Generac Stock Skyrockets on $2.4B Amazon Data Center Deal

Generac Holdings' stock price surged approximately 40% in after-hours trading Thursday following a long-term supply agreement with Amazon for backup generators. The deal is worth $2.4 billion in deliveries over two years, from 2027 to 2028.

The company's shares jumped as the market capitalization of Generac Holdings sits at $10.33 billion. According to InvestingPro analysis, this puts it below its Fair Value, making it an undervalued opportunity in the industrial sector.

Generac had about $1.35 billion of data center backlog scheduled for 2027, excluding the Amazon agreement. The company now aims to deliver approximately $4 billion of identified data-center volume through 2028.