Stocks were flat in early trading this morning as the S&P hovered just below it’s record high. Investors remain alert to any possible market influencing factors.
Industrial stocks are likely to be some of the busiest stocks in the market over the next couple of quarters. As the global economy reboots, it’s a good time to consider beefing up that area of your portfolio.
Our trade alert for today highlights a pioneer from the industrials sector that seems primed for take off in 2021. We issued our initial Buy signal in our trade alert from Tuesday, May 11th. In less than one month the share price has steadily risen over 14%, and we think that momentum will likely continue.
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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 management predicts a robust 40% – 45% increase in sales for 2021.
The analyst community is highly bullish on the portable generator company. Of the 16 analysts covering this midcap stock, 14 rate it at Buy, and 2 call it a Hold. There are currently no Sell ratings for the stock.
“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 $400 represents a 21% upside over the next twelve months.
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?
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.
TRUE MARKET INSIDERS
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