2004 SPORTSMAN 700 NOT KEEPING MY BATTERY CHARGED. DOES ANYONE KNOW IF IT HAS A EXTERNAL REGULATOR, OR IS IT BUILT INTO THE STATOR. MINE PUTS OUT 12.1 TO 12.4 AT THE BATTERY..THANKS FOR ANY HELP. IT HAS NEVER BEEN IN THE WATER OR MUD. HAS 94 HRS ON IT AND A NEW BATTERY.. BATTERY ..........

 

i dont know what month your is about im assueming its after this.
4011053 Rectifier, Regulator (If built after 4/05/04)

 

your bike should be putting out at 13.2 or higher when bike is revered to say 3,000 rpm's. make sure the recifier is not unplugged. its up under the front panel atop of the radaitor i beleave and bolted to the "A"frame housing area. if this was an 05' i would say check into this recall but i dont think it covered 04.5 yrs.