Generac surges on record-setting Amazon data-center generator deal
+18.34% to $207.23 from $175.11
What moved GNRC
- Generac signed a long-term agreement to supply backup power generators to Amazon data centers, with potential payments of up to $8 billion and about $2.4 billion of initial deliveries expected in 2027-2028
- As part of the deal, Amazon received a warrant to purchase up to roughly 1.7 million Generac shares at an exercise price of about $200.93 each
- Generac shares surged more than 27% intraday, putting the stock on pace for its best single-session gain on record
Sources: Bloomberg · TipRanks · Schaeffer's Investment Research