Generac (GNRC) introduces new EV charging system
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 28.9%
EPS Growth %: +21.2%
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Energy technology design company, Generac Power Systems, Inc., (NYSE: GNRC) announced today the introduction of its first electric vehicle charging system.
The 48A / 11.5kW Generac EV charger is a Level 2 home charger capable of charging a car battery in as little as four to six hours, depending on the car battery's capacity and charge need. The unit comes with a J1772 connector compatible with nearly all EVs on the market, and a NEMA-4 enclosure makes the unit rated for both indoor and outdoor residential installation.
"We've seen an unprecedented rise in demand for electric vehicles in the United States," said Joshua Brister, director of product management at Generac. "We're excited to help satisfy this high demand by adding the Generac EV charger to our network of energy technology products."
The Generac EV charger will be available through Generac's omni channel sales outlets. Customers will also have the ability to have an in-home consultation with a turnkey installation through Generac's dealers.
"Electric vehicle owners need confidence that they can quickly charge to get where they need to go," said Nick Schmidling, senior product manager at Generac. "As a leader in home energy technology, we're introducing a product that homeowners can rely on, with a name brand they have come to trust for nearly 65 years."
Shares of GNRC are up 4.45% in mid-day trading on Tuesday.
By Michael Elkins | [email protected]
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