Taking full advantage of the stock market and investing with confidence are common goals for new and old investors.

Achieving these goals is made easier with the Zacks Style Scores, a unique set of guidelines that evaluate stocks based on common investment methodologies: Value, Growth and Momentum. Style Scores can help you narrow down which stocks are better for your portfolio and which can beat the market in the long term.

Is this 1 Momentum stock a screaming buy right now?

Unlike value or growth investors, momentum-oriented investors live by the saying “the trend is your friend.” This investing style involves profiting from upward or downward trends in a stock’s price or earnings prospects. Taking into account factors such as a one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate opportune times to build a position in stocks with high momentum.

Generac Holdings (GNRC)

Generac Holdings Inc., headquartered in Waukesha, Wisconsin, was founded in 1959 and is a leading manufacturer of backup and main power generation systems for residential, commercial and industrial applications, solar and battery storage solutions, advanced power grid software platforms and services, and energy management devices and controls as well as motor- and battery-operated tools and devices.

GNRC carries a Zacks Rank #3 (Hold), has a Momentum Style Score of B and a VGM Score of A. The stock has risen 8.6% and 1.5% in the most recent one-week and four-week periods. or Generac Holdings has also increased by 49.8% in the last period of the year. Additionally, an average of 829,480.94 shares traded over the last 20 trading sessions.

Momentum investors don’t just pay attention to price changes; Positive returns also play a crucial role. Three analysts have revised up their fiscal 2024 earnings estimates in the last 60 days. The Zacks Consensus Estimate rose $0.08 to $6.50 per share. GNRC has an average earnings surprise of 9.8%.

Given strong earnings growth, a good Zacks Rank, and top-notch Momentum and VGM Style Scores, investors should consider adding GNRC to their portfolios.

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Generac Holdings Inc. (GNRC): Free Stock Analysis Report

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