Shares of Generac Holdings Inc. (GNRC) jumped sharply on Wednesday morning on the company's upbeat fiscal 2026 outlook despite weaker fourth-quarter results.
The stock is currently trading at $213.52, up $31.22 or 17.13%, on the NYSE. The stock opened at $192.00 after closing Tuesday at $182.30. The stock has traded between $99.50 and $214.05 in the past 52-week period.
Generac reported a fourth-quarter net loss of $24.46 million, or $0.42 per share, compared with net income of $117.23 million, or $2.15 per share, last year, reflecting a legal settlement charge. Adjusted earnings of $1.61 per share and revenue of $1.09 billion both missed market expectations.
The company projected mid-teens net sales growth for fiscal 2026, with commercial and industrial sales expected to rise about 30% and residential sales around 10%. Generac also forecast adjusted EBITDA margins of 18 % to 19%.
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