SAN DIEGO, Dec. 28, 2022 (GLOBE NEWSWIRE) —

The class: Robbins LLP Reminds investors that a shareholder has filed a class action lawsuit on behalf of all individuals and entities owned by Generac Holdings Inc. GNRC Common stock between April 29, 2021 and November 1, 2022. The lawsuit seeks damages under the Securities Exchange Act of 1934. Generac designs, manufactures and sells electric power generation equipment, energy storage systems and other power products for household and lighting commercial and industrial markets worldwide.

What now: Shareholders in a similar position may be eligible to participate in the class action lawsuit against Generac. Shareholders who wish to be lead plaintiffs in the class action must file their filings by January 30, 2023. A Lead Plaintiff is a representative party acting on behalf of other Class Plaintiffs in the conduct of the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information here.

All representations are on a contingency fee basis. Shareholders pay no fees or costs.

What is it about in this case: Generac Holdings Inc. (GNRC) misleads investors about the quality of its products and its business prospects

According to the lawsuit, the defendants did not tell investors that Generac’s component – “SnapRS” – was defective. Consumers and business partners informed the company of the defect, but the defendants continued to boast of the success and reliability of its solar energy products.

On August 1, 2022, a Generac reseller – Pink Energy – filed a lawsuit against Generac, revealing that the company’s “defective” SnapRS components caused millions of dollars in damages, resulting in liability that threatened Pink Energy’s solvency . The disclosures in Pink Energy’s complaint caused Generac’s stock price to fall $3.31 per share. Liability from defective SnapRS components eventually forced Pink Energy into bankruptcy on October 7, 2022.

On…