Have you lost money investing in Generac Holdings? If yes, please visit us Class Action by Shareholders of Generac Holdings Inc or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

NEW YORK, Jan. 10, 2023 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors, who have purchased or acquired the common stock of Generac Holdings Inc. (“Generac” or the “Company”) GNRC in between April 29, 2021 and November 1, 2022, inclusive (the “Class Period”). The lawsuit was filed in the United States District Court for the Eastern District of Wisconsin alleging violations of the Securities Exchange Act of 1934.

Generac is a diversified power solutions company offering a range of power management technologies, main and backup power solutions. The Company manufactures, markets and distributes a variety of products throughout North America and internationally.

Plaintiff alleges that throughout the Class Period, Defendants made materially false and misleading statements. In particular, plaintiff alleges that repeated misrepresentations by Generac and its officers have concealed from investors a defective component at the core of Generac’s solar power products. This component – the “SnapRS” – was intended to perform an essential safety function by quickly shutting down solar devices in certain dangerous situations. Instead of protecting consumers, the SnapRS would overheat, melt, and in some cases start fires.

The defendants knew that the versions of SnapRS installed in thousands of homes were buggy and dangerous. Numerous consumers filed complaints with regulators, and Generac business partners who sell, install, and service Generac solar products notified the company of the SnapRS defect.

Instead of warning investors and consumers, the defendants …