Stock Picks: Need Power ? – Generac (GNRC) 

January 6, 2021, 1:48 pm EST

Need Power ? – Generac (GNRC) 

Nowadays, power is even more essential to survive. COVID-19 pandemic, cold winter power outage, fire disaster, stormy weather are examples to put people into danger situations. when power is not available for survival. Even minor power outages will cut off your internet router, cell phone, IPad, computer into total darkness. Therefore, backup power becomes essential for both business and individual daily need

Generac Holdings Inc (GNRC) is a 15 billion market cap company to design and manufacture power generation equipment for both residential and commercial, domestic USA and international. Its strong stock performance of 145% (1 year) reflects its solid fundamental the latest earning report: EPS +45%, sales +17%. 

Its chart also reveals its non-stop uptrend since March 2020. Today’s breakout marks another beginning for its powerful rally. Entry point is 240 and sell-stop 230.

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