Generac Holdings (GNRC) Introduces 3 New Products - Oppenheimer

Oppenheimer analyst Christopher Glynn reiterated an Outperform rating on Generac Holdings (NYSE: GNRC) after attending the company's Clean Energy Virtual Launch Event that introduced three new products:

1) PWRgenerator enables perpetual performance of battery storage solution (PWRcell) to power the home

2) PWRmanager connects to PWRcell for flexible, integrated load management

3) PWRmicro represents the Chilicon microinverter commercialization and furthers GNRc's stategy to emerge as product supermarket (one stop) for dealers, integrators, and distributors serving solar/storage clean energy applications.

The analyst stated "PWRgenerator DC couples to the inverter and battery for direct charging of ESS solutions, affording continuous home power from stored energy and complete independence from the grid. The solution is quiet, clean, and efficient; completes a lower operating cost power architecture vs. grid; complements primary solar recharge mechanism automatically; certified for grid support and independent home power design in all states (some limits in CA). Shipments start in January. PWRmanager (shipments start in January) provides up to 12 120V relays/circuits (can combine individual circuits for high density loads) to optimize practical utility of GNRC's PWRcell (9kW continuous power, 50amp surge capacity cited as leading metrics). The product is low cost, small, and easy to install; can follow automated protocols or manual load management (app-based finger swipe); updates battery capacity real time; includes two HVAC relays/circuits.
PWRmicro (shipments start next April) from Chilicon economizes power electronics focusing on 2:1 design (panels:microinverter). GNRC notes highly competitive performance and price (cited beat existing current competitive products). As a reminder, GNRC previously noted expectation for rapid launch scaling into the sizeable duopolistic microinverter space."

For an analyst ratings summary and ratings history on Generac Holdings click here. For more ratings news on Generac Holdings click here.

Shares of Generac Holdings closed at $425.22 yesterday.

You May Also Be Interested In

• Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
• Brinker Int'l (EAT) PT Raised to $310 at BofA Securities
• Tapestry Inc. (TPR) PT Lowered to $175 at BTIG