Generac Eyes Power Deals With $1 Billion to Spend

Bloomberg04-13

(Bloomberg) -- Generac Holdings Inc., the biggest US supplier of backup power generators, is considering acquisitions to boost its product offerings as electricity costs soar to meet booming demand. ...

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Apple Plans to Overhaul Entire Mac Line With AI-Focused M4 Chips. Russian Attacks on Ukraine Stoke Fears Army Near Breaking Point. Stocks Get Hit as War Jitters Fuel Rush to Bonds: Markets Wrap. US Sees Imminent Missile Strike on Israel by Iran, Proxies. “Utility bills are going to become one of your biggest monthly expenses,” other than rent or mortgage payments, Chief Executive Officer Aaron Jagdfeld said in an interview Friday at Bloomberg News headquarters in New York. “Managing power usage will be very important as costs rise.”Jagdfeld wouldn’t go into details about his M&A strategy but said he’s “absolutely” willing to pursue deals to help expand his energy technology portfolio. “We’re going to put that cash to work,” he said.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0823414478.USD":"法巴经典能源转换基金","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4588":"碎股","GNRC":"Generac控股","BK4096":"电气部件与设备","BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","PW":"Power REIT"},"translate_title":"Generac Eyes Power处理10亿美元支出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNRC":1,"PW":1},"content_text":"(Bloomberg) -- Generac Holdings Inc., the biggest US supplier of backup power generators, is considering acquisitions to boost its product offerings as electricity costs soar to meet booming demand.\nMost Read from Bloomberg\n\nIsrael Bracing for Unprecedented Direct Iran Attack in Days\nApple Plans to Overhaul Entire Mac Line With AI-Focused M4 Chips\nRussian Attacks on Ukraine Stoke Fears Army Near Breaking Point\nStocks Get Hit as War Jitters Fuel Rush to Bonds: Markets Wrap\nUS Sees Imminent Missile Strike on Israel by Iran, Proxies\n\n“Utility bills are going to become one of your biggest monthly expenses,” other than rent or mortgage payments, Chief Executive Officer Aaron Jagdfeld said in an interview Friday at Bloomberg News headquarters in New York. “Managing power usage will be very important as costs rise.”\nPower prices are surging in parts of the country as utilities race to fortify grids vulnerable to wildfires and try to satisfy booming electric demand from data centers, artificial intelligence, electric vehicles and industrial facilities. Jagdfeld expects power prices to double over the next two decades. \nRead More: Power Bills Will Keep Rising Even After the Fed Tames Inflation\nGenerac has spent more than $800 million on several acquisitions since 2019 as it has moved or expanded into markets including energy storage, energy management devices and electric-vehicle charging. It has more than $1 billion in cash and borrowing available in a revolving credit facility, according to a Securities and Exchange Commission filing.\nJagdfeld wouldn’t go into details about his M&A strategy but said he’s “absolutely” willing to pursue deals to help expand his energy technology portfolio. “We’re going to put that cash to work,” he said. \nThe Waukesha, Wisconsin, company posted $4 billion in sales in 2023, and expects to see that increase 3% to 7% this year. About 8% of its revenue now comes from energy technology — Jagdfeld’s term for anything besides generators. He sees that swelling to as much as 25% within three to five years. \nMost Read from Bloomberg Businessweek\n\nHow a Pioneering Blackjack Master Beats the Odds of Aging\nToyota Pins Its Hopes on Revamped 4Runner to Beat Ford and Hyundai\nRace for AI Supremacy in Middle East Is Measured in Data Centers\nCocoa’s Surge Is Drawing Africa’s Farmers Back to the Bean\nEveryone Is Rich, No One Is Happy. The Pro Golf Drama Is Back\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427765697"}