Milton Imperils $4 Billion of Florida Projects Under Construction

October 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Hurricane Milton made landfall along the west-central coast of Florida last night, around Tampa, as a Category 4 storm with maximum sustained winds of 145 miles per hour. It will traverse the panhandle and exit the east coast into the western Atlantic Ocean this afternoon, according to the National Hurricane Center (NHC).

Industrial Info is tracking more than $4 billion worth of projects under construction across central Florida, in the areas receiving the worst of Milton's wrath, the bulk of which are in the power-generation and warehousing sectors. It is not yet clear how any of these projects will be affected by the devastation.

Companies featured: NextEra Energy Incorporated (NYSE:NEE), First Solar Incorporated (NASDAQ:FSLR), Target Corporation (NYSE:TGT), Amazon.com Incorporated (NASDAQ:AMZN), United Natural Foods Incorporated (NYSE:UNFI) and The Coca-Cola Company (NYSE:KO).