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Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40%
Source: CNBC
Artificial IntelligenceInfrastructure & DefenseCompany Fundamentals
Amazon received warrants to acquire up to $340 million of Generac stock under a deal for backup power generators supporting Amazon data centers. The agreement provides Generac with a potentially meaningful hyperscaler customer relationship and aligns its power-equipment business with expanding data-center infrastructure demand.
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