Generac stock slips as Citigroup downgrades to 'neutral'

Generac Holdings

26/08/2025 12:47

** Shares of power equipment maker Generac Holdings GNRC.N fall nearly 2.6% to $190.69 premarket

** Citigroup downgrades stock to "neutral" from "buy"

** "We believe the stock is no longer seasonal, with strength during hurricane season and lack of momentum in months outside elevated outage activity"- Citigroup

** Raises its price target to $219 from $138, the new PT represents a 13.30% upside to stock's last close on Monday

** Brokerage says Generac's home backup power business keeps improving, new products will help raise prices, ecobee (which makes smart thermostats) is growing, and spending is up in the telecom area

** Average rating of 22 analysts is "buy"; median PT is $202.5 - data compiled by LSEG

** As of last close, stock is up ~25% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))