Generac shares jump on long-term Amazon data center generator deal
Generac Holdings (GNRC) shares rose more than 30% before the opening bell Thursday after it secured a long-term agreement to supply backup generators for Amazon (AMZN) data centers, with initial deliveries expected to total about $2.4 billion in 2027 and 2028.
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12:11:18 PM UTC
SquawkNews
Generac Holdings Inc. NYSE:GNRC rose 33.70% premarket after disclosing a long-term supply agreement with Amazon.com Inc. NASDAQ:AMZN alongside a warrant issued to an Amazon subsidiary for up to 1,693,745 shares at $200.9266. Amazon rose 1.14%. Initial generator deliveries for Amazon data centers ar…
Generac Holdings (GNRC) shares surged more than 30% before the opening bell Thursday after the power equipment maker secured a long-term agreement to supply backup generators for Amazon (AMZN) data centers. 4 billion in 2027 and 2028, while total pu…