Generac Soars as Hurricane Milton Approaches
Generac (GNRC) Gurufocus·2024-10-08 05:40
Generac (GNRC, Financial) is seeing its stock price soar today by more than 8.54% as the hurricane Milton strikes. Hurricane Milton is a Category 5 tropical cyclone in the Gulf of Mexico that is approaching Florida. When hurricane strikes, or any natural disasters happen and the electricity goes out, the backup generator becomes a popular item. And the market welcomes this unfortunate event by appreciating the stock price of Generac. Catastrophe is an opportunity of raising sales for a prime mover that prod ...