The chart on this generator stock signals more gains ahead, says Carter Worth
CNBC • • technology
Key Points:
- Generac Holdings (GNRC), a portable generator manufacturer, saw its stock price surge from $76 in March 2020 to $524 in 2021 due to Covid-related demand, before dropping 85% back to around $79.
- The stock has recently been recovering and is expected to continue rising, with recommendations to add to long positions targeting a price near $325.
- These opinions are provided for informational purposes only and do not constitute financial advice; investors are encouraged to consult their own advisors before making decisions.
