JPMorgan Upgrades Generac Holdings (GNRC) to Overweight

JPMorgan analyst Mark Strouse upgraded Generac Holdings (NYSE: GNRC) from Neutral to Overweight with a price target of $200.00.

The analyst comments: "We are upgrading GRNC to OW, from N. Our YE26 price target of $200 is unchanged. The stock has underperformed since Caterpillar’s (CAT/Zakaria) announced capacity expansion that would directly compete with GNRC’s nascent data center solution. While CAT’s expansion could potentially lead to lower pricing power for the overall data center large engine market, we continue to believe that GNRC is positioned to be a participant in this market with potential catalysts ahead being signed contracts with data center customers. We also note that stock has round-tripped to levels from early-summer, aligning with the timeframe prior to investors keenly focusing on GNRC’s data center solution. We believe catalysts include data center announcements over the coming months, an expected Analyst Day during 1H26, and possible power outages."

For an analyst ratings summary and ratings history on Generac Holdings click here. For more ratings news on Generac Holdings click here.

Shares of Generac Holdings closed at $162.33 yesterday.

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