Generac gains on FY26 profit margin forecast raise, Q2 profit beat
BUZZ-Generac gains on FY26 profit margin forecast raise, Q2 profit beat ** Shares of power equipment maker Generac GNRC.N rise 6.9% to $209 in premarket trading
** Co raises FY net income margin to 9% to 10%, compared with prior forecast of 8% to 9%, maintains its FY net sales growth
** GNRC posts Q2 adj. profit of $174 mln, or $2.91 per share, above analysts' estimates of $115.9 mln, or $2.01 per share, data compiled by LSEG
** Reports 29% YoY growth in commercial and industrial segment revenue of $621.26 mln, driven by strong demand for power from data centers
** CEO Aaron Jagdfeld says company plans to increase production of large megawatt backup generators
** Co reports Q2 net sales of $1.17 bln, slightly below estimates of $1.18 bln
** 15 of 22 brokerages rate the stock "buy" or higher, and seven "hold"; median PT is $285
** As of last close, stock has risen 43.4% YTD, compared with 8.6% increase in the S&P 500 .SPX
(Reporting by Anand Gopal in Bengaluru)