Texas Power Grid Implements Emergency Measures To Avoid Outages, Reasons Unclear
Portfolio Pulse from Aaron Bry
The Energy Reliability Council of Texas (ERCOT) declared a 'level 2 emergency' due to limited power supply, implementing emergency operations to avoid blackouts. The reasons behind the emergency are unclear. High temperatures and energy demand have strained the state's power grid. Generac Holdings Inc (NYSE:GNRC), Whirlpool Corp (NYSE:WHR), and Carrier Global Corp (NYSE:CARR) are companies that could potentially benefit from high energy demand and temperatures.
September 07, 2023 | 5:05 pm
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Carrier Global Corp could benefit from high temperatures and energy demand in Texas.
Carrier Global Corp manufactures air conditioning equipment. The high temperatures in Texas could increase demand for their products.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Generac Holdings could benefit from high energy demand and potential power outages in Texas.
Generac Holdings manufactures generators that people can use during power outages. The ongoing power emergency in Texas could increase demand for their products.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Whirlpool Corp could benefit from high temperatures and energy demand in Texas.
Whirlpool Corp manufactures air conditioning equipment. The high temperatures in Texas could increase demand for their products.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80