But behind the scenes, there are a host of companies that benefit from the cleanup and rebuilding that follows natural disasters.
This year's Atlantic hurricane season is running above average compared to prior years, with 14 storms, four hurricanes and three major hurricanes so far.
As climate change feeds extreme weather, the number of billion-dollar disasters also increases, benefiting some companies and hurting others.
In 2022, the U.S. experienced 18 weather and climate disasters which cost at least $1 billion each.
The fluid engineering and chemical processing has gained 30% this year, has a median rating of overweight and a price target implying 10% further upside, according to FactSet.
Persons:
Hurricane Lee, Andrew Chanin, Sterling, Chanin, FactSet .
Organizations:
Hurricane, Sterling Infrastructure, SNC, Lavalin, Morningstar, Bloomberg, Sulzer, Citigroup, Supply, Holdings
Locations:
New England, Canada, U.S, Houston, Canadian, United States, Swiss, FactSet . Great