The freak Halloween weekend snowstorm left a lot of people in the cold and dark, but was a hot opportunity for generator-maker Generac Power Systems, its chief executive told CNBC Tuesday.
"We’ve been benefiting from the age of the [nation's power] grid, the underinvestment in the grid. That’s the macrothesis for our business. We’re a generator manufacturer," said CEO Aaron Jagdfeld.
It wasn't just the snowstorm — if such a thing can be said, Hurricane Irene was a great opportunity for the Wisconsin-based company.
"Outages happen for any number of reasons. Certainly the weather that’s gone on here in the third quarter and the snowstorm are just exacerbating the already fragile grid," Jagdfeld said.