Generac shares surge following $2.4 billion supply deal with Amazon
Generac's stock surged over 19% on Thursday after the company announced a $2.4 billion supply agreement with Amazon, which includes warrants for up to 1.7 million Generac shares. The deal is expected to span two years and has drawn strong reactions from Wall Street analysts who have upgraded their ratings or raised price targets. Analysts at William Blair called it a 'massive win' for Generac, noting the agreement represents nearly half of its total revenue in 2025. Baird also gave an outperform rating with a $305 target, while Citi expressed caution about valuation concerns despite acknowledging the deal's size as positive. The transaction is seen as reinforcing confidence in private sector data center spending amid regulatory headwinds at local levels.
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