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

Newseze Wire·Wed, Sep 16, 9:18 PMWire: CNBC Top News
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Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40%

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.

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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. The story falls into Newseze's economy desk and is being actively tracked by our editorial team. Calm framing, primary-source references, and respectful tone — every Newseze story is scored for drama and conspiracy before it reaches you. Worth knowing: Newseze refreshes its newsroom every hour and flags fast-moving local and breaking news as it develops. Watch this page for updates. Reporting: CNBC Top News.
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