Generac Soars on Amazon Supply Deal Worth Up to $8 Billion

Generac Holdings (GNRC) shares have surged by 42.2% today following an announcement of a long-term supply agreement with Amazon for backup generators serving data centers.

The deal, announced on September 16, includes the issuance of warrants that can be exercised for up to 1,693,745 shares at $200.9266 per share.

Under the terms of the agreement, initial deliveries are expected to total $2.4 billion in 2027 and 2028, providing investors with a clearer view of future commercial demand.