Generac Secures $2.4B Deal with Amazon for Backup Generators

Generac Holdings has secured a significant long-term supply agreement with Amazon for backup generators to be delivered over 2027-2028, valued at $2.4 billion.

The deal positions Amazon as Generac's second hyperscale customer and includes an equity warrant for approximately 1.69 million Generac shares, exercisable at $200.93.

Needham reiterated its Buy rating on the stock with a price target of $283, implying roughly 60% upside potential from the current market value of $175.11.