Generac Lands Massive Deal With Amazon Worth $2.4 Billion

Generac Holdings Inc. (GNRC) has entered into a significant long-term supply agreement with Amazon (AMZN), strengthening its position in the rapidly expanding data center infrastructure market.

The deal, which was disclosed in a regulatory filing, will see Generac supply backup power generators to Amazon's data centers, with initial deliveries expected to total $2.4 billion across 2027 and 2028.

Generac also issued Amazon.com NV Investment Holdings LLC a warrant to acquire up to 1,693,745 shares of its common stock at an exercise price of $200.9266 per share.

The agreement adds considerable scale and visibility to Generac's data center business, which is fast emerging as the company's key growth engine.