- Generac's stock soared more than 30% after the company announced a deal with Amazon for backup power generators.
- First deliveries of Generac's backup power generators under the deal are worth $2.4 billion.
- The deal cements Generac's status as an AI-power player tied to data center electricity demand.
Quotes
“First deliveries of Generac's backup power generators are worth $2.4 billion.”