GNRC | Generac Holdings Inc

Company profile

Generac is a leading global designer and manufacturer of a wide range of energy technology solutions. The Company provides power generation equipment, energy storage systems, and other power products serving the residential, light commercial and industrial markets. Power generation is a key focus of Generac, which differentiates the Company from its competitors who also have broad operations outside of the power equipment market. As the only significant market participant focused predominantly on these products, Generac maintains one of the leading market positions in the power equipment market in North America and an expanding presence internationally. The Company has one of the widest ranges of products in the marketplace, including residential, commercial and industrial standby generators; as well as portable and mobile generators used in a variety of applications. Also, during 2019, Generac began providing energy storage systems as a clean energy solution for residential use that capture and store electricity from solar panels or other power sources and helps reduce home energy costs while also protecting homes from brief power outages. Other engine powered products designed and manufactured include light towers which provide temporary lighting for various end markets; commercial and industrial mobile heaters and pumps used in the oil & gas, construction and other industrial markets; and a broad product line of outdoor power equipment for residential and commercial use. Generac's energy technology solutions are available globally through a broad network of independent dealers, distributors, retailers, ecommerce partners, wholesalers and equipment rental companies, as well as sold direct to certain national and regional account customers, and to individual consumers that are the end users of its products.