Amazon to order $8 billion of data center generators from Generac — shares jump by a third
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
The SI boom is reshaping even the industry of "hardware around the hardware" — data centers need so much power and backup that generator makers are becoming players in the SI market.
The long-term contract provides for deliveries of backup generators for Amazon's data centers worth up to $8 billion, of which $2.4 billion is in 2027–2028. Amazon receives a warrant to buy up to 1.69 million Generac shares at about $200.93, most of which vest as payments are made. The manufacturer's shares soared 32% at the peak, the biggest intraday gain in 14 years.
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