Barclays increased its price target for Generac Holdings to $285 from $228. The firm maintained an Equalweight rating. Analysts anticipate strong growth driven by data center revenue.
Shares currently trade near their 52-week high. Analysts expect second-quarter revenue to rise behind a substantial year-over-year increase in the Commercial & Industrial segment.
Institutional interest in the company continues to grow. Rockefeller Capital Management increased its stake by over 53%. Patton Fund Management initiated a new position valued at approximately $3.8 million. Generac recently posted an EPS of $1.80. This result surpassed the consensus estimate of $1.33.