00:00It's Benzinga bringing Wall Street to Main Street
00:02Generac shares soared more than 37% in extended trading Thursday,
00:06after the company announced a long-term supply agreement with Amazon for data center backup
00:10generators, according to Benzinga. The agreement covers up to $8 billion of generators for Amazon
00:15data centers. Initial deliveries are expected to total $2.4 billion in 2027 and 2028.
00:22The company has also entered into a transaction agreement that gives Amazon a warrant to acquire
00:27up to approximately 1.69 million Generac shares. The warrant carries an exercise price of approximately
00:33$200.93 per share. Generac shares were up 37.51% to $240.80 in after-hours trading Thursday,
00:43according to Benzinga Pro. For all things money, visit Benzinga.com.
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