Is Generac (GNRC) a good stock to buy?

We are maintaining our $117 per share fair value estimate for narrow-moat Generac following its first-quarter earnings. We view shares as fairly valued. GNRC is trading at a 219% premium. Generac is the undisputed leader in home standby generators, with over 70% market share.

How did Generac's stock perform on Thursday?

Generac Holdings Inc.’s stock was up 12.3% on Thursday after the generator maker’s third-quarter profit and revenue beat analyst estimates. Generac’s stock GNRC, +0.35% is on pace of its largest increase since Nov. 10, 2022, when it rallied by 13.3%, according to Dow Jones Market Data.

Should you buy a generator maker stock after a sell-off?

Shares of the generator maker fell on a disappointing earnings report. The hot weather in certain parts of the U.S. has considerably heated up the company's prospects. Up over 6,000% and 1,100% since 2010, these two stocks should be on investors' radars after recent sell-offs.