Climate Change Stocks: Will Generac's Earnings Power Past Expectations Again?

Generac Holdings (NYSE: GNRC), which makes backup power generators and other energy technology solutions, is slated to report its third-quarter 2021 results before the market open on Tuesday, Nov. 2. An analyst conference call is scheduled for 10 a.m. EDT on the same day.

Investors will probably be approaching the report with optimism. Last quarter, the company easily beat Wall Street's consensus estimates for both revenue and earnings.

Moreover, this year's busy hurricane season (which scientists are attributing to climate change) probably drove strong demand in the third quarter for standby generators and some other products Generac sells, such as energy storage solutions. Most notably, in late August, Ida slammed into Louisiana as a category 4 hurricane. In that state alone, it left more than 1 million homes and businesses without power, many for an extended period.

Source Fool.com