Hurricane Helene Adds To 'Most Active Quarter' For Power Outages, Driving Back-Up Generator Demand
Portfolio Pulse from Erica Kollmann
Hurricane Helene has significantly increased demand for backup generators, benefiting Generac Holdings Inc. (NYSE:GNRC). KeyBanc analysts highlight a surge in power outages, positioning Generac to capitalize on this trend. The company's stock has risen following the hurricane, with expectations of strong Q3 earnings.
October 02, 2024 | 4:06 pm
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Generac Holdings Inc. is expected to benefit from increased demand for backup generators due to Hurricane Helene and a surge in power outages. The company's stock has risen recently, and strong Q3 earnings are anticipated.
The active hurricane season, particularly Hurricane Helene, has led to a significant increase in power outages, driving demand for Generac's backup generators. This demand is reflected in the recent rise in Generac's stock price and the anticipation of strong Q3 earnings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100