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Citi: Generac (GNRC.US) Secures Major Amazon Order; WEICHAI POWER Expected to Leverage
2026-09-18 14:34:21
Generac Holdlings Inc. (GNRC.US) reached a long-term supply agreement with Amazon to provide backup generators for Amazon data centers, Citi said in a research report. Initial deliveries were projected to total USD2.4 billion in 2027 and 2028 combined.

The development is viewed positively for WEICHAI POWER (02338.HK), as the company is a core supplier to GNRC and is forecast to capitalize on sustained growth in backlog orders. The broker estimated that related potential shipments in 2027/28 could contribute revenue of between USD478 million and USD1.075 billion.

Citi maintained a Buy rating on WEICHAI POWER with a TP of HKD50.
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