Generac Holdings (GNRC -9%) slides today after the company unveiled a secondary offering of...

|About: Generac Holdings Inc. (GNRC)|By:, SA News Editor

Generac Holdings (GNRC -9%) slides today after the company unveiled a secondary offering of around 11.5M shares on behalf of its biggest shareholder and members of the company's board and senior management. Generac, which is the leading maker of standby residential-backup generators, has seen its stock jump over 40% recently on the back of Hurricane Sandy.