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Generac Stock Soars on $8B Deal to Sell Amazon Generators to Power Data Centers
With Thursday’s rally, Generac shares are up more than 60% since the start of the year.Credit: Smith Collection / Gado / Getty ImagesKey TakeawaysGenerac shares jumped Thursday after the company announced an $8 billion deal with Amazon.The deal will see Generac’s generators provide backup power for Amazon’s growing network of data centers. Shares of Generac are surging after the energy hardware maker announced a multi-billion dollar deal with Amazon.Generac (GNRC) shares were up over 25% in recent trading after the company said that it has agreed to sell Amazon (AMZN) up to $8 billion worth…
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