Published on 14 Feb 2024 on Market Watch
Generac’s stock drops as residential-generator sales miss, outlook disappoints
Shares of Generac Holdings Inc. took a hit Wednesday, after the home-generator maker reported fourth-quarter results that came up short of expectations and provided a downbeat outlook, citing weakness in its industrial and commercial business.
The stock dropped 3.1% in premarket trading, to pace its industrial-sector peers in declines ahead of the open.