NEW
YORK, Jan. 5, 2024 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders
of Generac Holdings, Inc..
Shareholders who purchased shares of GNRC during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/generac-loss-submission-form/?id=62412&from=4
CLASS PERIOD: May 3, 2023
to August 3, 2023
ALLEGATIONS: The complaint alleges that on
August 2, 2023, the Company held its
Q2 2023 earnings call. During that call, President and CEO
Aaron P. Jagfeld revealed lackluster
quarterly results, including a $1
billion sales decrease year-over-year and that residential
sales decreased 44%. When explaining that decline, Jagfeld
contradicted his May statements discounting macroeconomic
trends. He said, "[the Company] underperformed our
expectations as a result of the shift in consumer spending
patterns," thus admitting the importance of inflation on consumer
spending. Consequently, Jagfeld advised investors, "[t]his
weaker than previously expected demand environment is expected to
persist in the second half of the year, also contributing to our
lower outlooked for residential product sales." Generac's
share price dropped swiftly in the day after the earnings
call. On August 1, 2023 shares
closed to $153.38; by the close on
August 3, 2023 shares plummeted to
$110.77.
DEADLINE: January 22, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/generac-loss-submission-form/?id=62412&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of GNRC during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 22, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm