See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- What Generac (GNRC) Said on Its Q3 Earnings Call
Generac's third-quarter net sales rose 16% year over year to a record $1.29 billion, while adjusted EBITDA increased 33% to $256 million, driven by data-center demand in its commercial and industrial business and a recovery in residential generator sales. A long-term Amazon agreement includes expected deliveries of $2.4 billion across 2027 and 2028, helping drive the data-center backlog to approximately $4.5 billion. Management expects 2027 data-center revenue to well exceed $2 billion and raised its adjusted EBITDA margin outlook to 20.5%–21%. Generac is expanding large-megawatt generator capacity, targeting roughly $4 billion in annual data-center-related capacity by the second half of 2027.
- Generac to Report Q3 Earnings: Should Investors Hold or Fold?
Generac is scheduled to report third-quarter 2026 results on Oct. 28. The Zacks Consensus Estimate calls for earnings of $2.38 per share, down 2 cents over the past 60 days, and revenue of $1.31 billion, up 17.9% year over year. Generac beat estimates in two of the last four quarters and missed in two. Growth is driven by the Commercial & Industrial segment, where the data center backlog reached $1.6 billion as of July 2026 and management raised its 2026 data center revenue expectation to roughly $450 million. A long-term supply deal with Amazon worth $2.4 billion, with initial deliveries across 2027 and 2028, adds visibility to that business. The residential growth outlook for 2026 was lowered to high single digits from roughly 10%, citing low outage activity, affordability concerns and a small divestiture.
- Generac (GNRC) Stock Could Be 36% Undervalued After Backup Power Deal
Generac Holdings (GNRC) shares were priced at US$189.23, and the stock has returned about 130.1% over the past 3 years. The article questions whether that price is supported by projected cash flows, especially after a long-term backup power agreement with Amazon with deliveries planned for 2027 and 2028. Using a two-stage free cash flow to equity DCF model, with latest free cash flow of about $386.3m and projections growing toward 2030, the article says intrinsic value is substantially above the current price, while the headline cites a 36% undervaluation. The stock trades at a 43.3x P/E.
- Generac reports record sales of $1.29 billion, driven by data centers
- PROG Holdings, Inc. Q3 2026 Earnings Call Summary
- Hilton Worldwide Holdings Inc. Q3 2026 Earnings Call Summary
Related markets
Latest news
- Bessent says 'not necessarily' a mistake if the Fed hikes again
US Treasury Secretary Scott Bessent spoke to CNBC after the Federal Reserve's latest policy decision, just days before an election that will determine the balance of power in Washington. The Fed kept interest rates unchanged, as the market had widely expected, after pausing its rate hikes. Bessent said it would be 'not necessarily' a mistake if the Fed needed to raise rates at its December meeting. Fed funds futures traders put the probability of a December rate hike at more than 83%. Bessent is a key confidant of President Donald Trump, whose Republican Party is counting down to next week's midterm elections, and the outcome of several key races could determine whether the GOP retains total control in Washington.
- Alphabet Q3 earnings: Google misses Wall Street estimates
Alphabet (GOOGL, GOOG) reported third-quarter earnings per share of $2.12, short of Wall Street's $3.01 estimate. Revenue excluding traffic acquisition costs came in at $111.21 billion, narrowly missing expectations of $111.29 billion.
- Alphabet: Q3 Earnings Snapshot
Alphabet (GOOGL) reported third-quarter earnings of $26.47 billion, with net income of $2.12 per share, missing Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks was $2.94 per share. Revenue for the period was $127.58 billion, and after subtracting Alphabet's advertising commissions it came to $111.21 billion, also below the $111.8 billion forecast by nine analysts surveyed by Zacks.
- NVIDIA (NVDA) Deepens AI Infrastructure Push With New Digital Twin And Agent Deals
NVIDIA announced expanded collaborations to accelerate global AI infrastructure and agentic applications across industrial, cloud and consumer settings. NVIDIA and Oracle plan to scale multi-gigawatt AI cloud superclusters using Vera Rubin GPUs and Vera CPUs for training, inference and agent workloads. Schneider Electric and AVEVA reported successful pilots of a digital twin built on NVIDIA Omniverse DSX Blueprint, now deployed at the SINES Data Campus to optimize AI data center operations. NVIDIA also deepened its collaboration with Meta to support high-performance Muse AI agents, with increased infrastructure commitments and optimization efforts. The article notes that these wins do not erase risks analysts already flag, including export controls, in-house accelerators at hyperscalers such as Google and Amazon, and higher component costs.
- Vertiv Guides for 38% Growth, GE Vernova's Orders Jumped 96%. Which AI Power Stock Is the Better Buy After the Sell-off?
Vertiv and GE Vernova, both suppliers of AI data center infrastructure, beat Wall Street estimates in their third-quarter reports. Vertiv's revenue rose 61% year over year and it expects 38% organic growth for the full year, while GE Vernova's revenue rose 27% and its orders jumped 96% organically, with full-year revenue guided up 22%-25%. Both stocks remain well below their all-time highs from earlier this year (45% and 24% respectively), after the Fed raised benchmark rates for the first time in three years this September. Vertiv faces supply constraints and possible margin pressure from its UtilityInnovation Group acquisition, while GE Vernova's Wind segment remains weak and its planned Trench Group deal could compress margins. The author expects Vertiv's EPS to grow faster (49% CAGR vs 24% from 2025 to 2028) and notes it trades at 25 times next year's earnings versus 37 times for GE Vernova, so if forced to choose one, the author would pick Vertiv.
- Why Robinhood thinks we're at the beginning of a prediction market supercycle
Robinhood CFO Shiv Verma says prediction markets are attractive because they are simple, show probabilities clearly, span many asset classes, and make the brokerage and crypto businesses better. The company recently announced KPI contracts on Apple, such as iPhone shipments, revenue and EPS, letting users express specific views without taking basis risk. Verma says prediction markets are up seven times year over year, with volume of about 6 billion monthly or quarterly, versus about 10 billion a day in Robinhood's equities business. The product currently serves mainly US retail investors, but institutions are making inquiries and the company expects global growth; Verma believes each new product tends to be additive and that over a five to 10 year view the business could become as large as the US equities market.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.