Generac experienced a remarkable 33% increase in its stock price after securing a deal with Amazon to supply backup power generators for its data centers, with initial deliveries projected to reach $2.4 billion between 2027 and 2028. Additionally, Generac has granted Amazon the option to purchase up to $340 million in its stock, further solidifying their partnership.
In contrast, Lennar's shares fell 1.2% after the homebuilder reported third-quarter earnings of $1.19 per share, which fell short of the $1.28 expected by analysts, and revenue of $8.05 billion, below the consensus estimate of $8.23 billion.
Fluence Energy's shares plummeted 22% after the company revised its full-year revenue guidance down to $2.4 billion for 2026, significantly lower than the previous estimate of $2.9 billion to $3.1 billion, and projected a loss of $200 million before interest, taxes, depreciation, and amortization.
Meanwhile, Nike's stock rose 1.5% following the announcement of Alexandre Arnault, Deputy CEO of LVMH's Moët Hennessy, joining its board, which the company believes will help it navigate a complex marketplace. Lastly, Arm Holdings saw a 4% increase in shares as CEO Rene Haas expressed confidence in meeting demand for its new data center chip