Have the same generator. Shows only 3 Volts. I took the generator apart and found that the stator winding was burned. Can buy a replacement stator for about $250.00.
Check to see if this unit has brushes and rings. If it does, then make sure that the brushes are making a good contact on the rings. If the contact is good, then your voltage regulator could be bad. This would require more troubleshooting.
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