Just yesterday, we again highlighted Generac Holdings (GNRC). In fact, we noted, “From $157.50, the stock ran to $160.18 so far. And it could push even higher, especially with Tropical Storm Milton expected to hit Florida as a major hurricane midweek.”
Now at $173.82, it could push even higher with Hurricane Milton.
While we still like GNRC, investors should also pay attention to Xylem (XYL), a water technology provider. As noted on its site, “Xylem works with cities, counties and companies to create contingency plans that map out emergency response strategies and identify the required pumping equipment to react to natural disasters.”
When a massive storm hits, floodwaters can overwhelm public drinking water and mean large government contracts for making the water safe again.
Helping, UBS analysts recently initiated a buy rating on the stock with a price target of $165.
“The company’s comprehensive product range, which includes water flow, testing, measurement, treatment, and filtration equipment and services, is poised to capitalize on several long-term trends. These include the renewal of aging infrastructure in the United States and other developed countries, a push supported by government funding, and the ongoing global urbanization that necessitates further water infrastructure improvements,” added Investing.com.
Also, if you’re in the path of Milton, please stay safe.