Canaccord lifts Generac by $100 target; Amazon deal cited
Generac surged in premarket after reporting a long-term supply agreement with Amazon for backup generators at data centers. Canaccord raised its Generac price target by $100 and said the Amazon deal could unlock up to $8B in orders, per TheFly.
Generac Holdings Inc (GNRC) stock rose in premarket trading Thursday after investors weighed a new long-term supply agreement with Amazon (AMZN) for backup generators at data centers. Canaccord also lifted its price target on the power-equipment maker by $100, according to TheFly.