Key Takeaways Shares of Generac Holdings, which makes home generators, jumped again as Hurricane Milton approaches Florida less than two weeks after Hurricane Helene inundated several South Atlantic U.

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

Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate , Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%.

Generac is seeing its stock price soar today by more than 8.54% as the hurricane Milton strikes. Hurricane Milton is a Category 5 tropical cyclone in the Gulf of Mexico that is ap