Recent Security Class Actions

Generac Holdlings Inc. Common Stock (NYSE: GNRC)

Company Name:Generac Holdlings Inc. Common Stock
Stock Symbol:NYSE: GNRC
Class Period Start:04/29/2021
Class Period End (inclusive):11/01/2022
Filing Deadline:01/30/2023

On October 19, 2022, the Company released dismal preliminary financial results for 3Q2022 including a $55 million pre-tax charge relating to its clean energy product warranties and expenses, due to a distributor that had filed for bankruptcy. On this news, shares of Generac fell by $37.44 per share, or 25%.  Then on November 2, 2022, the Company released its third quarter earnings and significantly lowered full-year guidance on sales by its solar energy business of approximately 40% due to the loss of a major customer and $37.3 million worth of clean energy product warranty-related issues.  On this news, shares of Generac stock fell an additional $8.99 per share, or 8%.