Generac lands $2.4 billion Amazon supply deal, stock surges on buyback option

Generac $GNRC secured a long-term supply agreement with Amazon $AMZN valued at $2.4 billion for backup power generators, with Amazon acquiring an option to purchase a stake in the company. The deal sparked a 40%-plus rally in Generac shares as investors viewed it as validation of surging demand from cloud and AI infrastructure expansions.

Barclays confirmed its rating on Generac following the Amazon contract, citing the company's strong positioning in the data center power supply market amid accelerating tech capex investments.

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