Generac Stock Skyrockets on Amazon Deal Worth Up to $8 Billion

Generac Holdings Inc. (NYSE:GNRC) shares surged by about 33% during Thursday's premarket session as investors reacted to a data-center supply agreement with Amazon.com, Inc. (NASDAQ:AMZN).

The deal involves Generac issuing Amazon warrants to purchase up to 1.69 million Generac shares at around $200.93 per share.

This represents a potential investment of as much as $8 billion, with the agreement including a long-term supply contract worth $2.4 billion in 2027 and 2028.