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Generator stock Generac heads for best week since November amid heat wave, looming storm threats

1. Generac shares rise nearly 12% amid hurricane season. 2. Heat wave causes power outages in states like New York and Illinois. 3. Hurricane season predicted to be above normal with multiple major storms. 4. Power grid stress expected to increase due to climate change. 5. Bank of America forecasts electrical load growth of 2.5% CAGR.

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FAQ

Why Bullish?

Generac's rising share price is supported by current extreme weather conditions and demand.

How important is it?

Current weather conditions and seasonal events are directly boosting demand for Generac's products.

Why Short Term?

Immediate increases in demand for generators are expected during hurricane season.

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