Amazon's Power Play: What Does This Mean for Generac and Music? Amazon's acquisition of warrants to purchase up to $340 million worth of Generac stock has sent shockwaves through the tech world.
The company's shares surged over 40% in extended trading, making this one of the largest infrastructure deals in recent memory.
The deal grants Amazon the right to purchase equipment from Generac, a leading provider of backup power generators, to supply its data centers with reliable power sources.