Why Generac Holdings Stock Triumphed on Tuesday
Power generation specialist Generac Holdings (NYSE: GNRC) sure looked powerful on the stock exchange Tuesday. Oppressively hot weather in the southern U.S. is apparently driving up demand for its backup power solutions, a dynamic that should help the company's fundamentals accordingly. This pushed the company's share price up by nearly 9% on the day, crushing the less than 1.2% gain of the S&P 500 index.
In an article published shortly before market close on Monday and updated the following morning, Bloomberg wrote of the dynamic and how it affects Generac.
It liberally quoted company CEO Aaron Jagdfeld, who said bluntly that "We've seen a dramatic increase in the Texas region in sales leads for our generators and battery backup systems."
Source Fool.com
