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BofA lowers Generac Holdings PT; shares fall

ReutersMar 26, 2026 12:52 PM

Shares of Generac Holdings GNRC.N fall 3% to $199 in premarket trading

BofA lowers co's price target to $248 from $260, representing a 20.9% upside on stock's last close

"Generac is pivoting from an outage-sensitive residential generator business into a diversified power resiliency platform with structural exposure to AI-driven data center demand," brokerage says

Adds that investor frustration is understandable as GNRC came in investor day without a hyperscaler purchase order

Brokerage says while co's backlog jumped to $700 mln from $400 mln at Q4, the bottleneck is alternators at 3MW+, with supply easing into late 2026

On Wednesday, GNRC said it will reorganize its Domestic and International segments into Residential and Commercial & Industrial (C&I) divisions, effective March 31

As of last close, shares up about 50.4% YTD

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