Power equipment maker Generac raises annual sales forecast on growing data center backlog

Generac raised its annual sales growth forecast after posting better-than-expected first-quarter earnings, driven by solid demand for backup generators and a growing backlog from data center customers. The update points to improved fundamentals and stronger forward visibility, with data center demand providing an additional growth tailwind.

Analysis

Generac raised its annual sales growth forecast after posting better-than-expected first-quarter earnings, driven by solid demand for backup generators and a growing backlog from data center customers. The update points to improved fundamentals and stronger forward visibility, with data center demand providing an additional growth tailwind.