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WAUKESHA, Wis. - Generac Holdings Inc. (NYSE: GNRC), a $7.5 billion market cap energy technology solutions provider, has announced the promotion of Jim Barnes to Executive Vice President – Global Supply Chain, succeeding the retiring Roger Pascavis. This transition comes as Pascavis, a 30-year veteran of the company, prepares to retire on June 27, 2025.
Barnes, who joined Generac in 2022, previously held the title of Senior Vice President – Strategic Global Sourcing. With a background in electronics, contract manufacturing, and global supply chain strategy, Barnes is set to lead not only the corporate supply chain but also the company’s Strategic Global Sourcing and Controls & Automation efforts.
Aaron Jagdfeld, Generac’s Chairman, President, and CEO, commended Pascavis for his substantial contributions, particularly his work during the pandemic and his role in developing the company’s global sourcing strategy. Jagdfeld noted that Pascavis’ leadership has positioned Generac for continued success.
As for Barnes, he expressed his commitment to advancing Generac’s supply chain capabilities to support the company’s growth and strategic objectives. Barnes’ background includes a tenure at SigmaTron International and academic credentials from Illinois State University and DePaul Driehaus College of Business, where he earned his MBA.
Generac, founded in 1959, stands as a significant player in the design, manufacture, and provision of energy technology solutions, including power generation equipment, energy storage systems, and energy management devices. With annual revenue of $4.35 billion and a healthy gross margin of 39.6%, the company maintains strong financial metrics according to InvestingPro data. The company is credited with introducing the first affordable backup generator and the automatic home standby generator category, continually aiming to innovate in the energy sector.According to InvestingPro analysis, Generac currently appears undervalued compared to its Fair Value, despite facing recent market challenges with a 29% decline over the past six months. For deeper insights into Generac’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The information for this announcement is based on a press release statement from Generac Holdings Inc.
In other recent news, Generac Holdings reported a strong first quarter for 2025, exceeding earnings expectations with an earnings per share (EPS) of $1.26, compared to a forecast of $1.02. The company also surpassed revenue projections, posting $942 million against the anticipated $923.37 million. Despite this robust performance, Generac revised its full-year 2025 outlook, adjusting expected revenue growth to a range of 0-7%, down from a previous forecast of 3-7%. Analysts at Canaccord Genuity and Stifel have both revised their price targets for Generac, with Canaccord lowering its target to $180 while maintaining a Buy rating, and Stifel adjusting its target to $195, also retaining a Buy rating. These adjustments reflect a cautious stance on Generac’s future performance amid broader economic uncertainties and revised company guidance. Generac’s clean energy segment and new product offerings, particularly in the home standby generator market, continue to be seen as potential growth drivers. The company anticipates a $125 million tariff impact in the second half of 2025 but plans to counter this through price increases and supply chain initiatives.
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