Generac Power Systems is a very well known company throughout the United States, especially to those who know the home generator industry well. Generac is one of the leading home generator manufacturers, but some concern has risen in recent months as financial gains had stagnated. However, these fears have proven to be unfounded, as Generac has recently been upgraded from a “hold” rating to “buy” by financial experts.
There are many reasons why Generac’s latest financial upgrade is very good news for both the company and its consumers. Perhaps the most important reason is that this upgrade means that Generac has continued to provide customers with a quality product. While Generac has often enjoyed very positive customer ratings and reviews, a powerful capital return means that the company sells a high amount of product and their customers retain it. This may not sound like a news highlight, but major purchases are often met with “buyer’s remorse,” leading to a high rate of returns, which hurts a company’s cash flow. Generac’s positive financial output means that customers purchase their home generators, are satisfied with the product, and retain Generac’s services for years to come. This is the hallmark of a successful company and shows that Generac continues to produce good quality generators.
Despite the fact that we are living in a challenging economy, home generators have proven to a be a purchase that consumers are willing to make. This upgrade may be good for Generac, but it also shows that the public values home generators so much that they are willing to spend money in a struggling economy to buy them. While competing home generator companies may not be happy with the resurgence of Generac’s company in particular, they are undoubtedly delighted by the fact that consumers continue to purchase home generators over other high-cost products.
Generac’s financial upgrade displays their power and strength in the market, and shows that they are a company at the forefront of both quality and reliability. When making a major financial decision, such as purchasing a home generator, these upgrades are very important and often show customer satisfaction, as well as a high-quality product. However, this upgrade may mean, more than anything else, that a home generator is a smart purchase that consumers value highly for the protection of one’s home and one’s family.