Generac Holdings Shares Rise Following Q3 Earnings Beat and Record Data Center Backlog
Generac Holdings (GNRC) shares climbed 3.3% in premarket trading following the release of third-quarter financial results that exceeded analyst expectations. The company reported adjusted earnings per share of $2.54, driven by a significant surge in demand for backup power solutions within the data center sector and a recovery in residential sales. A key highlight from the report is the company's growing data center backlog, which has reached $4.5 billion. This massive order book underscores the increasing reliance on reliable power infrastructure to support the expanding digital economy and AI-driven data processing needs.
Tickers: $GNRC
Topics: data center power earnings beat generator demand residential sales