UBS Sees More Upside in Generac (GNRC); Here’s What’s Driving Its Confidence

With short percentage of shares outstanding at 3.97%, Generac Holdings Inc. (NYSE:GNRC) is among the 7 Best EV Charging Infrastructure Stocks to Buy Now.

On June 11, UBS raised its price target on Generac Holdings Inc. (NYSE:GNRC) to $335 from $305 while reiterating a Buy rating on the shares. According to the firm, the higher target reflects increased confidence in the sustainability of Generac’s earnings growth trajectory and improved visibility into the company’s long-term financial performance.

On June 2, Generac Holdings Inc. (NYSE:GNRC) announced the signing of a global supply agreement with a hyperscale data center operator to provide backup power generators for the operator’s data center infrastructure. Commenting on the agreement, Chairman, President, and CEO Aaron Jagdfeld stated that the partnership positions Generac to play a critical role in supporting essential services and the expanding digital economy. He added that successfully completing the approval process reinforces the company’s standing as a leading supplier of large-scale backup power solutions and establishes a foundation for future growth opportunities as data center demand continues to expand.

Founded in 1959 and headquartered in Waukesha, Wisconsin, Generac Holdings Inc. (NYSE:GNRC) is a designer and manufacturer of energy technology solutions, primarily known for its home backup generators, solar systems, and battery storage. They entered the EV market by launching utility charging software, making a strategic investment in EV charger manufacturer Wallbox, and offering their own branded Level 2 EV chargers.

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