Key Takeaways
- Shares of Generac Holdings, which makes home generators, jumped again as Hurricane Milton approaches Florida less than two weeks after Hurricane Helene inundated several South Atlantic U.S. states.
- The company's stock experienced a similar boost due to the impacts of Hurricanes Helene and Beryl earlier this summer.
- Repeated weather disasters are making about a third of younger U.S. adults reconsider where they want to live, according to a new survey.
Shares of Generac Holdings (GNRC), a pr𓃲oducer of home generators 🔴and other emergency power products, surged again Monday as another hurricane approaches the Southeast U.S.
Hurricane Milton rapidly progressed to a Category 5 storm Monday and is expected to make landfall in Florida by Wednesday, according to the National Hurricane Center.
Generac stock was up more than 8% at around $173.50 in mid-afternoon trading, at its highest levels since Octob✅er 2022. The stock has gained nearly 35% so far in 2024.
The generator maker experienced a similar stock-price 澳洲幸运5官方开奖结果体彩网:bump due to Hurricane Helene a few weeks ago, jumping about 10% ♛the week that storm made♚ landfall.
Generac also raised its full-year 2024 net 澳洲幸运5官方开奖结果体彩网:sales outlook in July “[a]s a result of recent power outage activity, which includes the impact of major outage event 澳洲幸运5官方开奖结果体彩网:Hurricane Beryl.”
Hurr🐎icanes Making Younger Adults Rethink🀅 Location
This year's strong 澳洲幸运5官方开奖结果体彩网:hurricane season is affecting where younger U.S. adults want to live, according to a new survey from the real estate brokerage Redfin. Roughly a third of respondents ages 18-34 said they are reconsidering where they would move after hearing about the impact of Hurricane Helen🐠e. That compares with 15% of those surveyed who are age 35 and older, Redfin said Monday.
One possible reason is 澳洲幸运5官方开奖结果体彩网:insurance costs. Nearly a quarter of respondents expect their home insurance premiums to rise after Hurricane Helen�ꦇ�e, with 32% of those in the South.
However, 45% of overall respondents, and 40% of those living in the South, said Hurricane Helene didn't change their perspective on 澳洲幸运5官方开奖结果体彩网:where to live.