Stifel Boosts Generac Price Target Amid Amazon Deal and Data Center Growth
Stifel has increased its price target for Generac Holdings ( ticker not provided) to $290, citing the company's recent Amazon deal and data center growth. This comes as the stock currently trades at $212.22, up 55.6% year-to-date.
The firm also raised its 2027 adjusted EBITDA forecast for Generac to $1,174 million from $1,150 million, reflecting a higher commercial and industrial revenue forecast. The revision follows the company's recent Amazon award and accelerating data center capacity expansion plans.
Generac received $2.4 billion in initial Amazon orders on top of roughly $1.6 billion in data center backlog exiting the second quarter of 2026. The company plans to triple data center capacity to $3.75 billion per year by the second half of 2027.