferies upgrades Generac to 'hold' as margins seen improving with clean tech exit

** Jefferies upgrades rating on power equipment maker Generac Holdings GNRC.N to "hold" from "underperform"

** Lifts PT to $200 from $150, an upside of 1.9% from the stock's last close

** Brokerage says co will scale back investment in its residential solar business after the segment delivered weak returns and faced product recall issues

** Notes Generac expects reduced margin pressure after cutting back its energy technology business, which had been projected to dilute 2025 EBITDA margins by up to 3.5%

** However, trims 2025 EPS forecast to $7.43 from $8.04

** Thirteen of 22 brokerages rate the stock "buy" or higher, nine "hold"; their median PT is $202.50 - data compiled by LSEG

** YTD stock is up 26.6%