Hurricane season is here.
And it’s expected to be a busy one.
According to the National Oceanic and Atmospheric Administration (NOAA), an above-normal hurricane season is expected.
“The agency is forecasting a range of 13 to 19 total named storms (winds of 39 mph or higher). Of those, 6-10 are forecast to become hurricanes (winds of 74 mph or higher), including 3-5 major hurricanes (category 3, 4 or 5; with winds of 111 mph or higher). NOAA has a 70% confidence in these ranges,” they added.
One way to trade hurricane season is with power generator stocks, like Generac Holdings (GNRC), a $7.37 billion leader in power generation equipment and other light-motor equipment for residential and industrial customers.
With a long history of pushing higher, as hurricane season heats up, Generac markets home standby generators and the leading global manufacturer of mobile generators for industrial use. Beyond the physical damage to homes and businesses, one of the biggest inconveniences of a powerful storm is electrical outages.
Even better, as we near hurricane season, GNRC is severely oversold.
From its last traded price of $124.72, we’d like to see it closer to $200 later this year.
Sincerely,
Ian Cooper
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