BullishMEDIUM severityTech & AI2h ago

Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40%

Reported by CNBC · cnbc.com ·

Amazon was granted warrants to buy up to $340 million worth of Generac stock as part of a deal to supply backup power generators for its data centers.

Story context

What to watch: Amazon.com Inc. (AMZN) is involved in M&A activity valued around 40% — deal terms and financing structure matter more than the headline here.

Amount
$340 million
Change
40%

Latest session change: $AMZN -0.21%

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