‘Decade of Darkness’ for California Spurring Generator Windfall

(Bloomberg) — A “decade of darkness” in California is offering a huge opportunity for the sale of generators that keep the lights on when the power grid goes down.That’s the view of Aaron Jagdfeld, chief executive officer of Generac Holdings Inc., the Wisconsin-based maker of generators. Jagdfeld cited a comment by PG&E Corp’s CEO last week that it could take ten years to shore up its grid enough to ratchet down the blackouts.The bottom line for Generac: $100 million to $200 million of annual revenue, perhaps as soon as 2022, Jagdfeld said in an interview in New York on Friday, …read more

Source:: Yahoo Finance


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