The generator maker sees a $17 billion global market for backup power tied to data centers.
Generac Holdings is up about 30% since announcing a long-term deal to supply Amazon data centers with generators.
Amazon struck a deal worth up to $8 billion with Generac for backup generators to power its AI data centers, underscoring how electricity supply has become a critical bottleneck in its AI buildout.
Generac Holdings Inc. (NYSE:GNRC) is gaining momentum in its efforts to evolve from a traditional generator manufacturer into a major power infrastructure supplier for the rapidly expanding data ...
Generac Holdings Inc. (NYSE: GNRC) rallied roughly 33% in premarket trading after disclosing a long-term supply agreement with Amazon.com Inc. (NASDAQ: AMZN) to provide backup power generators for ...