According to the Complaint, Generac Holdings, Inc. designs, engineers and markets standby power generators. It produces generators for both industry and for home consumers. It also produces other products for industrial and personal use, such as heaters and pressure washers.

The Complaint alleges that during the Class Period, Defendants engaged in a scheme to deceive the market and a course of conduct that artificially inflated the price of GNRC stock and operated as a fraud or deceit on Class Period purchasers of GRNC stock by failing to disclose and misrepresenting adverse facts detailed in the Complaint. When Defendants’ alleged misrepresentations were disclosed and became apparent to the market on August 2, 2023, the price of GNRC stock fell precipitously.

On February 7, 2024, the Court issued an Order appointing Lead Plaintiff and Counsel. On February 21, the parties jointly stipulated to transfer the case to the Eastern District of Wisconsin. The Court granted the motion to transfer on February 22.

On February 22, 2024, the case transferred in to the Eastern District of Wisconsin under Docket 24-CV-00240.

Lead Plaintiff filed an amended Complaint on April 22, 2024.