NEW ORLEANS, Jan. 10, 2023 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time January 30, 2023 Lead Plaintiff’s motions in a securities class action lawsuit against Generac Holdings Inc. GNRCif they acquired the Company’s shares between April 29, 2021 and November 1, 2022 inclusive (the “Collection Period”). This lawsuit is pending in the United States District Court for the Eastern District of Wisconsin.

What you can do

If you have purchased Generac stock and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner Lewis Kahn toll-free, without obligation and at no cost to you, at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-gnrc/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must file a petition with the court January 30, 2023.

About the lawsuit

Generac and certain of its officers are alleged to have failed to disclose material information during the Class Period in violation of federal securities laws.

On October 19, 2022, the Company reported dismal third quarter 2022 preliminary financial results, including a pre-tax charge of $55 million related to the warranties and expenses for its clean energy products resulting from a distributor’s bankruptcy filing. On the news, Generac shares fell $37.44 per share, or 25%. Then, on November 2, 2022, the company reported its third-quarter results and lowered its full-year guidance for revenue from its solar power business by about 40% due to the loss of a major customer and a $37.3 million clean energy product guarantee -Dollar. Related topics. Generac shares fell another $8.99 per share, or 8%, on the news.

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