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Amazon Deal Powers Generac Stock Surge

Guavy AI Editorial Team
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AMZN
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Generac Holdings Inc (NYSE:GNRC) shares are surging in after-hours trading on Thursday following an announcement about a major deal with Amazon.com Inc (NASDAQ:AMZN).

The company has entered into a long-term supply agreement with Amazon for backup power generators, which could be worth up to $8 billion. Initial generator deliveries are expected to total $2.4 billion in 2027 and 2028.

Gnrc will also issue Amazon a warrant to acquire approximately 1.69 million shares of common stock at an exercise price of around $200.93.

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