Generac soars on $8 billion Amazon data center supply agreement

** Shares of power equipment maker Generac Holdings were up 34.77% at $236 after the bell.

** The company struck a deal with Amazon for backup power generators for Amazon data centers.

** Under the deal, Generac is providing Amazon a warrant to acquire up to 1.7 million shares of the company at an exercise price of $200.9266 per share.

** The warrant issuance is tied to a long-term backup power generator supply agreement for Amazon data centers, with shares vesting based on up to $8 billion in aggregate payments by Amazon.

** Initial deliveries under the agreement are expected to total $2.4 billion in 2027 and 2028.

** As of the last close, the stock was up 28.44% year to date.