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Business · 1 hour ago
Amazon has secured warrants to buy up to $340 million of Generac stock, causing the backup power supplier's shares to jump over 40% on Wednesday. Amazon's data centres are to receive backup power generators from Generac, with initial deliveries in 2027 and 2028 projected to be valued at $2.4 billion. The warrants are equal to almost 3% of Generac's outstanding shares.
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