Generac Holdings Inc

GNRC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$681.00	Vhmrklx	Slqyhhw

Generac: Framing Recent Texas Power Outages Within a Larger Context

Brett Castelli

May 20, 2024

We are raising our fair value estimate for narrow-moat Generac to $126 from $117 following recent power outage activity and after revisiting our long-term modeling assumptions. The bulk of the valuation uplift is from a slightly higher long-term earnings growth assumption in our DCF model. We view shares as slightly overvalued.

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