Yahoo Finance Generac (GNRC) Unveils GP7500E Dual Fuel Portable Generator
Generac Holdings GNRC recently rolled out the GP7500E Dual Fuel portable generator, which is designed to meet the higher power demand from electrical appliances. The generator has a robust capacity of 9400 starting watts and 7500 running watts, which makes it capable of handling demanding loads from power tools, sump pumps and other essential devices in residential settings.
The distinctive feature of the latest GP7500E is its versatility in fuel options, which is the ability to use multiple fuel types. Users can easily switch between gasoline and liquid propane fuel by simply turning a dial, making it a reliable choice for outdoor events, DIY projects, or as a backup power source during emergencies, added the company. The Dual Fuel Dial allows for seamless operation with either gasoline or liquified petroleum gas, providing flexibility and ease of use.
The company has prioritized user convenience by incorporating several user-friendly features into the GP7500E Dual Fuel. It comes equipped with an electric start, eliminating the hassle of manual ignition. Additionally, the generator is transfer-switch ready, further simplifying its usage.
Generac Holdings Inc. Price and Consensus
Generac Holdings Inc. price-consensus-chart | Generac Holdings Inc. Quote
The GP7500E is powered by a reliable 420cc Generac OHV engine to ensure consistent power for various applications. It boasts a sizable 7.9-gallon fuel tank, which helps to deliver a runtime of up to 10 hours at a 50% load when using gasoline, added the company. The inclusion of COsense technology enhances safety by detecting hazardous carbon monoxide levels and automatically shutting down the unit when necessary.
The GP7500E Dual Fuel is now available for purchase at $1,099. Customers can find this product through Generac's omni-channel sales outlets across the United States, including leading home improvement retailers.
Generac is a leading manufacturer of power generation equipment, energy storage systems and other power products, including portable, residential, commercial and industrial generators. The company expects increased power outages due to inclement weather conditions and catastrophic events, like wildfires and hurricanes, to boost the demand for backup power.
The company continues to invest heavily in research and development to address the significant changes in the energy landscape. In April, the company introduced its zero-emissions SBE line of stationary battery energy storage systems. The SBE series works with the company’s line of gas and diesel generators to provide complete facility resilience during lengthy blackouts. It also works with on-site solar to minimize carbon footprint and energy expenses.
At present, GNRC carries a Zacks Rank #3 (Hold). The stock has lost 46.6% in the past year compared with the sub-industry’s decline of 62.2%.
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