Stocks slipped this morning as the rotation out of high-flying tech stocks builds steam. The Nasdaq is down 4% for the month and is down for the fifth out of the past seven trading days. Inflation fears and worries over higher interest rates are rising which is one reason why investors are leaving the biggest pandemic winners like Apple (AAPL) and Microsoft (MSFT), for stocks that they feel present a better value.
Our trade alert for today highlights one company that you may not have heard of. This pioneer from the industrials sector seems primed for take of in 2021.
Generac (GNRC) makes energy storage systems, power generation equipment, among other power products for the light commercial and residential, and industrial markets globally. Founded in 1959, Generac was the first company to engineer affordable home standby generators. Today, it is the leading manufacturer of home backup generators.
The company is focused on expanding market penetration for standby and clean energy solutions in the United States while establishing traction for these products globally. Generac is currently doing business in 150 countries and is working to expand opportunities for growth by pioneering new markets. The bottom line is that the company will profit from a number of secular global developments. Generac managenment predicts a robust 40%-45% increase in sales for 2021.
The analyst community is highly bullish on the portable generator company. Of the 15 analysts covering this midcap stock tracked by S&P Global Market Intelligence, nine rate it at Strong Buy, three say Buy and three call it a Hold.
“The company is well positioned for future trends such as climate change and energy market disruption, 5G deployment, and automation in manufacturing,” writes Argus Research analyst John Eade, who rates the stock at Buy.
Their average target price of $402.77 gives GNRC implied upside of about 33% in the next 12 months or so.
Where to invest $1,000 right now...
Before you consider buying Generac, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Generac.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
