Why is Generac stock surging today?

Generac surged 33% after a $2.4B Amazon deal. Lennar fell 1.2% on weak Q3 earnings. Fluence Energy dropped 22% after cutting 2026 revenue guidance. Nike rose 1.5% with a new board member. Arm Holdings gained 4% on CEO's demand confidence.

Stock futures rose early Thursday after the Fed's first rate hike in three years. Dow futures gained 0.64%, S&P 500 0.61%, and Nasdaq-100 0.71%. Generac surged 30% in extended trading after Amazon received warrants to buy up to $340M of its shares. The Fed raised rates to 3.75%-4%, with inflation at 3.4% in August.

Generac (GNRC) stock rose 34% premarket after a long-term supply deal with Amazon (AMZN) for backup generators. Canaccord raised its price target to $375, citing up to $8B in potential orders, with $2.4B expected in 2027-2028. Cantor Fitzgerald also maintained an 'Overweight' rating.

Generac Holdings (GNRC) shares rose 40% after-hours following an $8B deal with Amazon (AMZN) to supply backup power generators for data centers. The agreement includes a warrant for Amazon to acquire up to 1.69M GNRC shares. Initial deliveries are expected to total $2.4B in 2027-2028.

Generac Holdings Inc. (NYSE:GNRC) shares surged 34.8% to $235.90 in pre-market trading after announcing an $8 billion supply agreement with Amazon.com Inc. (NASDAQ:AMZN) for data center backup generators. Initial deliveries are valued at $2.4 billion for 2027 and 2028.

Generac (GNRC) stock rose 34% after Amazon agreed to a $2.4B generator supply deal, with potential payments reaching $8B. Amazon can acquire up to 3% of Generac's shares via warrants. The deal boosts revenue visibility but introduces dilution and customer concentration risks. Analysts see strong data-center growth but warn of execution and market dependency challenges.