BUZZ-KeyBanc upgrades Generac rating, boosted by Amazon deal, shares rise

October 8 - ** After KeyBanc upgraded the rating of this power equipment manufacturer from "Sector Weight" to "Overweight", Generac (GNRC.N) shares rose 1.2% to $224 in pre-market trading.

** The brokerage stated that GNRC's data center power supply agreement with Amazon.com (AMZN.O) (link) confirms its status as a leading generator supplier.

** According to the brokerage, GNRC management plans to achieve $3 billion to $3.2 billion in data center revenue by 2028, and remains confident in improving supply chain capacity.

** KeyBanc also emphasized that after divesting several portfolio assets, management continues to maintain a disciplined approach to capital allocation.

** As of the close of the previous trading day, GNRC's year-to-date gain exceeded 62%.

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