Generac Holdings Announces Acquisition Of Powerplay Battery Energy Storage Systems, A Division Of Sungrid Solutions; Move Strengthens Company's Position In Commercial And Industrial Battery Energy Storage Systems Market
Portfolio Pulse from Benzinga Newsdesk
Generac Holdings has announced the acquisition of Powerplay Battery Energy Storage Systems, a division of Sungrid Solutions. This move is expected to strengthen Generac's position in the commercial and industrial battery energy storage systems market.
June 27, 2024 | 11:56 am
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Generac Holdings has acquired Powerplay Battery Energy Storage Systems from Sungrid Solutions. This acquisition is expected to enhance Generac's market position in the commercial and industrial battery energy storage systems sector.
The acquisition of Powerplay Battery Energy Storage Systems is a strategic move for Generac Holdings, likely to enhance its product offerings and market share in the commercial and industrial battery energy storage systems market. This positive development is expected to have a favorable impact on GNRC's stock price in the short term.
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