Robert W. Baird & Co. Incorporated on Generac
Thesis
Baird purchased Generac because it expects structural growth in demand for resilient power infrastructure. AI data centers and semiconductor fabs require increasingly reliable electricity supply. At the same time, a constrained electric grid and broader electrification trends should create additional demand. Baird therefore sees Generac as another industrial beneficiary of the long-term AI infrastructure buildout.
“Generac should also benefit from the long-term increase in demand for resilient power infrastructure”