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Generac Holdings,(NYSE:GNRC) a generator manufacturer based out of Waukesha, Wisconsin sold 18.8 million share at approx. $13 a share. Just under the estimated amount they had expected, which was $15 to $17 per share. The company also was at a loss when their sales expectations were cut short by 1.5 million.
About Generac Holdings:
Since 1959, Generac has been a leading manufacturer of backup power generation products serving residential, light commercial and industrial markets. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers.
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