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  "documentTitle": "Generac Holdings, Inc. (GNRC)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2022-06-22 00:00:00",
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      "kind": "callout",
      "text": "Generac acquired Pika Energy to enter the energy storage market in April 2019. Its SEC filings later disclosed it paid $49 million. It appears that much of Pika's early success in 2018 before Generac acquired the business from what the company says was \"exponential\" growth in Florida and Puerto Rico. The president of Pika's Puerto Rician distributor Dynamic Solar was arrested in a kickback scheme. How much in sales has Pika done with Dynamic Solar?",
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      "text": "The president of Pika's Puerto Rician distributor Dynamic Solar was arrested in a kickback scheme.",
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      "text": "Individual Indicted And Arrested For Conspiracy Against The United States To Provide Kickbacks. SAN JUAN, Puerto Rico- On June 11, 2019, Leonardo Lebrón-Torres, president of Dynamic Solar Solutions, Inc., a corporation organized under the laws of Puerto Rico, was indicted for conspiracy against the United States to provide kickbacks, and six substantive charges for providing kickbacks, announced U.S. Attorney Rosa Emilia Rodríguez-Vélez of the District of Puerto Rico.",
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      "text": "The demand for Pika's systems has seen strong growth in the last year with Pika's Energy Island sales up 400% in 2018 over 2017 sales. \"Our growth in Florida and Puerto Rico alone has been exponential,\" said Kristen Helsel, Vice President of Operations and Marketing for Pika. \"Since opening these markets in early 2018 we have delivered and installed hundreds of systems and expect to install thousands of Energy Island systems in this market in 2019.\"",
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      "text": "\"Pika's systems have set the bar for excellence in the Puerto Rican energy storage market,\" said Juan C. Díaz-Galarza, Vice President of Operations at Dynamic Solar in Puerto Rico. \"By taking a platform approach, Pika enables homeowners to add more storage and access more power as their needs change. This is very important as storms in the Caribbean continue to intensify and people look for new technologies to keep their homes safe. Instead of living in fear the next hurricane, Pika system owners are ready for the next big storm.\"",
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      "text": "\"Our growth in Florida and Puerto Rico alone has been exponential,\" said Kristen Helsel, Vice President of Sales and Marketing for Pika. — Kristen Helsel; \"Pika's systems have set the bar for excellence in the Puerto Rican energy storage market,\" said Juan C. Díaz-Galarza, Vice President of Operations at Dynamic Solar in Puerto Rico. — Juan C. Díaz-Galarza; \"Individual Indicted And Arrested For Conspiracy Against The United States To Provide Kickbacks\" — USDOJ, District of Puerto Rico",
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      "text": "Source: USDOJ, District of Puerto Rico",
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      "text": "Source: \"Pika Energy Cuts Prices to Allow More Customers to Benefit from Home Energy Storage,\" Press Release, Dec 6, 2018",
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