Generac downgraded to Neutral at Guggenheim after Q4 report

As previously reported, Guggenheim analyst Joseph Osha downgraded Generac to Neutral from Buy with no price target following Q4 results and a talk with management. The core home standby business is on track, “if recovering a little slowly,” which the firm thinks reflected in the stock’s current valuation. However, the firm believes that Generac needs to “reconsider its ambitious approach to the residential energy technology segment of its business,” the analyst tells investors.