Credit: Shutterstock photoPremium industrial goods company, Generac Holdings Inc . GNRC recently launched two new technologies within its offerings, which serves to provide cheaper backup power for household clients. The new invention supports easier and more economical installation of automatic home backup power.
Innovation Particulars
A renowned household backup power supplier, Generac aims to provide good quality power solutions to homeowners across the globe at affordable prices. With this objective, the company has launched its new 16 circuit NEMA 3R rated automatic transfer switch and Smart Management Module ('SMM') load management arrangement.
While the Smart Management Module ('SMM') load management system would help household customers buy lower kilowatt automatic backup power arrangements; the company's new 16 circuit NEMA 3R rated automatic transfer switch comprises an electrical panel to help buyers reduce backup-power installation costs.
Moving Forward
Generac is a prominent manufacturer and designer of a broad variety of engine-powered products and generators. Since its inception in 1959, the company has successfully expanded the scale of its business across the global industrial goods market. The company's power products are traded by independent dealers, wholesalers, retailers and specialized equipment rental firms.
Traditionally, all homeowners had to bear the costs of buying custom-built subpanels that could be fixed only outside their home. Generic, by strategically investing in technological innovations that support convenient installation of cheaper backup power, has been able to productively increase its customer value. We believe such competent investments would help Generac attract new customers report healthier financial results in the upcoming quarters.
Stocks to Consider
With a market capitalization of $3.38 billion, Generac Holdings currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Abengoa SA ABGB , Advanced Emissions Solutions, Inc. ADES and AO Smith Corp. AOS . While Abengoa SA sports a Zacks Rank #1 (Strong Buy), both Advanced Emissions Solutions, Inc. and AO Smith Corp. carry a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
