Generac(GNRC)

Leader

Waukesha WI home generator and clean energy (NYSE: GNRC) ~$3.7B FY2024 revenue; 75% US residential standby share, PWRcell battery storage, grid reliability tailwind competing with Kohler and Tesla Powerwall.

Company Overview

About Generac

Generac Holdings Inc. is a Waukesha, Wisconsin-based power generation and energy technology company — publicly traded on the New York Stock Exchange (NYSE: GNRC) as an S&P 500 Industrials component — manufacturing and distributing residential and commercial standby generators, portable generators, pressure washers, light towers, industrial natural gas generators, and residential clean energy systems (battery storage, solar inverters, EV chargers) through approximately 8,500 employees at manufacturing facilities in Wisconsin, South Carolina, Mexico, and international plants. In fiscal year 2024, Generac reported revenues of approximately $3.7 billion, recovering from the 2022-2023 inventory correction cycle — where pandemic-era demand surge for residential standby generators (driven by Texas Winter Storm Uri in 2021, California wildfire public safety power shutoffs, and COVID-era home improvement spending) had created channel inventory overstocking that reduced dealer reorders through 2022-2023 even as manufacturing continued. CEO Aaron Jagdfeld's strategy of expanding beyond home standby generators into residential clean energy (Generac's PWRcell battery storage system, PWRmicro microinverter, PWRlink EV charger — positioning Generac as the whole-home energy management platform for energy-resilient households) accelerated with the 2023 acquisition of CleanCast Solar and continued deployment of the ecobee smart thermostat integration with Generac's PWRmanager energy monitoring system. The residential power resilience market has expanded beyond traditional generator buyers (homeowners in hurricane, ice storm, or blackout-prone areas) to a broader clean energy consumer who values solar+storage energy independence and backup power as grid reliability declines in wildfire and extreme weather-affected regions.

Business Model & Competitive Advantage

Generac's power generation and energy technology model creates competitive advantages through the residential standby generator distribution network and brand recognition in a specialty product category requiring installation expertise: Generac holds approximately 75% of the US residential standby home generator market — a market position built through decades of dealer channel development where thousands of licensed electricians and plumbing-HVAC contractors are trained and certified as Generac dealers, performing installations (connecting the standby generator to the home's natural gas or propane supply and automatic transfer switch) that require Generac product familiarity. The automatic transfer switch (ATS) that monitors utility power and automatically starts the generator within seconds of a utility outage — transferring all home electrical circuits to generator power — is Generac's core value proposition versus portable generators that require manual setup in a power outage at 2 AM in a storm. Generac's PWRcell battery storage system (10kWh-36kWh battery capacity, manufactured with LG Energy Solution battery modules) competes in the residential energy storage market against Tesla Powerwall and Enphase IQ Battery for solar-paired home storage installations among homeowners seeking grid independence and time-of-use electric rate optimization.

Competitive Landscape 2025–2026

In 2025, Generac competes in residential and commercial power generation, and residential clean energy against Kohler Power Systems (private, residential and industrial generator competitor), Cummins (NYSE: CMI, commercial and industrial diesel generators), and Tesla Energy (NASDAQ: TSLA, Powerwall residential battery storage) for home standby generator installations, commercial natural gas generator deployments, and residential solar+battery integrated energy system sales. The power grid reliability deterioration trend — NERC (North American Electric Reliability Corporation) warning of increased risk of energy emergencies from extreme weather, aging grid infrastructure, and coal plant retirements outpacing new generation additions — creates structural demand growth for backup power products from consumers who experienced multi-day power outages during ice storms, hurricanes, and wildfires. Extreme weather event concentration (Hurricane Helene, Hurricane Milton in 2024 causing multi-week utility outages in North Carolina and Florida) drives post-storm demand spikes that pull forward home standby generator purchases. The 2025 strategy focuses on residential clean energy system commercial expansion (PWRcell+solar installation ecosystem through added solar dealer partnerships), residential standby generator market share defense against Kohler, and commercial/industrial natural gas generator growth as data centers and industrial facilities seek backup power for critical operations.

Founded
1959
Headquarters
Wales, Wisconsin, USA
Revenue
$3700M
Curated content • Fact-checked and verified

The Generac Story

Founded in 1959
Wales, Wisconsin, USA
Founded by Robert Kern, Patricia Kern

Founders

Robert KernPatricia Kern
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Company Timeline

Major milestones in Generac's journey

16
Total Events
0
Funding Rounds
6
Acquisitions
6
Product Launches
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Leadership Team

Meet the leaders behind Generac

Aaron P. Jagdfeld

Chairman, President & Chief Executive Officer

Aaron Jagdfeld has served as Chairman since 2016, CEO since 2008, and President since 2007. He joined Generac in 1994 in the finance department, was appointed CFO in 2002, and became President in 2007 overseeing sales, marketing, engineering, and product development. Under his leadership, Generac transformed from a backup generator manufacturer into a $4+ billion global energy technology company with a diversified portfolio. He holds a BBA in Accounting from the University of Wisconsin-Whitewater (1993) and previously worked at Deloitte as a Staff Accountant.

Jennifer Anderson

Executive Vice President, Corporate Strategy and Development

Jennifer Anderson has served as EVP of Corporate Strategy and Development since January 2024, leading strategic planning initiatives and corporate development activities including mergers and acquisitions that drive Generac's growth.

Talal Butt

Chief Information Officer

Talal Butt has served as CIO since March 2024, overseeing information technology strategy, digital transformation, and technology infrastructure across Generac's global operations.

Amanda Teder

Chief Marketing Officer

Amanda Teder was appointed CMO in November 2024 after joining Generac as Executive Vice President of Marketing in November 2022. She leads global marketing strategy, brand development, and customer engagement initiatives.

Tim Hearden

Executive Vice President, Global Operations and Service

Tim Hearden has served as EVP of Global Operations and Service since December 2017, overseeing manufacturing operations, supply chain management, and service delivery across Generac's worldwide facilities.

Paolo Campinoti

Executive Vice President, International & CEO of Pramac Group

Paolo Campinoti has served as EVP International since 2016 with commercial responsibility over EMEA, APAC, and LATAM regions, while also serving as CEO of the Pramac Group, Generac's Italian subsidiary acquired in 2016.

Erik Wilde

President, Domestic Commercial & Industrial

Erik Wilde has served as President of Domestic C&I since July 2016, leading Generac's commercial and industrial business unit serving business customers across North America.

Dawn Tabat

Chief Operating Officer

Dawn Tabat serves as COO, overseeing operational excellence, manufacturing efficiency, and execution of Generac's strategic initiatives across all business units.

Rhonda Matschke

Executive Vice President, Human Resources

Rhonda Matschke leads human resources strategy, talent acquisition, employee development, and organizational culture initiatives for Generac's 8,300+ global workforce.

Raj Kanuru

Executive Vice President, General Counsel and Secretary

Raj Kanuru serves as EVP, General Counsel, and Secretary, overseeing legal affairs, compliance, corporate governance, and risk management for Generac Holdings Inc.

Open Positions

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Key Differentiators

Market Leader

Generac is recognized as a market leader in the Manufacturing sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $3700M in revenue, Generac operates at enterprise scale with proven market validation.

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