#6 - Generac Holdings (NYSE:GNRC)
Generac Holdings (NYSE:GNRC) is the only company that makes this list that does not pay dividends. However, with a 496% growth in share price over the last five years, most investors will not quibble over the lack of a dividend. GNRC stock still carries that lofty gain even while it’s down over 50% from its all-time high in 2021.
Simply put, with more demand being placed on our nation’s power grid and increasing concern over the acceleration of natural disasters due to a changing climate, there is more demand than ever for the company’s line of sustainable clean energy products.
Generac has been growing its revenue and earnings at over 20% in the last five years. While analysts are not expecting the company to sustain that level of growth in the next five years, they are forecasting double-digit growth in both metrics over the next five years. All of this is to say that GNRC looks like an ideal choice for investors looking for stocks with purchasing power.
About Generac
Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.
More about Generac- Current Price
- $111.97
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $175.60 (56.8% Upside)
