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Apr 23, 2024

Grand News Network / November 8, 2023

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Generac Holdings Inc. of an Investigation and Potential Class Action Lawsuit – (NYSE: GNRC)

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Generac Holdings Inc.:

On August 2, 2023, Generac announced revised downwards guidance for 2023 due to "weakness in residential products." The Company blamed the downturn on a "softer consumer spending environment" which led to weaker-than-expected sales of the Company's residential units. Following this news, Generac's stock price fell by $37.46 per share, or approximately 25% to close ...

Full story available on Benzinga.com


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