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Stock impact report

Generac (GNRC) Reportedly Focusing on M&A to Drive Growth [Yahoo! Finance]

Generac Holdlings Inc. (GNRC) 
Last generac holdlings inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generac.com
Company Research Source: Yahoo! Finance
GNRC's Chief Executive Officer (CEO), Aaron Jagdfeld, in an interview at Bloomberg News headquarters in New York, was quoted saying that utility bills were set to become one of the biggest household expenses in addition to rent/mortgage payments, thereby necessitating effective management of power usage. Further, the report added that the CEO expects power prices to double over the next twenty years as utilities try to bolster grids amid increasing demand from artificial intelligence proliferation, data centers, electric vehicles and industrial facilities. Though Jagfield did not divulge much details, he underscored that Generac was eager to follow strategic deals to help expand the company's energy technology portfolio, added Bloomberg. The company has been focusing on inorganic strategy to drive top-line performance. In February 2023, GNRC acquired Germany-based REFUstor, which specializes in development and supply of battery storage hardware products, advanced platform and sof Show less Read more
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