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Wajeeh Khan

A $2.4 Billion Reason Why Generac Stock Is Up Today

Generac GNRC Amazon Jefferies Amazon.com Inc. Generac Holdings

Generac Holdings (GNRC) shares ripped higher on Sept. 17 after management announced a multi-billion-dollar commercial partnership with Amazon (AMZN). In its press release, GNRC said its pivotal supply agreement with the cloud and e-commerce giant is designed to furnish backup power solutions for its expanding data center footprint.

The AMZN news brings much-needed reprieve to Generac stock that was otherwise down roughly 40% versus its year-to-date high in late June.

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