S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Industrials

Generac Prices Secondary Stock Sale

Photo of Paul Ausick
By Paul Ausick Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

stock symbol ticker
thinkstock
Power equipment product maker Generac Holdings Inc. (NYSE: GNRC) has priced a secondary stock sale of 6.5 million shares at $34.95 per share. The sale includes only shares held by CCMP Capital, and none of the proceeds will be available to Generac or any of its directors or officers.

Morgan Stanley is the underwriter and has been granted an overallotment option of up to 975,000 additional shares.

Generac’s shares closed at $35.64 last night, so today’s price represents a discount of 1.9%.

CCMP is Generac’s largest shareholder and will hold about 11.7% of the company’s stock after the offering is completed. CCMP plans to continue reducing its ownership stake in Generac with additional stock sales in the future.

Shares of Generac traded down about 2.4% in the first few minutes of trading this morning, at $34.77 in a 52-week range of $18.35 to $41.48.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
David Beren |

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
David Beren |

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk

Continue Reading

Jon C. Ogg |

Generac Investor Sells More Shares

Jon OggGenerac Holdings Inc. (NYSE: GNRC) is seeing another instance where insiders are selling out of shares in a secondary…
Jon C. Ogg |

Largest Generac Holder Decides It Is Time to Unload Shares

Jon OggGenerac Holdings Inc. (NYSE: GNRC) already has pulled back from its post-storm highs. After the company won more business for…
Is Generac Now Deep Value or a Value Trap for 2016?
Jon C. Ogg |

Is Generac Now Deep Value or a Value Trap for 2016?

It seems almost unfair, but adverse weather conditions and natural disasters can dominate business sectors and certain aspects of the…
Generac’s Data Center Pivot Fuels 57% Rally Despite Q4 Earnings Miss
Eric Bleeker |

Generac’s Data Center Pivot Fuels 57% Rally Despite Q4 Earnings Miss

Generac Holdings (NYSE:GNRC | GNRC Price Prediction) has surged 56.65% year-to-date, with shares climbing 36.35% over the past month and…
JP Morgan’s 6 Best 2022 Picks in Alt/Solar Energy 
Paul Ausick |

JP Morgan’s 6 Best 2022 Picks in Alt/Solar Energy 

J.P. Morgan analysts have revisited their alternative energy stocks, naming three as their top picks in the space and highlighting…
Jon C. Ogg |

The Doubt and Opportunity of Generac

Generac Holdings Inc. (NYSE: GNRC) is seeing interest in its shares yet again. The company has been a keen beneficiary…
After Record Cyber Monday Sales, Analysts Upgrade or Downgrade Affirm, Roku, UPS and More
Chris Lange |

After Record Cyber Monday Sales, Analysts Upgrade or Downgrade Affirm, Roku, UPS and More

Tuesday’s additional top analyst upgrades and downgrades were on Affirm, Canadian Pacific Railway, Darden Restaurants, Generac, Goodyear Tire & Rubber,…
Before the Bell: Another Day, Another Bank Drama; What Will the Fed Do Next?
Paul Ausick |

Before the Bell: Another Day, Another Bank Drama; What Will the Fed Do Next?

Investors got something they expected from the Federal Reserve on Wednesday, but there could be a hitch down the road.…
Jon C. Ogg |

Aramark Private Equity Backers Unloading More Shares

Aramark has been public a year now, and a new filing shows that the private equity backers intend to lock…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618