These 5 Stocks Could See Gains From Climate Change And Severe Weather Patterns

Author: Aaron Bry | February 28, 2023 05:09pm

If you go to Southern California you’re probably planning to see some beaches, check out the Hollywood sign and maybe even run into a few celebrities. But in 2023, you may run into a surprise: snow. 

Severe weather patterns have ripped through the United States the past few months. In fact, earlier in February, the wind chill in New Hampshire reached -108 degrees Fahrenheit, the coldest recorded temperature in U.S. history according to USA Today. 

Many scientists believe that weather patterns will only get more severe as climate change intensifies. Here are five companies that could benefit from these severe weather patterns: 

Generac Holdings Inc (NYSE:GNRC) makes backup generators for both residential homes and businesses for when storms wipe out power. The stock was a pandemic favorite, climbing higher than $500 a share. Currently, the stock is trading $121.50 a share, but could benefit if storms continue to knock out people’s power at their homes. 

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Home Depot Inc (NYSE:HD) Home Depot is one of the country’s largest home improvement chains. When storms like tornados and hurricanes rip through a town, Home Depot is a go-to spot for repair materials like roofing shingles, drywall, tiles and more. 

Lowe’s Companies Inc (NYSE:LOW) Similar to Home Depot, Lowe’s carries home improvement materials and could catch a tailwind if severe weather conditions continue to sweep through the country. 

Taylor Devices Inc (NASDAQ:TAYD) is a niche company that produces shock absorbers for buildings. The seismic dampeners help buildings and other structures stay upright during turbulent weather events and earthquakes. Unlike the other names on this list, Taylor Devices is more focused on preventative measures rather than after-the-fact cleanup. 

Arch Capital Group (NASDAQ:ACGL) is a major insurance company, that underwrites policies on a worldwide basis. The company has a core focus on casualty coverage and loss prevention, making it a good play for natural disasters and extreme weather.

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Posted In: ACGL GNRC HD LOW TAYD