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With hurricane season underway and an oppressive heat wave rolling across parts of the nation, investors have been snapping up shares of Generac
The backup-generator maker is on track for its sixth straight day of gains and best week since November 2024. It is up nearly 12% this week.
High temperatures blanketed areas through the central and eastern United States starting last weekend, resulting in reported power outages in states such as New York, New Jersey and Illinois. Extreme heat warnings and advisories are still in effect for parts of the Mid-Atlantic, Ohio Valley and Southeast, affecting 130 million people, the National Weather Service said.
On top of that, this Atlantic hurricane season is expected to be above normal, according to the National Oceanic and Atmospheric Administration. The agency expects 13 to 19 total named storms, with six to 10 expected to become hurricanes. Of those, three to five are anticipated to be “major hurricanes,” which are categories 3, 4 or 5.
