Shares of backup power company

Generac

caught one more downgrade. This time electric automobiles are to blame.

Jefferies analyst Saree Boroditsky downgraded shares of

Generac

(ticker: GNRC) to Sell from Keep Tuesday. Electric car bidirectional charging is a activity changer for the back again-up power field, in accordance to the analyst. EVs-as-generators will limit Generac development over the prolonged run.

Tags: Alternative Fuel Vehicles Automotive Autos corporate Corporate/Industrial News DJIA Dow Jones Industrial Average F Ford Motor Generac Generac Holdings GNRC industrial news Markets Motor Vehicles North America Passenger Cars Rapid Response S&P 500 Index SPX synd Technology

Generac Catches One more Downgrade. This Time Ford’s EV F-150 Is to Blame.

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