We’ve been pounding the table over Generac Holdings (GNRC).

All because of record heat and the potential for blackouts.

As noted by USA Today, “In New York City on June 24, the temperature at JFK Airport rocketed up to 102 degrees, which is the hottest reading ever recorded there in June, the National Weather Service said. This comes a day after temperatures topped 100 degrees in both Newark, New Jersey, and downtown Baltimore and thousands of customers lost power due to the excessive heat.”

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If temperatures rise even more, we could see potential blackouts, which could lead to a potential spike in generators, which would benefit companies like Generac.

When we highlighted opportunity in GNRC on June 17, it traded at $126.32.

Today, it’s up to $139.42 and could push even higher. In fact, if GNRC can break above double-top resistance at $138.93, it could rally to $150.

Sincerely,

Ian Cooper