Generac Holdings Inc. (NYSE: GNRC) is a leading global provider of energy solutions, specializing in backup power systems, clean energy technologies, and sustainable power generation solutions. Founded in 1959 and headquartered in Waukesha, Wisconsin, Generac has evolved from a manufacturer of gasoline-powered generators into a prominent player in the clean energy sector, offering a range of products designed to improve energy reliability and efficiency. Known for its innovative products and solutions, Generac is poised to benefit from growing global demand for clean, reliable, and sustainable energy systems.

Overview of Generac

Generac’s product portfolio spans a wide range of energy-related solutions, including portable and stationary backup generators, home standby power systems, commercial power systems, and energy storage solutions. The company is particularly known for its leadership in the home standby generator market, which provides homeowners with a reliable power source in case of grid outages.

In recent years, Generac has significantly expanded its offerings beyond traditional generators to include clean energy solutions, such as solar power systems and energy storage products. These additions align with the global shift toward renewable energy and more sustainable power options. Generac’s push into clean energy technologies positions the company as a key player in the growing market for sustainable energy solutions.

The company operates through multiple business segments, including:

1. Residential Power: This segment provides products such as home standby generators, portable generators, and energy storage solutions that cater to residential customers.

2. Commercial & Industrial Power: Generac offers backup power solutions and energy management systems designed for small, medium, and large businesses. These solutions help commercial and industrial customers maintain operations during power outages and reduce energy costs.

Clean Energy: This growing segment includes solar products, energy storage systems, and grid-integrated solutions that enable customers to generate and store clean energy. This segment reflects Generac’s commitment to clean energy solutions that reduce carbon footprints. shutdown123