Shares of backup power provider
Generac
caught another downgrade. This time electric vehicles are to blame.
Jefferies analyst Saree Boroditsky downgraded shares of
Generac
(ticker: GNRC) to Sell from Hold Tuesday. Electric vehicle bidirectional charging is a game changer for the back-up power industry, according to the analyst. EVs-as-generators will limit Generac growth over the long run.
Source: https://www.barrons.com/articles/generac-stock-downgrade-ford-electric-f-150-51669732668?siteid=yhoof2&yptr=yahoo