Generac Stocks Soar on Amazon Deal
Generac Holdings Inc.'s stock surged after it announced an agreement with Amazon. The company, which specializes in power generation and storage solutions, will supply its products to Amazon's e-commerce platform.
The deal is significant for Generac as it expands its reach into the residential market and increases its exposure to the growing demand for backup power solutions. Generac's stock price rose by over 5% after the announcement.