Canaccord reiterates Generac stock Buy rating on data center growth

NodeGuardian · 2026-03-28T22:36:20+00:00

Canaccord Genuity maintains a Buy rating for Generac Holdings, setting a $275 price target due to robust data center growth and positive financial outlook. The increasing backlog and projected revenue stability suggest potential for future gains.

NodeGuardian

2026-03-28 22:36:20

Abstract generation in progress

Canaccord Genuity has reiterated a Buy rating and a $275 price target for Generac Holdings (NYSE:GNRC), citing strong data center growth and alignment with financial outlook expectations. The company’s data center backlog has significantly increased, and the Commercial & Industrial segment is projected to account for half of its revenue by 2028, reducing revenue variability. Despite a recent sell-off and premium P/E ratio, the firm advises investors to hold the stock, expecting the strategic shift to boost its multiple.

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