Generac Soars 19% on $2.4 Billion Amazon Data Center Generator Deal
Updated
Updated · CNBC · Sep 17
Generac Soars 19% on $2.4 Billion Amazon Data Center Generator Deal
3 articles · Updated · CNBC · Sep 17
Summary
Generac jumped 19% in midday trading after landing an Amazon contract to supply backup generators for data centers, extending gains after the deal surfaced late Tuesday.
Initial deliveries are slated at $2.4 billion across 2027 and 2028, tying the order directly to Amazon’s expanding data center power needs.
Amazon also received the right to buy up to $340 million of Generac stock, while Amazon shares rose 1.3%.
The agreement adds to Amazon’s broader AI infrastructure buildout, where reliable backup power has become a critical constraint for new data center capacity.