Stifel Boosts Generac Price Target to $290 on Amazon Deal
Stifel has raised its price target on Generac Holdings to $290 from $285, while maintaining a Buy rating. The current stock price is at $212.22, which represents a 55.6% year-to-date increase. InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value estimate.
The firm increased its 2027 adjusted EBITDA forecast for Generac to $1,174 million from $1,150 million, reflecting higher commercial and industrial revenue forecasts. This revision follows the company's recent Amazon award and accelerating data center capacity expansion plans.
Generac received $2.4 billion in initial Amazon orders on top of roughly $1.6 billion in data center backlog exiting the second quarter of 2026. The company plans to triple data center capacity to $3.75 billion per year by the second half of 2027.