Generac Soars 19% on $8B Amazon Data Center Backup Power Deal
GNRC sits 55% above its 52-week low of $134.8 on elevated volume (5.2× avg).
Summary
Generac signed a long-term supply agreement with Amazon to provide industrial backup generators for Amazon's global data centers. Initial deliveries total $2.4 billion across 2027 and 2028, with purchases potentially reaching $8 billion over the life of the deal. Amazon received a warrant to buy up to 1.69 million Generac shares at $200.9266, with about 307,954 shares vesting immediately. The stock jumped 19.1% to $208.48, after an opening spike of 27.8%, marking its best session ever. This deal reprices Generac from a hurricane-season consumer name into AI infrastructure, as backup power has become a binding constraint on data center buildouts. The agreement follows Generac's strong Q2 results, where adjusted EPS of $2.91 crushed the $2.01 consensus, driven by data center demand. Amazon is the secondary ticker here, as the customer locking up capacity.
At the time of this announcement, GNRC was trading at $208.71 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $12.3B. The 52-week trading range was $134.80 to $296.44. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Benzinga.