Click to Enlarge Generac (NYSE:GNRC) makes generators for residential, commercial and industrial use. With major storms and widespread power outages becoming more common, homeowners and businesses aren’t waiting for the lights to go out anymore.
They’re buying generators now.
That helped propel Generac to record first-quarter results. Net income jumped to $50.7 million from $30.1 million in the year-ago period on a 36% sales increase.
Generac’s stock rose 35% during the 2012 Atlantic storm season vs. an 11% gain for the S&P 500 — all thanks to Hurricane Sandy.