Deliveries for the units are scheduled to commence between 2027 and 2028. To further align the partnership, Generac is providing Amazon with warrants to purchase up to 1.69 million shares at a price of $200.90 each. Under the terms of the agreement, 308,000 of these warrants vest immediately, while the remainder will be released in tranches linked to total payments made for the equipment.
In section Market Quotes
Amazon Secures $2.4 Billion Backup Power Deal with Generac
Amazon has finalized a $2.4 billion agreement to procure backup power generators from Generac, an investment aimed at fortifying the energy infrastructure supporting its massive data center operations. The deal, disclosed in a Wednesday SEC filing, signals a long-term commitment to maintaining service reliability as cloud demand continues to scale.
Investors responded sharply to the news, driving Generac shares up 36% to $238.88 during after-hours trading. This deal underscores the growing necessity for robust, independent power solutions as tech giants grapple with the intensifying energy requirements of modern data architecture.
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