5 Stocks That Will Benefit from Record Breaking Temperatures

In this article, we will look at 5 stocks that will benefit from record-breaking temperatures. If you want to find similar stocks, you can read 10 Stocks That Will Benefit from Record Breaking Temperatures.

5. Whirlpool Corporation (NYSE:WHR)

Number of Hedge Fund Holders: 33

Whirlpool Corporation (NYSE:WHR) manufactures and markets home appliances and related products which include refrigerators, freezers, ice makers, and HVAC systems. The company has operations in North America, Europe, the Middle East, Africa, Latin America, and Asia. On July 15, JPMorgan analyst Michael Rehaut lowered his price target on Whirlpool Corporation (NYSE:WHR) to $191 from $227 and reiterated a buy-side Overweight rating on the shares.

On July 25, Whirlpool Corporation (NYSE:WHR) released earnings for the fiscal second quarter of 2022. The company generated a revenue of $5.10 billion for the quarter and reported earnings per share of $5.97, ahead of Wall Street consensus by $0.68.

As of March 31, Greenhaven Associates owns over 2.83 million shares of Whirlpool Corporation (NYSE:WHR) and is the largest shareholder in the company. The fund’s stakes were valued at $489.59 million.

At the end of the first quarter of 2022, 33 hedge funds were eager on Whirlpool Corporation (NYSE:WHR) and held stakes worth $962.67 million in the company. This is compared to 28 positions in the previous quarter with stakes of $1.18 billion.