On October 2, Generac rose 5.09% in regular trading, trading at $218.44 per share, with turnover of approximately $177 million. The stock continues to be catalyzed by its landmark long-term supply agreement with Amazon for data center backup power generators.

Generac previously signed a long-term supply agreement with Amazon, with initial deliveries of backup generators for data centers expected to total approximately $2.4 billion in 2027 and 2028, and the overall agreement ceiling reaching up to $8 billion. As part of the transaction, Amazon received warrants to purchase up to approximately 1.69 million Generac shares at an exercise price of $200.93 per share, representing roughly 3% of outstanding shares. The deal underscores accelerating AI data center power infrastructure demand transitioning from narrative to actual orders.

Analyst sentiment remains broadly constructive. Stifel recently raised its price target to $290 maintaining a Buy rating, Northcoast Research lifted its target to $288, and Canaccord Genuity set a $375 target. The consensus average price target stands at approximately $294.53 with an overweight rating, suggesting continued upside from current levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)