Generac (GNRC) Launches Two Powermate Portable Generators - May 11, 2022

Generac (GNRC) Launches Two Powermate Portable Generators – May 11, 2022

Generac Power Systems Inc. (GNRC Free report) on the launch of the Powermate 4500-Watt dual-fuel portable generator and the Powermate 7500-Watt dual-fuel portable generator.

Both generators are available for purchase online at Powermate.com. Models are also available at a few select retail outlets.

Generac added that the new flexible generators are designed for use in the home as well as for recreational purposes by consumers.

The Powermate 4500-Watt Dual Fuel Portable Generator has a starting power of 4500 Watts and a starting power of 3600 Watts (gas), which allows it to power small electrical appliances in an outdoor setting (picnic or camp) and certain electrical tools for home DIY work.

The Powermate 7500-Watt dual-fuel portable generator is also suitable for outdoor events and the use of power tools, with 7500 watts starting and 6000 watts running (gas).

Both types are designed to run on either gasoline or LPG fuels.

The generators are powered by Generac OHV engines, which provide constant power for a variety of applications and have a dual-fuel disc allowing customers to choose between petrol and LPG. For easy travel, this includes a steel frame and compact design with integrated wheels and handle.

The generators are equipped with innovative synesthesia technology that enables them to shut down if the surrounding carbon monoxide levels become dangerous.

Headquartered in Waukesha WI, Generac is a leading manufacturer of power generation equipment, energy storage systems and other energy products – including portable, residential, commercial and industrial generators. In addition, the company manufactures light towers that provide temporary lighting solutions for various end markets, and mobile commercial and industrial heaters and pumps used in the oil and gas, construction and other industrial markets.

GNRC reported first-quarter 2022 adjusted earnings of $2.09 per share, which beat Zacks’ consensus estimate by 10%. However, net profit decreased 12.2% year over year.

Net sales rose 41% year over year to $1.14 billion and beat the consensus mark by 4.9%. Strong demand for residential, commercial and industrial products and effective merger and acquisition strategies boosted Generac’s performance in the first quarter.

Key selections

Generac currently has Zacks Ranking #3 (Hold).

Some of the best-rated stocks from the broader technology field are interdigital (IDCC free report), Vichai Intertechnology (ESR free report) and pure storage (PST free report). InterDigital, Vishay Intertechnology and Pure Storage currently have Zacks rating of #1 (strong buy). you can see The full list of Zacks #1 stocks today is here.

Zacks Consensus’ estimate of InterDigital’s 2022 earnings is pegged at $3.28 per share, up 5.2% in the past 60 days. The long-term earnings growth rate is expected to be 15%.

InterDigital’s earnings have outperformed Zacks’ consensus estimate in the past four quarters, averaging 141.13%. Shares of InterDigital are down 14.6% in the past year.

Zacks consensus estimate of Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, up 10.3% in the past 60 days. The long-term earnings growth rate is expected to be 22.7%.

Vishay Intertechnology’s earnings have beat Zacks’ consensus rating in the past four quarters, averaging 4.96%. Shares of Vishay Intertechnology are down 18.2% in the past year.

The Zacks consensus estimate for Pure Storage’s 2023 financial earnings was pegged at 86 cents a share, unchanged for the past 60 days. The long-term earnings growth rate is expected to be 30.9%.

Pure Storage’s earnings have outpaced Zacks Consensus’s estimate in the past four quarters, averaging 99.2%. Pure Storage shares have gained 46.2% in the past year.

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