Generac Runs Low on Portable Generators After Storms (3)

Generac Holdings Inc. is running low on portable backup generators after Hurricane Helene and other recent storms knocked out power for millions of Americans.

Many of the company’s portable products sold out after Helene tore through the US Southeast, Generac Chief Executive Officer Aaron Jagdfeld said.

“The more outages that are occurring and the more they are happening, then the more interest grows in our product,” Jagdfeld said during an interview.

The company’s stock hit a 52-week high Monday as investors bet the company will see a big boost in sales for its backup power systems from multiple hurricane strikes ...