Generac Holdings Inc. (GNRC) stock surged 6.04% on Wednesday, outperforming the broader market as the company reported better-than-expected fourth-quarter earnings and provided an optimistic outlook for 2025.
The company's fourth-quarter earnings of $2.80 per share, up from $2.07 a year earlier, surpassed analysts' estimates of $2.50. Generac's revenue rose 16.1% year-over-year to $1.23 billion, narrowly missing expectations of $1.24 billion.
The strong performance was driven by a surge in demand for Generac's portable and standby generators, designed for residential and commercial use during power outages. As CEO Aaron Jagdfeld noted, power outage hours in the U.S. reached the highest level since 2010, boosting sales of the company's products.
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