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These little-known stocks can see an uptick in demand when hurricanes strike

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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 frequency of extreme hurricanes seems to be becoming more regular," said Andrew Chanin, who has run the Procure Disaster Recovery Strategy ETF since it opened in June 2022. "To the extent that we should be expecting more intense hurricane seasons, that makes investors and makes individuals wonder if they're doing enough" to prepare. The ETF, with just $2.

mountain Procure Disaster Recovery Strategy ETF in 2023 Under the radar stocks like Houston-based Sterling Infrastructure and AtkinsRéalis , formerly SNC-Lavalin Group, a Canadian engineering and construction company, can benefit from these disasters. Both are among Chanin's biggest holdings, according to Morningstar. Shares of Sterling Infrastructure are up 125% in 2023 and are rising for a fifth straight year, bringing its market value to $2.3 billion.

 

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