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Generac Holdings Inc GNRC Stock Quote

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Morningstar‘s Stock Analysis GNRC

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California Delays Decision on Rooftop Solar Regulatory Proposal Yet Again

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

On Aug. 15, a California administrative law judge extended the deadline for a decision on changes for rooftop solar customers in the state until Aug. 27, 2023. This is approximately one year later than we expected a revised proposed decision. We had expected a final decision before year-end 2022. We maintain our fair value estimates for rooftop solar-exposed stocks.

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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 Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 9,540