Generac Holdings Inc. Stock Skyrockets 5.15% After Multi-Billion Dollar Amazon Deal

Generac Holdings Inc. (GNRC) has seen its stock surge by 5.15% after announcing a long-term agreement with Amazon to supply backup power generators for data centers.

The deal, which includes initial deliveries valued at $2.4 billion across 2027-2028 and total potential payments up to $8 billion, has sent shockwaves through the market.

As part of the agreement, Amazon received a warrant to buy up to 1.69 million GNRC shares at $200.93, tying its equity upside to future order flow.

Analysts have responded positively to the news, with multiple firms boosting their price targets and reiterating Overweight/Buy ratings on GNRC.