Generac Lands $2.4 Billion Generator Deal With Amazon

Key Points Generac had previously disclosed a major deal with a hyperscaler; a regulatory filing on Wednesday made clear the customer is Amazon. Amazon received a warrant for up to 1.69 million shares of Generac stock. Initial deliveries will total $2.4 billion, and additional purchases could bring the deal's value to $8 billion. These 10 stocks could mint the next wave of millionaires › Generac Holdings' (NYSE:GNRC) stock is up 20% on Thursday following a regulatory filing indicating it signed a long-term agreement with Amazon (NASDAQ:AMZN) to supply backup generators for its data centers. According to the filing, Amazon.com NV Investment Holdings received a warrant to acquire up to 1.69 million shares of Generac stock at $200.93 per share.