Generac just landed a massive deal with Amazon, marking a major step into the booming data center power market.
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AI power stocks rally after Generac's deal for Amazon data centers
The generator maker sees a $17 billion global market for backup power tied to data centers.
Generac already had $1.6 billion of data-center orders waiting to be delivered at the end of Q2. Amazon's deal adds another major customer to that growing business, giving Generac another potential ...
Reuters reports that initial deliveries of the gen sets will total approximately $2.4 billion over the next two years. In the longer term, the company said it expects to provide up to $8bn worth of ...
Generac Holdings (NYSE:GNRC) shares rose 18% in after-hours trading following the announcement of a long-term supply agreement with Amazon.com to provide backup power generators for Amazon data ...
"At Generac, we're constantly looking for new and innovative ways to make life a little easier," said Kyle Raabe, executive vice president of Consumer Power at Generac. "By integrating our Generac ...
As part of the deal, Generac issued a warrant to Amazon.com NV Investment Holdings to acquire up to 1.69 million shares of the generator maker's stock at $200.93 per share. About 307,954 shares vested ...
Amazon just handed Generac a contract that sent shares surging, but buried inside the deal is a warrant arrangement that could let the customer claw back the very gains it created. Here is what the ...
TORONTO--(BUSINESS WIRE)--ecobee, together with parent company Generac Power Systems, Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power ...
More than 350,000 backup portable power generators sold across the U.S. and Canada are being recalled after eight injuries, including seven finger amputations and one digit getting crushed, according ...
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