Jim Cramer on Generac: “That Stock is a Great Long-Term Own”

Generac Holdings Inc. (NYSE:GNRC) is one of the stocks Jim Cramer shed light on. When a caller asked about the stock during the episode, Cramer said:

“I do have a Generac… So it’s just, it’s a good investment. I think others who realize that the grid is so fraught would be thinking about Generac, too. I think you’re dead right. I think the great, that stock is a great long-term own…”

A stock market data. Photo by Alesia Kozik on Pexels

Generac Holdings Inc. (NYSE:GNRC) develops energy technology products, including standby and portable generators, battery storage, smart home solutions, outdoor power equipment, and industrial energy systems. In addition, the company provides software for managing distributed energy resources and distributes its products through dealers, retailers, wholesalers, and direct channels. During a June episode, a caller inquired about the stock and Cramer responded:

“Generac, okay. Alright, so Generac got hit by tariffs. As soon as you hear tariffs, unfortunately, the market runs. I agree with you that it’s a great company, but I’ve gotta tell you something, it’s not a great stock. I know you said a lot of good things, absolutely, but the stock cannot rally if it’s got that kind of tariff problem.”

While we acknowledge the risk and potential of GNRC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GNRC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.