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Generac Stock Surges on $2.4B Amazon Deal as AI Power Thesis Reprices GNRC

Generac Stock Surges on $2.4B Amazon Deal as AI Power Thesis Reprices GNRC

TradingKey – Generac closed at $175.11 on September 16. That price is out of date for September 17 setups. On September 16 after the market closed Generac announced a long-term agreement to provide backup generators to Amazon’s data centers. Generac expects delivery of approximately $2.4 billion of generators to Amazon over the years 2027 and 2028. As of the time of this writing, Generac is trading at about 234-235 in extended/premarket indications, roughly 34% above the regular-session close. Before this announcement, the downside target on Generac was about $167.56. That old bearish $167.56 target is no longer the primary setup after the Amazon announcement and large gap higher.

Amazon Deal Is a Step-Change for the Data-Center Story

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