5 American Manufacturing Stocks to Buy Now

In this article, we discuss the 5 American manufacturing stocks to buy now. If you want to read about some more American manufacturing stocks, go directly to “Still Optimistic”: 10 American Manufacturing Stocks to Buy Now.

5. Generac Holdings Inc. (NYSE:GNRC)

Number of Hedge Fund Holders: 34     

Generac Holdings Inc. (NYSE:GNRC) designs, manufactures, and sells power generation equipment, energy storage systems, and other power products. The firm features on the list of American manufacturing stocks to buy now as it markets engines, alternators, batteries, electronic controls, steel enclosures, and residential automatic standby generators, including the flagship Mobile Link, a remote monitoring system for home standby generators. The firm was founded in 1959 and is based in Wisconsin. 

On August 8, JPMorgan analyst Mark maintained an Overweight rating on Generac Holdings Inc. (NYSE:GNRC) stock and raised the price target to $421 from $415, noting the firm would benefit from the Inflation Reduction Act. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Impax Asset Management is a leading shareholder in Generac Holdings Inc. (NYSE:GNRC), with 846,161 shares worth more than $177 million. 

In its Q2 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Generac Holdings Inc. (NYSE:GNRC) was one of them. Here is what the fund said:

“On a securities level, our top contributors (includes) Generac Holdings Inc. (NYSE:GNRC). All these businesses performed well fundamentally. For Generac, the leading provider of residential standby generators, fundamentals remained strong, but there was little to highlight from the quarter.”