Keep an eye on Generac Holdings (GNRC).
Should Category 4 Hurricane Beryl make its way into the Gulf of Mexico, and potentially on to U.S. shores, generator stocks like Generac Holdings (GNRC) could see further upside. All as the fear of power outages force people to buy generators for backup power.
After all, according to Generator Source, “The high winds can take down power poles and cause damage to power plants. It can take weeks and, in many cases, months before power company personnel are able to fully restore power. This is why the demand for backup power generators has become so high.”
Plus, if you pull up a five-year chart of GNRC, you’ll see the stock historically pops around June and July just ahead of storms.