Hurricane Season 2018 Powering Generac Holdings

01:21 09/10/2018

The 2017 Atlantic hurricane season was one of the worst on record.

All as Harvey, Irma and Maria made mincemeat out of the U.S.

Harvey flooded Houston. Irma battered the Caribbean before coming ashore in the Florida Keys. Maria destroyed homes and much of the infrastructure in Puerto Rico.

In all, it caused $250 billion in damage.

And now comes Florence – a 130 mph beast with a well-defined eye wall with sights set on the east coast. Described as an “atmospheric brick wall,” the storm surge, high winds, and incredible rainfall chances will lead to sizable power outages.

If you’re in the path, it’s just a good idea to get out of the way. Please be safe.

Of the many stocks racing higher on the storm, including Home Depot and Lowe’s, Generac Holdings GNRC  is racing higher.

GNRC is a $3.65 billion leader in power generation equipment and other light-motor equipment for residential and industrial customers. The company is the market leader in home standby generators and the leading global manufacturer of mobile generators for industrial use.

Beyond the physical damage to homes and businesses, one of the biggest inconveniences of a powerful storm is electrical outages.

It’s why in 2017, GNRC exploded from $37 to $53 before pulling back post-season.

While we’d prefer it if hurricanes would stay offshore, we can’t politely ask them to move. We can profit from them, though. And we can hope for the best for those in the path.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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