Generac Signs Large-Scale Data Center Power Equipment Supply Contract with Amazon
GNRC Generac Holdings Inc
$218.37 -2.92%
View chart & analysis → - 1Generac announced a multi-year contract with Amazon to supply large-scale backup generators and power hardware.
- 2Amazon will pay Generac $2.4 billion for equipment deliveries over the next two years.
- 3Generac granted Amazon warrants to purchase up to 1.69 million shares of common stock, representing less than 3% of total shares outstanding.
So what's the key point?
Generac has agreed to sell a large amount of power supply equipment to Amazon. The company expects significant revenue from this $2.4 billion contract.
Source The Motley Fool +1 · View original ↗
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