Wells Fargo Upgrades Generac to Overweight with Higher Price Target

Deep News12-19

Generac (GNRC), a manufacturer of power generation equipment and engines, rose 1.5% in early Friday trading. Wells Fargo upgraded the stock from Equal Weight to Overweight, citing accelerated growth prospects for the company as an energy technology firm, particularly in diesel generator sets used as backup power for AI data centers. The bank also raised its price target on the stock.

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