Generac signs supply deal with data center operator for backup power
Get Alerts GNRC Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 28.9%
EPS Growth %: +21.2%
Join SI Premium – FREE
Generac Holdings Inc. (NYSE: GNRC) announced it has signed a global supply agreement with an unnamed hyperscale data center operator to provide backup power generators for the company's data center infrastructure.
The Wisconsin-based power equipment manufacturer said the agreement was awarded following a qualification process that included factory visits, performance reviews, and audits of Generac's vendor base.
"This agreement positions Generac at the heart of supporting essential services and the digital economy," said Aaron Jagdfeld, chairman, president and CEO of Generac. "The successful navigation of this approval process solidifies our position as a top-tier supplier of large megawatt backup power generators."
The company has made strategic investments to expand its Commercial & Industrial business and strengthen global capabilities. Recent initiatives include a collaboration with EPC Power for integrated energy solutions for data centers and the acquisition of Enercon, which adds generator enclosure and switchgear expertise.
Generac is expanding manufacturing and operational capacity at facilities in Beaver Dam, Oshkosh and Sussex, Wisconsin, as well as across regions including Asia-Pacific, Europe, the Middle East and Latin America.
The company, founded in 1959, designs and manufactures power generation equipment, energy storage systems and energy management devices for residential, commercial, data center, telecom, rental and industrial markets.
You May Also Be Interested In
- FDA approves Padcev plus Keytruda for muscle-invasive bladder cancer
- Nuveen Churchill closes $100M note offering, totaling $400M due 2030
- Haoxi Health plans $4M registered direct offering at $0.40 a share
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Stock Buyback, Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share