US 'Not Making Enough Houses,' Says Generac CEO

Generac shares are well off highs this year, dropping nearly 30% since mid August. Chairman, President, & CEO Aaron Jagdfeld, however, believes the biggest contribution to this ‘soft season’ is the general state of the housing market. Jagdfeld sees the company getting swept up in AI data center demand as a ‘counterweight’ for the lack of growth in the residential market. He joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Daily’ to discuss Generac’s outlook, rising energy costs in a depleted housing market, and the resiliency of the US power grid. (Source: Bloomberg)