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Generac Holdings Boosts Business with Motortech Acquisition
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Generac Holdings Inc. (GNRC - Free Report) recently announced that it has completed the acquisition of Motortech Holding GmbH & Co. KG. The deal was originally announced on Nov 28, 2016. Financial terms of the transaction were kept under wraps.
In the last one month, Generac Holdings Inc.’s shares generated a negative return of 2.1%, wider than the Zacks categorized Electronic Power industry’s 0.9% decline.
The underperformance clearly justifies Generac Holdings Inc.’s Zacks Rank #4 (Sell). But we believe that the company’s latest acquisition is consistent with its strategic expansion policy. It is also indicative of its strong balance sheet and healthy cash position.
Acquisition Details: Motortech Holding GmbH, based in Celle, Germany, is a recognized manufacturer of gaseous-engine control systems, including knock detection, mixers, throttles and various controls, and accessories. Gaseous-engine control systems are widely sold to gas-engine manufacturers in Europe and to other aftermarket customers.
The acquired assets will enable Generac Holdings to expand its spark-ignited engine generator business globally through new and improved offerings and hence, boost its revenues. Moreover, the company expects the buyout to strengthen its workforce with the addition of more than 250 skilled employees.
Generac Holdings currently has a $2.68 billion market capitalization. Some better-ranked stocks in the industry include Brooks Automation, Inc. , EMCORE Corporation (EMKR - Free Report) and MKS Instruments, Inc. (MKSI - Free Report) . Each of the stocks sports a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Brooks Automation, Inc. posted better-than-expected results in the last four quarters, with a positive average earnings surprise of 111.19%. Also, the earnings estimates for fiscal 2017 and fiscal 2018 have been revised upward, over the past 60 days.
EMCORE Corporation’s earnings estimates for fiscal 2017 have been revised upward in the last 60 days. The company beat the Zacks Consensus Estimate by 100% in the last quarter.
MKS Instruments, Inc. reported better-than-expected results in the last four quarters, with an average positive earnings surprise of 26.77%. Also, earnings expectations for 2017 have improved over the past 60 days.
Zacks' Top 10 Stocks for 2017
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Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Generac Holdings Boosts Business with Motortech Acquisition
Generac Holdings Inc. (GNRC - Free Report) recently announced that it has completed the acquisition of Motortech Holding GmbH & Co. KG. The deal was originally announced on Nov 28, 2016. Financial terms of the transaction were kept under wraps.
In the last one month, Generac Holdings Inc.’s shares generated a negative return of 2.1%, wider than the Zacks categorized Electronic Power industry’s 0.9% decline.
The underperformance clearly justifies Generac Holdings Inc.’s Zacks Rank #4 (Sell). But we believe that the company’s latest acquisition is consistent with its strategic expansion policy. It is also indicative of its strong balance sheet and healthy cash position.
Acquisition Details: Motortech Holding GmbH, based in Celle, Germany, is a recognized manufacturer of gaseous-engine control systems, including knock detection, mixers, throttles and various controls, and accessories. Gaseous-engine control systems are widely sold to gas-engine manufacturers in Europe and to other aftermarket customers.
The acquired assets will enable Generac Holdings to expand its spark-ignited engine generator business globally through new and improved offerings and hence, boost its revenues. Moreover, the company expects the buyout to strengthen its workforce with the addition of more than 250 skilled employees.
Generac Holdings currently has a $2.68 billion market capitalization. Some better-ranked stocks in the industry include Brooks Automation, Inc. , EMCORE Corporation (EMKR - Free Report) and MKS Instruments, Inc. (MKSI - Free Report) . Each of the stocks sports a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Brooks Automation, Inc. posted better-than-expected results in the last four quarters, with a positive average earnings surprise of 111.19%. Also, the earnings estimates for fiscal 2017 and fiscal 2018 have been revised upward, over the past 60 days.
EMCORE Corporation’s earnings estimates for fiscal 2017 have been revised upward in the last 60 days. The company beat the Zacks Consensus Estimate by 100% in the last quarter.
MKS Instruments, Inc. reported better-than-expected results in the last four quarters, with an average positive earnings surprise of 26.77%. Also, earnings expectations for 2017 have improved over the past 60 days.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>