Generator manufacturer Generac (GNRC) could stand to benefit from a hurricane season experts expect to be incredibly volatile compared to a 30-year average. Generac stock is up nearly 33% over the past 12 months and is currently outpacing the S&P 500 (^GSPC) year-over-year.
Generac CEO Aaron Jagdfeld sits down with Yahoo Finance in-studio to discuss how the company is adapting to rising energy demands from the US power grid, especially as AI adoption and EV charging are predicted to place exponential strains on the grid.
"Grid operators really have a significant challenge ahead of them in terms of balancing supply and demand. What we know in our business and watching this kind of play out over the last several decades is that reliability is on a downward trend," Jagdfeld says. "People are experiencing more outages, and so our core business of providing backup power with generators or batteries has really been on a tear."
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