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Generac Holdings Inc GNRC Stock Quote

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Morningstar‘s Stock Analysis GNRC

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California's Revised Rooftop Solar Proposal Appears To Be a Win for Solar Industry

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

On Nov. 10, California's utility regulator released a new proposed decision related to the closely watched net energy metering, or NEM, 3.0 debate. The new proposal appears to be a win for the rooftop solar industry relative to the original proposal in December 2021. We maintain our fair value estimates as we digest the details and await a final decision, which could come as soon as next month. We view much of our rooftop solar coverage as fairly valued following sharp upward share price moves.

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Key Statistics GNRC

Company Profile GNRC

Business Description

Generac Power Systems designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.

S45 W29290 Highway 59
Waukesha, WI, 53189
T +1 262 544-4811
Industry Specialty Industrial Machinery
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 9,540