Generac Lands Amazon Data Center Deal: $2.4B Initial Orders, Warrant for 1.69M Shares
GNRC sits 30% above its 52-week low of $134.8.
Summary
Generac signed a long-term supply agreement with Amazon for data center backup generators, with initial orders expected to total $2.4 billion in 2027-2028. Amazon received a warrant for up to 1.69 million shares at $200.93, vesting as Amazon pays Generac up to $8 billion.
Key Events · M&A and Partnerships · GNRC
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Amazon Supply Agreement Signed
A long-term supply agreement with Amazon for backup power generators for its data centers has been signed, with initial deliveries expected to total $2.4 billion in 2027 and 2028.
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Warrant Issued to Amazon
Amazon received a warrant to acquire up to 1,693,745 shares at $200.9266 per share, with 307,954 shares vesting immediately and the remainder vesting in tranches tied to up to $8 billion in aggregate payments from Amazon.
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Warrant Terms and Dilution
The warrant expires September 16, 2033, and includes anti-dilution adjustments, cash or cashless exercise options, and registration rights. Full exercise would represent approximately 2.57% of outstanding shares on a fully diluted basis.
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Revenue Visibility Extended
The $2.4 billion in initial orders for 2027-2028 provides substantial multi-year revenue visibility, building on Generac's strong Q2 2026 results driven by data center demand.
Analysis · GNRC · Manufacturing
Securing Amazon as a major customer for data center backup power generators is a transformative win for Generac. Initial deliveries are expected to total $2.4 billion in 2027 and 2028. In exchange, Amazon received a warrant to buy up to 1,693,745 shares at $200.93 per share — above today's $175.11 price — with 307,954 shares vesting immediately and the rest tied to Amazon paying Generac up to $8 billion over time. This commercial relationship validates Generac's data center strategy and locks in a massive revenue stream, while the warrant creates modest future dilution only if Amazon actually exercises it.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 40.2% of the 383 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.55%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GNRC was trading at $175.11 on NYSE in the Manufacturing sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $134.80 to $296.44. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.