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.
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IMPORTANCE 90
RELEVANCE 100