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Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40%
Amazon was granted warrants to buy up to $340 million worth of Generac stock as part of a deal to supply backup power generators for its data centers.
First deliveries of Generac’s backup power generators are worth $2.4 billion.
Generac already had $1.6 billion of data-center orders waiting to be delivered at the end of Q2. Amazon's deal adds another ...
Shares of power generation products company Generac (NYSE:GNRC) jumped 18.4% in the afternoon session after the company reached an agreement valued at up to $8 billion to supply Amazon with data ...
Generac will provide crucial backup power to Amazon's data centers. Amazon could invest as much as $340 million in Generac.
Shares of backup-power company Generac (GNRC) soared following its supply agreement with tech titan Amazon (AMZN). Initially ...
Generac gets a Buy rating after a major Amazon supply deal, boosting data center growth and visibility. Click for more on ...
Generac's stock soars more than 30% after Amazon deal cements company's status as an AI power player
The deal with Amazon is a big step for Generac, a $10 billion company whose residential generators are ubiquitous in big-box stores. Shares of Generac Holdings skyrocketed after the maker of ...
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