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Generac Lands $2.4 Billion Deal with Amazon for Backup Generators

Guavy AI Editorial Team
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AMZN
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Generac Holdings has secured a long-term supply agreement worth $2.4 billion with Amazon for backup generators to be delivered in 2027 and 2028.

The deal positions Amazon as Generac's second hyperscale customer, following the company's Global Purchase Agreement with Amazon Data Services on June 24, 2026.

Needham reiterated its Buy rating and $283 price target on Generac Holdings, citing increased visibility for 2027 and 2028, as well as addressing concerns related to engine sourcing following an August 2026 Executive Order.

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