Generac Holdings (GNRC) shares jumped 18% after-hours following a long-term supply agreement with Amazon.com. Generac will provide backup power generators for Amazon data centers, with payments totaling up to $8 billion. Initial deliveries are expected to reach $2.4 billion across 2027 and 2028. As part of the deal, Generac issued a warrant to Amazon to acquire up to 1.69 million shares at $200.93 per share 🔗.
Generac stock surges 18% on $8B Amazon supply deal
STREETINSIDER.COMSep 16, 8:37 PM UTC
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