Generac Suffers Growing Backup Power Demand - AI Beneficiary At Hefty Price (NYSE:GNRC)
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Generac is experiencing increased demand for backup power, reportedly benefiting from the growth of artificial intelligence infrastructure. The company has signed a global supply deal with a hyperscale data center operator. Generac's shares have risen, with some analysts upgrading their rating to a buy, citing the company's potential to benefit from the AI infrastructure boom.