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Generac’s $700 Million Data Center Backlog Is Building the Case for a $250 Price Target
Generac Holdings (GNRC) is at a structural turning point, driven by strong demand from data center operators, which is redefining its long-term earnings potential. The company’s C&I division backlog grew from $400 million to $700 million, with a nonbinding notice to proceed for over $600 million from a hyperscaler. This significant data center momentum suggests a potential upside for Generac stock despite residential sales declines, with analysts targeting a mean price of $249 and TIKR’s model suggesting $293 by Dec. 2030.