Generac gains after KeyBanc upgrade on Amazon deal
08/10/2026 12:09
BUZZ-Generac gains after KeyBanc upgrade on Amazon deal ** Generac GNRC.N shares gain 1.2% to $224 premarket after KeyBanc upgrades the power equipment maker to overweight from sector weight
** Brokerage says GNRC's data center power deal with Amazon.com AMZN.O validates its position as a major generator supplier
** GNRC's management targets $3 bln-$3.2 bln in data center revenue by 2028 and remains confident in ramping up the supply chain- Brokerage
** KeyBanc also highlights management's disciplined approach to capital allocation after multiple portfolio divestitures
** Up to last close, GNRC up more than 62% YTD
(Reporting by Avinash P in Bengaluru)