GNRC dropped this morning for no apparent reason. These generators are going to be needed in FLA. They have also been needed during heat waves. Great op to get in at the bottom.

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uncle_vito <[email protected]> writes:

GNRC dropped this morning for no apparent reason. These generators
are going to be needed in FLA. They have also been needed during heat
waves. Great op to get in at the bottom.

A few weeks, maybe a month or two, ago, I saw a news item about some
company X (I forget who) whose business (selling and installing, IIRC)
used Generac generators exclusively that was having a problem because of defects(?) with a recent batch of generators. As you can see, I don't
recall the details.

For long term holding, you're probably right. I have no reason to think Generac wouldn't stand behind their products and fix the problems, but
in the short term, it might be an issue, and that may be why the stock
was down. Someone buying in hopes of an end-of-Q3 surge and quick sale
might do better trading their competitors.

Don't trust my vague memory, though. Go find the news article if you're considering the stock.
-WBE

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Winston <[email protected]d> adds:
On further thought, the article was about the bigger whole-house/building backup generators, not the portable generators one buys at a store and
takes home, so maybe it's not an issue.
-WBE

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On Thursday, September 29, 2022 at 1:12:22 PM UTC-7, Winston wrote:

Winston <[email protected]d> adds:
On further thought, the article was about the bigger whole-house/building backup generators, not the portable generators one buys at a store and
takes home, so maybe it's not an issue.
-WBE

Winston: You may be right. I did hear about Genrac having problems with reliability for its generators.. That was being addressed. They are also getting into Li-Ion backup power supplies.

These are charged by solar or by household power for a later power outage. I own a Goal Zero Yeti 1400 power system for use for my CPAP machine if the power goes out. AFAIK, gas generators do not run long enough (only 2 days?) and nat gas
generators can not work if there is an earthquake and the gas is shut off.

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uncle_vito <[email protected]> writes:

I own a Goal Zero Yeti 1400 power system for use for my CPAP machine
if the power goes out. AFAIK, gas generators do not run long enough
(only 2 days?) and nat gas generators can not work if there is an
earthquake and the gas is shut off.

In emergencies, you may only need the generator to run intermittently,
such as long enough to recharge your Goal Zero Yeti 1400 and run kitchen appliances from time to time.

If by "gas" you mean gasoline, "2 days" (on a tank full?) is probably
not the real limit: that depends on how much gasoline and oil you have
in storage + vehicle tank(s). You turn it off and wait for the tank to
be cool enough that it's safe to add fuel. My father had a portable
generator with a small (1/4 gallon?) tank he ran intermittently for
weeks after a hurricane took out utility electricity.

As for generators that run on natural gas, I've always thought in terms
of having my own tank(s) of gas, rather than depending on utility gas
(which, in my case, isn't even available). IIRC (and I might not), my
cousins have one or two 20cf tanks that will run their generators for
quite a while. :)
-WBE

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On Thursday, September 29, 2022 at 3:04:45 PM UTC-7, Winston wrote:

gmail.com> writes:

I own a Goal Zero Yeti 1400 power system for use for my CPAP machine
if the power goes out. AFAIK, gas generators do not run long enough
(only 2 days?) and nat gas generators can not work if there is an earthquake and the gas is shut off.

In emergencies, you may only need the generator to run intermittently,
such as long enough to recharge your Goal Zero Yeti 1400 and run kitchen appliances from time to time.

If by "gas" you mean gasoline, "2 days" (on a tank full?) is probably
not the real limit: that depends on how much gasoline and oil you have
in storage + vehicle tank(s). You turn it off and wait for the tank to
be cool enough that it's safe to add fuel. My father had a portable
generator with a small (1/4 gallon?) tank he ran intermittently for
weeks after a hurricane took out utility electricity.

As for generators that run on natural gas, I've always thought in terms
of having my own tank(s) of gas, rather than depending on utility gas
(which, in my case, isn't even available). IIRC (and I might not), my
cousins have one or two 20cf tanks that will run their generators for
quite a while. :)
-WBE

Propane tanks might be best in your case. They need to be rather large to last several days. Gasoline has issues in that it does not store well. Even with Sta-bil it goes bad after a few months and needs to be cycled
so you always have a supply of fresh gasoline. I think a Goal Zero Yeti power supply charged by solar panels (that you can purchase) is the best way to go indefinitely.

BTW, the issue with defective Genrac generators is not new and had been known for several weeks.

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uncle_vito <[email protected]> writes:

Gasoline has issues in that it does not store well. Even with Sta-bil
it goes bad after a few months and needs to be cycled so you always
have a supply of fresh gasoline.

Indeed; something the writers of The Walking Dead, Mad Max, and other
such stories conveniently ignore as their characters drive around long
after the infrastructure to produce and distribute fresh gasoline is
gone. :-/

For the particular case of hurricanes, which are the main cause of long
power outages here in the east, one stocks up before the storm and uses
it up afterward (in the car if not the generator), so long term storage
isn't an issue, but yes, propane's better in that regard.

I think a Goal Zero Yeti power supply charged by solar panels (that
you can purchase) is the best way to go indefinitely.

That and pretty much any other solar or wind + battery system is better
for continuous service, provided your house is still livable after the
storm.

BTW, the issue with defective Genrac generators is not new and had
been known for several weeks.

Er, yes, as I said originally:

A few weeks, maybe a month or two, ago, I saw a news item ...

:)

Later. Ian's approaching. Looks like lots of rain today but not that
bad in terms of wind here.

Re: your prediction about GNRC stock: Have you seen any news about
generator sales in Florida or Puerto Rico? I haven't been watching
weather news.
-WBE

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Re: your prediction about GNRC stock:

A few minutes ago, CNBC said an analyst at Cowen put out a buy
recommendation for Generac. The stock is up a bit this morning.
-WBE

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On Friday, September 30, 2022 at 5:13:02 AM UTC-7, Winston wrote:

Re: your prediction about GNRC stock:
A few minutes ago, CNBC said an analyst at Cowen put out a buy
recommendation for Generac. The stock is up a bit this morning.
-WBE

Up $8 from yesterday's close. Not sure why the drop yesterday but I got in at $175 and I am up $7. I am using options, so I have made $700.

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On Friday, September 30, 2022 at 9:09:50 AM UTC-7, uncle_vito wrote:

On Friday, September 30, 2022 at 5:13:02 AM UTC-7, Winston wrote:

Re: your prediction about GNRC stock:
A few minutes ago, CNBC said an analyst at Cowen put out a buy recommendation for Generac. The stock is up a bit this morning.
-WBE

Up $8 from yesterday's close. Not sure why the drop yesterday but I got in at $175 and I am up $7. I am using options, so I have made $700.

OMG GNRC has been totally monkey hammered. I have only 25 shares at this point but am down about $50/sh or 25%!!!! That is a $1250 loss. Luckily I have made money on SPY puts to counter. Earnings on 10/21.

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