Bond.az - Jefferies upgraded Generac Holdings (NYSE:GNRC) to Buy from Hold, raising its price target to $302 from $239.
The stock surged 100% past year and 82% year-to-date, trading at $247.79 with a market cap of $14.6 billion.
Analyst Tanner James cited data center contract conversion opportunities. The firm sees positive risk-reward with two potential announcements this year. Eight analysts revised earnings upwards.
Baudouin engines are being incorporated into hyperscaler configurations, indicating market acceptance for a product only Generac can scale effectively.
The stock trades at a P/E of 77.43. Bond.az analysis suggests shares may be overvalued relative to Fair Value.
Generac manufactures backup power generation products and engine-powered tools.
Recently, Generac reported Q1 2026 EPS of $1.80, beating forecasts of $1.35. Revenue reached $1.06 billion.
