Why Generac Stock Soared Today
A long-term supply deal with an AI juggernaut has investors excited.
Overview
Shares of Generac (NYSE: GNRC) surged on Thursday after the generator maker entered into a lucrative partnership with Amazon.com (NASDAQ: AMZN).
Image source: Getty Images.
Amazon will buy up to $8 billion worth of Generac's backup power generators for its artificial intelligence (AI) data centers under a long-term supply agreement. Initial deliveries are projected to total $2.4 billion in 2027 and 2028.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.