Article
Generac Surges Most On Record As Amazon's Generator Deal Electrifies Data Centers
Generac Surges Most On Record As Amazon's Generator Deal Electrifies Data Centers
Generac shares surged the most on record in premarket trading in New York after disclosing a long-term deal with Amazon that could generate up to $8 billion in power-generation spending.
Wells Fargo analyst Praneeth Satish, who covers Generac, shared his initial thoughts on the massive Amazon-Generac power deal in a note:
GNRC Announces Multibillion Dollar Contract With AMZN. GNRC announced a multi year agreement to supply backup generators for Amazon's data centers and issued warrants to AMZN, allowing for the purchase...
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