Generac Holdings (GNRC), a leading manufacturer of backup power generators, saw its stock price climb over 8% on Monday as Hurricane Milton intensified to a Category 5 storm. The hurricane is expected to make landfall on Florida’s west coast by mid-week, prompting residents to prepare for potential power outages. Market Impact and Stock Performance Generac’s stock closed at $173.82 per share, marking an 8.5% increase from Friday’s close. The company’s shares reached a new 52-week high of $175. This surge comes on the heels of Hurricane Helene, which recently caused widespread damage across the Southeastern United States. OTR Global upgraded … Continue reading Hurricane Milton’s Arrival Boosts Generac Stock by Over 8% Due to Increased Demand for Backup Power in Affected Areas