We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. Generac Holdings Inc. is one of the stocks Jim Cramer recently discussed.
Generac Holdings Inc. is an industrial machinery manufacturer that makes and sells products such as generators, monitoring systems, and home energy management systems. The firm reported its third-quarter earnings earlier this week and posted $1.1 billion in revenue and $1.82 in earnings per share. Both of these missed FactSet compiled estimates of $1.2 billion and $2.18. Cramer discussed Generac Holdings Inc. results and commented that while the firm attributed its woes to fewer hurricanes, there might be other factors at play:
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“You know Generac wanted to blame storms, and I’m always worried that in the end, what you’re dealing with Generac, is you’re dealing with a company that you have to borrow money. And, when you have to borrow money, rates are high. And you’re also, remember, one of the reasons you might take a Generac is you get a new house. And then you might want to have one.”
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This article is originally published at Insider Monkey.
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