Amazon Buys Almost 60% Of A Year's Worth Of Generac Revenue
Generac Holdings (GNRC) has seen significant attention from Amazon (AMZN), which recently added a substantial portion of its revenue to the company's stock.
A recent move by Amazon has seen the e-commerce giant add nearly 57% of a year's worth of Generac's total revenue, according to an analyst's report. The addition is attributed to Amazon's purchase of Generac's products, which could indicate increased demand for the company's offerings.
The exact figure comes from Generac's total annual revenue of approximately $2.4 billion, with Amazon adding around 57% of that amount. This significant increase in revenue may have contributed to the recent surge in Generac's stock price.