BUZZ-KeyBanc upgrades Generac rating, boosted by Amazon deal, shares rise
路透社2026/10/08 11:16On October 8th, after KeyBanc upgraded the rating of power equipment manufacturer Generac (GNRC.N) from "sector weight" to "overweight," Generac's stock price rose 1.2% in pre-market trading to $224. The brokerage stated that GNRC's data center power supply agreement with Amazon.com (AMZN.O) validates its position as a leading generator supplier. According to the brokerage, GNRC's management plans to achieve $3 billion to $3.2 billion in data center revenue by 2028 and remains confident in boosting supply chain capacity. KeyBanc also highlighted that, following multiple divestitures of portfolio assets, management continues to maintain a disciplined approach to capital allocation. As of the previous trading day's close, GNRC’s cumulative year-to-date gains exceeded 62%.
October 8 - ** After KeyBanc upgraded the rating of this power equipment manufacturer from "Sector Weight" to "Overweight", Generac (GNRC.N) shares rose 1.2% to $224 in pre-market trading.
** The brokerage stated that GNRC's data center power supply agreement with Amazon.com (AMZN.O) (link) confirms its status as a leading generator supplier.
** According to the brokerage, GNRC management plans to achieve $3 billion to $3.2 billion in data center revenue by 2028, and remains confident in improving supply chain capacity.
** KeyBanc also emphasized that after divesting several portfolio assets, management continues to maintain a disciplined approach to capital allocation.
** As of the close of the previous trading day, GNRC's year-to-date gain exceeded 62%.
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