Generac Signs $2.4B Amazon Deal; Coreweave Begins Fundraising
Shares of Generac (GNRC) surged after the company announced a long-term supply agreement with Amazon, including initial deliveries worth $2.4 billion in backup generators for data centers by 2027 and 2028. The deal also includes warrants allowing an Amazon subsidiary to purchase Generac shares through 2033. CoreWeave (CRWV) is the most actively traded stock premarket as it initiates a fundraising round that involves issuing $3 billion in convertible bonds and enabling potential share sales via an at-the-market offering program. The move aims to provide financial flexibility and improve its credit profile toward investment grade. Lockheed Martin (LMT) shares also moved after the company reached a framework agreement with the Pentagon for a multi-year production contract related to the Joint Advanced Tactical Missile, which is nearing production.
Tickers: $AMZN $CRWV $GNRC $LMT