Generac Holdings Shares Surge Following Strong Q3 Results Amid High Demand for Power Backup Equipment

Post-earnings options surge sees 7,226 calls and 6,512 puts exchanged, 2.3 times the company's average daily volume; Generac outperformed Q3 estimates and reports 24% increase in C&I segment sales despite a decline in residential product sales.

Generac Holdings posted strong Q3 results due to high demand for power backup equipment, leading to a surge in the company's shares.
The commercial and industrial business segment recorded a 24% sales increase, driven by power outages and extreme weather conditions.
Despite the growth in the C&I sector, Generac's residential product sales dropped by 15%, largely due to inflation and high borrowing costs affecting consumer spending.
The company traded a total of 7,226 calls and 6,512 puts, representing a 2.3x increase from the average daily options volume. The most popular were the January 2025 100-strike put and the weekly 11/3 92-strike put.
Despite the surge in stock price, Generac's overall equity has currently declined 4.2% since the start of the year.