During Monday's Mad Money program Jim Cramer dove into the solar industry recommending First Solar (FSLR) and Enphase Energy (ENPH) (see our analysis of FSLR and ENPH, here and here).
Cramer's third recommendation to viewers was generator maker Generac Holdings (GNRC) , which in addition to gas-powered generators, also makes solar and battery backup solutions to help homes and businesses weather storms and prolonged outages.
We looked at GNRC on July 1 and recommended "There looks like there is plenty more room on the upside. Start a long position here and use available weaknesses to round out your position. Risk to $370 for now. The round number of $500 is the next price target."
In the updated daily bar chart of GNRC, below, we can see that prices have continued to soar northward. GNRC remains in a strong uptrend above the rising 50-day moving average line and the rising 200-day moving average line.
The On-Balance-Volume (OBV) line has continued higher and has made a new high for the move up to confirm and support the price gains. The trend-following Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.



