Latest news with #AaronJagdfeld
Bloomberg
04-08-2025
- Business
- Bloomberg
Generac Hits Dec. High After Ebitda Margin Outlook Boost
Analysts raised price targets for Generac Holdings Inc. since the company reported earnings on July 30, according to data compiled by Bloomberg. Generac CEO Aaron Jagdfeld says the United States needs to be strategic with tariffs, and the AI boom is creating growth within their energy products. (Source: Bloomberg)
Reuters
30-07-2025
- Business
- Reuters
Generac beats quarterly estimates on robust sales of power backup equipment
July 30 (Reuters) - Generac Holdings (GNRC.N), opens new tab reported better-than-expected second-quarter profit and revenue on Wednesday, as frequent power outages lifted sales of its backup generators, batteries and solar equipment. Demand for the company's home standby generators has risen in tandem with power outages caused by winter storms and hurricanes last year. CEO Aaron Jagdfeld said there was a "dramatic" increase in the sales of Generac's residential segment after shipments to Puerto Rico rose following widespread blackouts. Sales in the residential segment, its biggest in terms of sales, were up 6.6% from a year ago. Jagdfeld also said demand from the company's industrial and telecom customers remains strong and that there was a "strong initial reception" to its entry into the power-hungry data centre market during the quarter. The Waukesha, Wisconsin-based company's commercial and industrial (C&I) business segment posted a 5.2% rise in quarterly sales from a year ago. Its total net sales for the quarter ended June 30 was $1.06 billion, beating estimates of $1.03 billion, according to data compiled by LSEG. Gross profit margin in the second quarter was 39.3%, compared with 37.6% a year ago. It expects full-year net income margin to range between 7.5% and 8.5%, compared with previous guidance range of 6.5% to 8.5%. But Generac narrowed its annual net sales growth forecast to between 2% and 5%, from its prior guidance of flat to 7%, citing lower than anticipated price increases in the second half of the year due to tariffs. Adjusted quarterly net income per share came in at $1.65, above analysts' expectations of $1.32.
CNBC
26-06-2025
- Business
- CNBC
Generator stock Generac heads for best week since November amid heat wave, looming storm threats
With hurricane season underway and an oppressive heat wave rolling across parts of the nation, investors have been snapping up shares of Generac. The backup-generator maker is on track for its sixth straight day of gains and best week since November 2024. It is up nearly 12% this week. High temperatures blanketed areas through the central and eastern United States starting last weekend, resulting in reported power outages in states such as New York, New Jersey and Illinois. Extreme heat warnings and advisories are still in effect for parts of the Mid-Atlantic, Ohio Valley and Southeast, affecting 130 million people, the National Weather Service said. On top of that, this Atlantic hurricane season is expected to be above normal, according to the National Oceanic and Atmospheric Administration. The agency expects 13 to 19 total named storms, with six to 10 expected to become hurricanes. Of those, three to five are anticipated to be "major hurricanes," which are categories 3, 4 or 5. The heat and storms are putting strain on the United States' already stressed and aging power grid — and it is expected to get worse. The risk of power outages caused by hurricanes could jump by 50% or more in some parts of the nation due to climate change, which could affect future storm characteristics, according to research from the Pacific Northwest National Laboratory and the Electric Power Research Institute last year. This week, tropical storm Andrea became the first of the season, albeit briefly, according to AccuWeather. It quickly returned to a tropical rainstorm when winds subsided, the weather service said. Generac CEO Aaron Jagdfeld addressed the issue in October with CNBC's Jim Cramer. The severe weather, plus the new crop of data centers, is putting a strain on the system, he said. "This has become a massively critical discussion point," Jagdfeld said on "Mad Money." "This is only going to get worse." Bank of America is forecasting electrical load growing at a 2.5% compound annual growth rate over 2024 through 2035. Other names to watch include Trane Technologies, which makes cooling systems for residences and businesses — including data centers. The stock currently has an average rating of hold by the analysts that cover it, according to FactSet. Utility stocks are also expected to benefit from the increase in power demand. Bank of America said it expects "significant" tailwinds in the second half for the power sector, with data centers deals helping improve margins for names like Constellation Energy and Vistra. Still, with the utilities sector outperforming the S&P 500 this year, the bank is being selective. "Versus that sector outperformance we would prefer laggards that have catalysts to drive outperformance in the second half," analyst Ross Fowler wrote. His preferred opportunities include Sempra, Northwestern Energy and Alliant Energy.
Associated Press
21-05-2025
- Business
- Associated Press
Generac Wins Two Red Dot Design Awards for Recent Product Launches
Generac XG Series and PWRcell2 receive prestigious, global recognition in product design WAUKESHA, Wis., May 21, 2025 /PRNewswire/ -- Generac Holdings (NYSE: GNRC) proudly announces that the product launches for Generac XG Series and PWRcell2 have been recognized for their exceptional product design in the 2025 Red Dot Design Awards. These awards come as a major milestone for Generac, signaling that the company stands out among the very best branding and design on a global scale. Since 1954, the Red Dot Design Awards have recognized products with outstanding form, function and innovation. Winners are given a Red Dot Label, published in a standard-setting exhibition and used as a model for industry and consumers alike. Awards are decided by a jury of international experts including designers, professors and specialist journalists from various fields. Products are evaluated on quality of functionality, aesthetics, usability and responsibility. 'Generac is committed to improving power by design and putting consumers at the center of everything we do. We are honored to be recognized for our user-friendly design and reliable products,' said Generac President and CEO Aaron Jagdfeld. Generac products that earned the award this year include: XG Protector Series The Generac XG Protector Series is a home-standby generator designed with a focus on minimalism, efficiency, and aesthetics for both residential and commercial use. The design emphasizes a clean, streamlined appearance that integrates seamlessly into its environment. By optimizing material usage and tooling processes, we achieved a more efficient, environmentally conscious design while maintaining structural integrity and performance. The result is a visually appealing generator that combines form and function, offering reliable power backup with a refined, modern look. PWRcell2 We designed Generac PWRcell2 to meet the increasing need for dependable and sustainable energy storage solutions. Recognizing the growing concerns about energy reliability and the demand for improved energy management, we focused on developing a system that excels in performance while also integrating seamlessly into various environments. Our modular design provides scalability, allowing users to expand the system as their energy requirements evolve. We prioritized a form that harmonizes functionality with aesthetic considerations, ensuring that our product integrates seamlessly into a range of spaces without attracting undue attention. PWRcell2 is part of an integrated home energy ecosystem that includes solar, the ecobee by Generac Smart Thermostat Enhanced Generac's Level 2 EV Chargers and our line of home standby generators. 'The reliable XG Protector Series and innovative PWRcell2 are the result of massive cross-functional efforts between Generac's industrial design, research, engineering product and management teams,' said Generac Senior VP Global Product Management and Industrial Design Randy Sandlin. 'We are excited to be among the very best in product design around the world.' For more information about the Red Dot Design Award, visit About Red Dot Design Awards The Red Dot Design Award is one of the largest design competitions in the world. Initiated by Prof. Dr. Peter Zec in the 1990s, the Product Design Award is given to outstanding products with aesthetically pleasing, functional, sustainable and innovative design. Being awarded with the Red Dot signifies belonging to the best in design and business amongst international and domestic competitors. Excellent design is selected by expert juries in the fields of product design, communication design and design concepts. About Generac Generac Holdings, Inc. (NYSE: GNRC) is a total energy solutions company that empowers people to use energy on their own terms. Founded in 1959, Generac is a leading global designer, manufacturer, and provider of a wide range of energy technology solutions. The Company provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products serving the residential, light commercial, and industrial markets. Generac introduced the first affordable backup generator and later created the automatic home standby generator category. The Company continues to expand its energy technology offerings for homes and businesses in its mission to Power a Smarter World and lead the evolution to more resilient, efficient, and sustainable energy solutions. Media Contact: Jonathan Stern [email protected] | (312) 402-7167 View original content to download multimedia: SOURCE Generac Power Systems, Inc.
Yahoo
15-05-2025
- Business
- Yahoo
Generac Rethinking Supply Chain Amid Tariffs, CEO Jagdfeld Says
Generac Chair and CEO Aaron Jagdfeld says the company is rethinking its supply chain amid the Trump administration's tariffs. Speaking on "Bloomberg The Close," Jagdfeld also discusses data center demand and Generac's international expansion.
