NEW YORK, Sept. 29, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Generac Holdings Inc. ("Generac" or the "Company") (NYSE: GNRC). Such investors are advised to contact Robert S. Willoughby at or 888-476-6529, ext. 7980.
The investigation concerns whether Generac and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 2, 2023, Generac announced revised downwards guidance for 2023 due to "weakness in residential products." The Company blamed the downturn on a "softer consumer spending environment" which led to weaker-than-expected sales of the Company's residential units.
On this news, Generac's stock price fell $37.46 per share, or approximately 25%, to close at $115.95 per share on August 2, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See .
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Robert S. Willoughby
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP