Companies that make electrical parts and gear — motors, cables, switches and control panels — that power machines, buildings and the grid.
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Fluence Energy Cuts Fiscal 2026 Revenue Guidance to $2.4 Billion on Houston Manufacturing Delays
Fluence Energy has lowered its fiscal 2026 financial guidance, citing persistent supply-chain challenges affecting U.S. production. The company now expects fiscal 2026 revenues of approximately $2.4 billion, down from the previous guidance midpoint of about $3 billion, and below the Zacks Consensus Estimate of $2.95 billion. Fluence Energy also projects an adjusted EBITDA loss of nearly $200 million, substantially wider than its earlier forecast midpoint of a loss of around $10 million. The company said demand remains strong in both domestic and international markets and its international supply chain continues to operate effectively, but delays in ramping up production at its contract manufacturing facility in Houston have constrained its ability to convert demand into completed deliveries and revenues. Fluence Energy is restructuring its operational organization and improving coordination across supply-chain planning, manufacturing and product delivery, while its contract manufacturing partner has implemented corrective measures that have already contributed to higher daily production levels. The company aims to achieve neutral to positive operating cash flow in fiscal 2027 and is expected to report a detailed fiscal 2027 business plan and updated financial outlook when it releases fiscal 2026 results later this year.
Xenon plunges 24% on trial pause; Netflix downgraded by Wells Fargo
Xenon Pharmaceuticals plunged 24% in premarket trading after submitting a New Drug Application to the U.S. Food and Drug Administration for azetukalner as a treatment for focal seizures in epilepsy while voluntarily pausing new patient enrollment in ongoing Phase 3 trials for major depressive disorder and bipolar depression. Netflix slipped 2.1% after Wells Fargo downgraded the streaming giant to Underweight from Equal Weight and cut its price target to $57 from $80, citing weakening engagement trends. Array Technologies fell 3.1% to $4.11 after UBS downgraded the solar tracking company to Neutral from Buy and cut its price target to $5 from $10, pointing to a shift from payment-in-kind to cash payments on preferred dividend obligations that UBS estimates will total roughly $162 million in cumulative cash payments through 2030. Steel Dynamics dropped 3.4% after guiding third-quarter 2026 earnings to $5.34 to $5.38 per diluted share, below the analyst consensus of $5.60. Frontline fell 6% as the tanker company went ex-dividend for a combined payout of $3.41 per share, made up of a regular second-quarter dividend of $2.61 and a special dividend of $0.80 funded by the sale of two very large crude carriers.
Generac Secures Amazon Backup Power Deal Worth $2.4 Billion
Generac Holdings has secured a major long-term supply agreement with Amazon to provide backup power generators for Amazon data centers, sending its shares up 18.3% to close at $207.23. In a regulatory filing, Generac disclosed that initial deliveries are expected to total $2.4 billion across 2027 and 2028, and it issued Amazon.com NV Investment Holdings LLC a warrant to acquire up to 1,693,745 shares of common stock at an exercise price of $200.9266 per share. Of the total warrant shares, 307,954 vested immediately, while the remainder will vest in tranches contingent on aggregate gross payments, net of certain offsets, received by Generac and its affiliates from Amazon and its affiliates for backup power generators, extending up to a total of $8 billion of qualifying payments. The agreement adds scale and visibility to a data center business that is emerging as Generac's key growth engine, after the company generated more than $100 million of data center revenues in the second quarter and reported a data center backlog of $1.6 billion as of July 2026, including roughly $1 billion of new orders in the prior 90 days. Management also raised its 2026 data center revenue expectation to roughly $450 million, and Generac is expected to post quarterly earnings of $2.40 per share on revenues of $1.32 billion in its upcoming report.
Generac to Supply Amazon Data Centers With Up to US$8.00 Billion in Backup Generators
Generac Holdings announced a long-term agreement to supply Amazon with industrial backup generators for its global data centers, with initial deliveries of about US$2.40 billion in 2027–2028 and total potential purchases up to US$8.00 billion. The deal also includes purchase-linked warrants for Amazon to buy Generac shares, tying the two companies together through equity incentives. The arrangement locks in critical power resilience for Amazon's expanding AI and cloud infrastructure, though it does not change the near-term catalyst of AWS execution or the risk around rising capital intensity and debt-funded infrastructure. Amazon's narrative projects US$1152.4 billion in revenue and US$158.3 billion in earnings by 2029, requiring 14.1% yearly revenue growth and a US$23.0 billion earnings increase from US$135.3 billion today, with a fair value estimate of US$327.00 implying 30% upside.
Generac Soars 18.3% on Up to $8B Amazon Data Center Generator Deal
Generac agreed to supply as much as $8B worth of backup-power generators for Amazon's data centers and issued warrants allowing Amazon to buy Generac shares through 2033, sending the stock up as much as 32% before it closed Thursday with an 18.3% gain at the top of the S&P 500 leaderboard. The initial $2.4B delivery commitment represents a substantial order for Generac, and the potential for payments reaching $8B suggests the relationship could extend well beyond the first phase if Amazon continues expanding its data center network. William Blair analyst Brian Drab called the deal a massive win that provides clarity on the demand underpinning management's recently announced plan to triple manufacturing capacity for large-format generators by August 2027, adding that the stock could double in price over the next 12 to 18 months. Cantor Fitzgerald's Manish Somalya said the Amazon delivery schedule provides the first tangible evidence of demand extending into 2028 and is materially larger than the opportunity investors could previously quantify for Hyperscaler 2. Canaccord Genuity analyst George Gianarikas reiterated his Buy rating and raised his stock price target to $375 from $275, writing that Generac's residential rebound could collide with an accelerating data center surge.
Sunrun Raises $100 Million in Private Placement of Convertible Preferred Shares and Warrants
Sunrun has arranged a private placement of convertible preferred shares and warrants to raise US$100 million from a single investor under Regulation D, without paying sales commissions or finder fees. The funding move lands after a volatile stretch for the company, with the share price up 5.5% over the last day yet still down 55.1% year to date and the 1 year total shareholder return falling 46.5%. Sunrun is rapidly scaling its storage and grid services offerings, enrolling a growing portion of its customer base, currently approximately 35% of 200,000 batteries, and aiming for 10 GWh of dispatchable energy by 2029. The most followed narrative pins fair value at $17.05 against a last close of $8.73, implying the stock is 49% undervalued, though the bullish case frays if tax credits fade faster than expected or tight credit markets restrict access to low-cost funding.
Fujikura raises fiscal 2027 operating profit forecast from 211 billion yen to 432 billion yen
Fujikura has sharply raised its full-year forecast for the fiscal year ending March 2027, more than doubling its operating profit projection from 211 billion yen to 432 billion yen. Net sales are expected to rise 48.4% to 1.755 trillion yen, ordinary profit to increase 127.1% to 453 billion yen, and net profit to grow 107.4% to 326 billion yen. The upgrade follows first-quarter operating profit for the fiscal year ending March 2027 of 104.8 billion yen, which exceeded half of the previous full year's 188.7 billion yen, with progress at the first-quarter mark standing at 24.3% for operating profit, 22.9% for net sales, and 24.7% for net profit, all on track with the plan. For the fiscal year ended March 2026, consolidated net sales rose 20.7% year on year to 1.1823 trillion yen, operating profit climbed 39.2% to 188.7 billion yen, and net profit jumped 72.5% to 157.1 billion yen, with the information and communications business generating 653 billion yen in net sales and 152.7 billion yen in operating profit on growing data center demand, accounting for more than 80% of consolidated operating profit. Forecast net profit per share is 196.88 yen, and the planned dividend is 38 yen per share.
Generac Jumps 18.4% on Up to $8 Billion Amazon Backup-Power Deal
Generac reached an agreement valued at up to $8 billion to supply Amazon with data center backup-power generators, sending its shares up 18.4% in the afternoon session. Under the supply agreement, Generac will provide Amazon with data center backup generators worth at least $2.4 billion for initial delivery in 2027 and 2028, according to MorningStar. The deal also grants an Amazon subsidiary warrants to purchase up to 1.69 million Generac shares at an exercise price of $200.93 each through 2033, with the warrants vesting in stages as cumulative generator payments from Amazon reach $8 billion. Generac is up 47.2% since the beginning of the year, but at $207.76 per share it is still trading 29.7% below its 52-week high of $295.54 from June 2026.
Generac Surges 18% on $8 Billion Amazon Data Center Generator Deal
Generac agreed to supply up to $8 billion worth of backup generators for Amazon's data centers, sending its shares up 18% and making it the top performer on the S&P 500. The company also issued a warrant for a stake in itself, according to a securities filing, and analysts said the stock could double in price over the next 12 to 18 months. The broader market closed higher, with the Dow Jones industrial average adding about 300 points, or roughly 0.6%, the S&P 500 gaining about 86 points, or 1.2%, and the Nasdaq composite rising about 1.7%. Intel shares climbed more than 7.5% after South Korean memory chipmaker SK Hynix said it might team up with the company, following a Reuters report that it could lease part of Intel's long-planned Ohio chip facility or form a venture, though SK Hynix said no decision has been made. Among decliners, Paramount Skydance fell more than 4.6% as a Barclays analyst argued its proposed merger with Warner Brothers could introduce massive financial and operational risks and predicted the company would eventually split up, while Fluence Energy tumbled 15% after cutting its revenue forecast, which analysts attributed to production issues at its Houston facility.
Fluence Energy Cuts Fiscal 2026 Revenue Guidance to About $2.4 Billion
Fluence Energy lowered its fiscal year 2026 revenue guidance to approximately $2.4 billion, down from its prior midpoint expectation of approximately $3.0 billion, citing continuing supply chain problems in the United States that disrupted production. Shares of the electricity storage and software provider fell 13.9% in the afternoon session following the cut, and multiple analysts reduced their price targets on the stock. The stock is down 66.3% since the beginning of the year and, at $7.75 per share, trades 76% below its 52-week high of $32.23 from February 2026. Fluence Energy shares have been extremely volatile, with 101 moves greater than 5% over the last year. The previous big move came 14 days ago, when the stock dropped 3.9% after Barclays analyst Christine Cho downgraded it to Underweight with a $10 price target.
Amazon Ties $2.4 Billion Generac Backup-Power Deal to Equity Warrants
Amazon has tied a potentially valuable equity kicker to a $2.4 billion data-center backup-power agreement with Generac, Reuters reported. Under the deal, Amazon received warrants for as many as 1.69 million Generac shares at an exercise price of $200.93 each, with roughly 307,954 shares vesting immediately and the rest becoming available as Amazon's purchases increase, potentially reaching $8 billion. Generac expects the first equipment deliveries during 2027 and 2028, and the warrants run through September 2033. Only about 18.2% of the potential warrant package vested immediately, so most of Amazon's equity benefit depends on sending substantially more business Generac's way. Amazon shares gained approximately 2.5% to $252.01 Thursday.
Generac Signs $2.4 Billion Generator Deal With Amazon
Generac Holdings signed a long-term agreement with Amazon to supply backup generators for its data centers, sending Generac shares up 20% on Thursday. Under the deal, Amazon.com NV Investment Holdings received a warrant to acquire up to 1.69 million Generac shares at $200.93 per share, with more than 300,000 vesting immediately and the rest vesting in tranches tied to Amazon's generator purchases through 2033. Initial deliveries will total $2.4 billion in 2027 and 2028, and additional purchases could reach as much as $8 billion, according to Reuters. The agreement supports Amazon's fast-growing artificial intelligence business, whose AI and chips run rates each topped $25 billion in the most recent quarter. Generac, based in Waukesha, Wisconsin, had previously disclosed a finalized deal with an undisclosed hyperscale data center company worth $700 million in volume, and its June 24 contract with a second hyperscale customer was confirmed as Amazon in the SEC filing.
Generac Soars 19% on $2.4 Billion Amazon Data Center Generator Deal
Generac struck a deal with Amazon to supply backup power generators for its data centers, with initial deliveries expected to total $2.4 billion between 2027 and 2028, and also granted Amazon the right to buy up to $340 million worth of its stock. Generac shares soared 19% on the news, while Amazon's stock moved 1.3% higher. Fluence Energy shares tumbled 14% after the battery storage maker cut its full-year guidance, now expecting $2.4 billion in revenue for 2026 versus its prior guidance of $2.9 billion to $3.1 billion, and anticipating a loss of $200 million before interest, taxes, depreciation and amortization, more than its previous guidance range of $30 million loss to $10 million EBITDA. Workday rose 5% after CNBC's David Faber reported that efforts to gain financing for a bid to take the cloud-based human resources software platform private are continuing, citing unidentified sources. Tower Semiconductor rose almost 9% after agreeing with privately-held New Photonics to a high-volume shipment of laser-integrated optical engines designed to meet growing demand for high-bandwidth, energy-efficient optical interconnects in AI infrastructure, and Vital Farms climbed 9% after Axios said the Austin, Texas-based pasture-raised egg and butter producer is exploring strategic alternatives, including privatization.
Factorial Energy jumps 14.4% on Mitsui Kinzoku solid-state battery deal
Factorial Energy shares jumped 14.4% in Thursday's trading after the company said it will partner with Japan's Mitsui Kinzoku to accelerate the global scale-up of its Solstice all-solid-state battery platform. Mitsui Kinzoku produces sulfide-based solid electrolytes for all-solid-state batteries and is one of few companies worldwide with foundational technology in this space, Factorial said. The Japanese company also produces ultra-thin copper foil and holds an estimated 90% share of the semiconductor market for that foil. Mitsui Kinzoku Senior Executive Officer Kiyotaka Yasuda said the two companies aim to accelerate the realization of next-generation batteries by combining Mitsui Kinzoku's long-established expertise in materials and manufacturing technologies with Factorial's advanced technological capabilities. Factorial Energy shares began trading on Nasdaq in June following the completion of its business combination with Cartesian Growth Corporation III.
Vertiv Q2 2026 Product Revenue Jumps 22% to $2.65 Billion
Vertiv reported that product revenues rose 22% year over year to $2.65 billion in the second quarter of 2026, accounting for about 81% of total sales, while total revenues climbed 24% to $3.27 billion. Regionally, Americas sales increased 29% to $2.07 billion and APAC rose 29% to $720 million, while EMEA returned to 2% reported growth. The company is adding capacity across the Americas, Malaysia and EMEA and investing in advanced thermal systems, next-generation power architectures and converged infrastructure, including an 800-volt DC roadmap and liquid-cooling products. For the third quarter of 2026, management expects $3.65-$3.85 billion in sales and 34%-36% organic growth, including high-30s organic growth in the Americas and APAC and mid-teens growth in EMEA. Vertiv faces intensifying competition from Super Micro Computer, which in July 2026 expanded its DCBBS liquid-cooling portfolio with 10 rear-door heat exchangers, and from Amphenol, whose IT datacom segment represented about 43% of sales and grew 63% organically year over year in the second quarter of 2026.
Generac Jumps 16% on $2.4B Amazon Data Center Generator Deal
Generac Holdings stock surged 16% to $203.76 after the backup-power maker announced a long-term agreement to supply generators for Amazon's hyperscale data centers, a deal reported at $2.4 billion that also grants Amazon warrants in Generac. The warrant stake adds dilution that the market will eventually have to price against the revenue win. Canaccord Genuity has flagged that the Amazon relationship could eventually unlock up to $8 billion in orders for Generac, well above the $2.4 billion actually contracted, and that gap is the entire bull-bear debate. Sector participation is thin: Caterpillar is up 2% to $799.43, Cummins is unchanged at $527.48, and the Industrial Select Sector SPDR ETF is up just 0.1% to $168.89, confirming the rally is a single-company event rather than a sector-wide repricing of backup power. Follow-through depends on whether a second hyperscaler contract or an order revision from Amazon lands in coming quarters.
AFL, Corning, Sumitomo Electric and TeraHop Complete SDM4 Multicore Fiber MSA, Release Version 1.0 Specification
AFL, Corning Incorporated, Sumitomo Electric Industries, Ltd., and TeraHop PTE. LTD. announced the completion of the SDM4 Multicore Fiber Multi-Source Agreement and the public release of the SDM4 Multicore Fiber MSA Technical Specifications, Version 1.0. The specification defines common geometrical, optical, mechanical and measurement requirements for a four-core multicore fiber intended for AI data centers, campus networks and other short-reach optical links, completing the objective the MSA set out to achieve: an industry-defined technical foundation for multi-vendor interoperability and future international standardization of four-core multicore fiber. Key elements include a four-core, square-lattice 2x2 core arrangement with a core pitch of 40 plus or minus 1 micrometers, a nominal cladding diameter of 125 micrometers, optical characteristics suitable for O-band short-reach applications, and crosstalk limits of minus 40 dB or less at 1 km and 1310 nm for both adjacent and diagonal core pairs. Antonio Castano, Chair of the SDM4 MCF MSA, said the specification establishes a common technical foundation that can help accelerate adoption of multicore fiber across the industry by aligning around a shared four-core fiber design. The MSA said frequent revisions are not anticipated and that future evolution of requirements for this class of fiber is expected to be advanced through relevant international standards-development organizations, with the published specification serving as a technical reference for discussions within ITU-T, IEC and organizations such as IEEE.
Generac shares jump 40% on $2.4 billion Amazon data center generator deal
Generac Holdings Inc. has signed a multi-year agreement to supply Amazon with backup generators for its data centers, an initial order worth $2.4 billion in deliveries during 2027 and 2028. Generac shares jumped more than 40% in extended trading following the announcement. The initial $2.4 billion order is only part of a deal that covers up to $8 billion in total payouts, with Generac also granting Amazon a warrant to purchase up to 1.69 million shares at $200.93 each. About 308,000 of those shares vested instantly, and the rest will vest as Amazon acquires additional generators; exercised in full, the warrant would represent roughly 3% of Generac's outstanding stock. The next thing to watch is how quickly Amazon moves beyond that first $2.4 billion outlay, since the warrant structure gives investors a clear way to track whether the relationship grows much bigger.
Generac Jumps on $8 Billion Amazon Backup Generator Deal
Generac shares surged 31% after the company and Amazon executed a long-term supply agreement for backup generators for Amazon's data centers, a deal worth up to $8 billion that includes initial deliveries totaling $2.4 billion in 2027 and 2028 and warrants allowing an Amazon subsidiary to buy Generac shares through 2033. CoreWeave kicked off a fresh round of fundraising that includes a $3 billion convertible bond issue and an at-the-market offering program allowing it to sell as many as 35 million shares from time to time, saying the program will provide financing flexibility and help migrate its credit profile toward investment grade. Lockheed Martin moved on news that the Pentagon and the company struck a framework agreement for a multi-year production contract for the Joint Advanced Tactical Missile, or JATM, which is still in development but close to entering production and would become the most advanced air-to-air missile in the US arsenal, a role long held by RTX's advanced medium range air-to-air missile since 1993; the new missile program is receiving a $2 billion boost in the Trump administration's proposed budget for the fiscal year starting October 1. Boeing faces hard months ahead as CEO Kelly Ortberg and the CFO laid out challenges that surprised investors, including additional testing for the 777X that will spill into next year and a more muted cash outlook.
Generac Signs Amazon Generator Deal With $2.4 Billion of Initial Deliveries
Generac Holdings Inc. has entered a long-term supply agreement to provide backup power generators for Amazon data centers, with initial deliveries expected to total $2.4 billion across 2027 and 2028. In a regulatory filing, Generac said it issued Amazon.com NV Investment Holdings LLC, a wholly owned Amazon subsidiary, a warrant to acquire up to 1,693,745 shares of common stock at an exercise price of $200.9266 per share, of which 307,954 vested immediately. The remaining warrant shares vest in tranches tied to aggregate gross payments, net of certain offsets, received by Generac and its affiliates from Amazon and its affiliates for backup power generators, extending up to a total of $8 billion of qualifying payments. Generac shares rose 34.5% in premarket trading on the news. The company reported more than $100 million in data center revenues in the second quarter of 2026, helping drive a 29% year-over-year increase in Commercial & Industrial segment sales, and said its data center backlog reached $1.6 billion as of July 2026, including roughly $1 billion of new orders received in the prior 90 days.
Amazon Takes Warrant Stake in Generac Under $8 Billion Generator Deal
Generac Holdings issued Amazon warrants to purchase up to 1,693,745 shares of its common stock at $200.93 per share on Wednesday, as part of a long-term agreement to supply backup power generators for Amazon data centers worth up to $8 billion. The warrants, which could be worth as much as $340 million, are held by Amazon.com NV Investment Holdings LLC, a wholly owned Amazon subsidiary, and approximately 308,000 warrant shares became exercisable upon signing, with the balance unlocking in stages tied to Amazon's generator purchase payments. Full vesting requires $8 billion in aggregate gross payments from Amazon and its affiliates to Generac and its global affiliates, and the warrants can be exercised through September 16, 2033. Initial generator deliveries under the supply agreement are expected to total $2.4 billion across 2027 and 2028, and on a fully diluted basis the warrants account for roughly 3% of Generac's total share count. Generac stock surged more than 40% in extended trading after the announcement; the Waukesha, Wisconsin-based company had a market capitalization of roughly $10.3 billion as of Wednesday's close.
Generac Shares Jump 30% on $8 Billion Amazon Data Center Generator Deal
Generac Holdings shares surged more than 30% before the opening bell Thursday after the power equipment maker secured a long-term agreement to supply backup generators for Amazon data centers. Initial deliveries are expected to total about $2.4 billion in 2027 and 2028, while total purchases under the arrangement could reach $8 billion. As part of the deal, Generac issued a warrant that could allow an Amazon affiliate to acquire up to 1.69 million shares, with a portion vesting immediately and additional shares tied to future generator purchases. Analysts said the size of the agreement may support Generac's ongoing manufacturing expansion and strengthen visibility into future demand, with several firms pointing to potential earnings benefits as deliveries ramp and data-center orders increase. The agreement adds to Generac's growing exposure to the AI infrastructure market, where demand for reliable backup power has risen alongside rapid data-center construction.
Generac Jumps 34% on $2.4 Billion Amazon Generator Supply Deal
Generac Holdings rose 33.70% premarket after disclosing a long-term supply agreement with Amazon.com alongside a warrant issued to an Amazon subsidiary for up to 1,693,745 shares at $200.9266. Initial generator deliveries for Amazon data centers are expected to total $2.4 billion in 2027 and 2028. Of the total warrants, 307,954 shares vested immediately, with the rest vesting in tranches as Amazon pays Generac for generators, up to $8 billion of aggregate gross payments. The arrangement runs to September 2033 and is exercisable for cash or cashlessly at Amazon's election, with anti-dilution adjustments and registration rights attached. CNBC values the full package near $340 million, close to 3% of shares outstanding against a market capitalization around $10.3 billion. Last week Amazon took warrants worth up to $4 billion in Qualcomm as part of a custom AI chip deal.
Generac surges on $8 billion Amazon data center generator deal
Generac Holdings surged 33.7% in premarket trading after announcing a long-term agreement with Amazon to supply industrial backup generators for the technology giant's global data centers. The agreement calls for initial deliveries worth about $2.4 billion across 2027 and 2028, while the total value of the arrangement could reach as much as $8 billion. Amazon will also receive a warrant to purchase about 1.69 million Generac shares at an exercise price of approximately $200.93 per share, representing nearly 3% of the company's shares outstanding. Nebius Group NV rose 11.1% in pre-open trading after notifying customers of broad-based price increases across its on-demand GPU cloud services effective Oct. 1, with prices rising approximately 17% for H100 instances, roughly 21% for the latest Nvidia B300 GPU, and 25% for AMD EPYC Genoa CPU rates. BCB Bancorp fell 4.9% in premarket trading after pricing an underwritten public offering of 11 million common shares for gross proceeds of $85.25 million and disclosing it is marketing approximately $210 million of problem loans, while expecting a net loss of between $126.2 million and $136.1 million for the third quarter of 2026.
Generac Soars 33% on Amazon Data Center Generator Deal
Generac struck a deal with Amazon to supply backup power generators for its data centers, sending the generator maker's shares up 33% in premarket trading. Initial deliveries are expected to total $2.4 billion between 2027 and 2028, and Generac also granted Amazon the right to buy up to $340 million worth of its stock; Amazon shares rose 1.3%. Lennar fell 1.2% after reporting third-quarter earnings of $1.19 per share, short of the $1.28 expected by analysts polled by FactSet and nearly half of what it saw this time last year, with revenue of $8.05 billion versus the $8.23 billion consensus estimate. Fluence Energy tumbled 22% after cutting its full-year guidance to $2.4 billion in revenue for 2026 from a prior range of $2.9 billion to $3.1 billion, and now anticipates a $200 million loss before interest, taxes, depreciation and amortization versus its previous guidance range of a $30 million loss to $10 million EBITDA. Nike rose 1.5% after announcing the appointment of Alexandre Arnault, Deputy CEO of LVMH's Moët Hennessy, to its board, and Arm Holdings gained roughly 4% after CEO Rene Haas told CNBC's Jim Cramer he is increasingly confident the company can meet demand for its new data center chip.
Generac Jumps 33% on $2.4B Amazon Generator Supply Deal
Generac Holdings shares surged 33% after the backup-power company announced a long-term supply agreement with Amazon that includes $2.4B of initial generator deliveries in 2027 and 2028 for Amazon data centers. The agreement could generate up to $8B in payments to Generac and its global affiliates, according to a regulatory filing, and Generac issued an Amazon subsidiary a warrant to purchase up to 1.69M shares at an exercise price of $200.9266 per share, with the majority vesting as Generac receives payments tied to generator purchases. Vicor Corporation rose 10% after the power-component maker announced a non-exclusive licensing agreement with an unidentified OEM covering its patented Vertical Power Delivery technology for high-performance AI processors, though financial terms, the OEM's identity, and expected purchase volumes were not disclosed. Fluence Energy plunged 16% after the energy-storage company cut its FY2026 revenue guidance to $2.4B from $2.9B-$3.1B previously, below the $2.96B consensus, and projected a full-year adjusted EBITDA loss of approximately $200M versus its prior outlook for a ~$10M loss, citing continued supply-chain issues and delays ramping up contract manufacturing in Houston; Fluence also named AES Corp. executive Bernerd Da Santos as executive vice president and chief operating officer. Viant Technology fell 10% after the advertising technology company launched an underwritten public offering of 8.5M Class A shares by a selling stockholder, with underwriters holding a 30-day option for up to an additional 1.28M shares and Viant receiving no proceeds from the base offering.
Generac Soars 34% Premarket on Up to $8B Amazon Generator Deal
Generac shares rallied nearly 34% in premarket trading on Thursday after the company agreed to supply up to $8B worth of generators for Amazon's data centers and issued a warrant for a stake in the company. Analysts welcomed the size and potential impact of the agreement. Barclays analyst Christine Cho, who has an Equal Weight rating and a $278 price target on GNRC, said the announcement follows Generac's July supply deal with a second hyperscaler, and that the larger-than-expected size underpins the tripling of manufacturing capacity discussed on the last earnings call. Bloomberg Intelligence analyst Christina Feehery said the long-term Amazon contract has significant upside for earnings growth, with calculations suggesting the deal could lift 2027 EPS 15% above expectations, and that the benefit to results should outweigh dilution from the warrants assuming over $1 billion is delivered next year. JPMorgan analyst Mark Strouse, who rates the stock Overweight, called it an encouraging deal size and said that with the backlog now in hand he looks for incremental updates on Generac's ongoing capacity expansions to support FY27 deliveries.
Vicor Buys New Hampshire Sites for Two More ChiP Fabs
Vicor Corporation announced on September 11 that it is purchasing a 334,000-square-foot building on 66 acres in Merrimack, New Hampshire, and another 54 acres in Hooksett to support planned ChiP Fab-2 and Fab-3 power-component manufacturing facilities with a combined footprint of nearly one million square feet. Management says the existing 320,000-square-foot Fab-1 in Andover, Massachusetts, is approaching capacity, and cites a one-year lead time to initial Fab-2 deployment. Second-quarter product revenue rose to $112.9 million from $85.7 million a year earlier, and backlog for product shipments scheduled within the following 12 months reached approximately $380 million as of June 30, up 26% sequentially and 145% year over year. Vicor held $453.6 million in cash and equivalents at June 30, with second-quarter operating cash flow of $34.0 million against capital expenditures of $11.2 million. The announcement did not disclose property purchase prices, a complete construction and equipment budget, or firm customer commitments, and it supplied neither a full production ramp schedule nor a Fab-3 start date.
Zhongguang Lightning Protection Obtains Two Patent Certificates from the National Intellectual Property Administration
Zhongguang Lightning Protection announced on September 17 that the company recently obtained two patent certificates issued by the National Intellectual Property Administration. One is for a surge protective device, providing a varistor failure protection solution. When the varistor fails, the SPD can act within a short time and form a safe short-circuit path, causing the front-end protective device to trip quickly and thereby protect the downstream circuit. The other is for a base body and a pluggable surge protective device, providing an innovative structural design that effectively increases creepage distance and clearance without increasing volume, to meet the application requirements of high voltage, large current flow, and miniaturization. In the first half of 2026, Zhongguang Lightning Protection achieved revenue of 267 million yuan and net profit attributable to the parent company of 12.05 million yuan.
China Jushi and Hunan Yuneng Disclose Shareholder Reductions on Same Day; CATL Stake Falls Below 5%
On the evening of September 17, China Jushi and Hunan Yuneng both issued announcements on changes in shareholder equity, with both companies experiencing reductions by significant shareholders. China Jushi disclosed that its second-largest shareholder, Zhenshi Holding Group, reduced its holdings by 28.3264 million shares through centralized competitive trading from September 15 to September 17, 2026, with the equity change reaching the 1% threshold. Its direct holdings decreased from 727 million shares, or 18.16%, to 699 million shares, or 17.46%. Including persons acting in concert Zhang Yuqiang and Zhang Jiankan, the combined shareholding ratio fell from 18.50% to 17.79%. Hunan Yuneng announced that shareholder CATL reduced its holdings by a total of 17.4597 million shares through centralized competitive trading and block trading from June 26 to September 16, 2026, accounting for 2.06% of the company's current total share capital. Its shareholding ratio dropped from 7.09632% to 4.99999%, and it is no longer a shareholder holding more than 5% of the company. CATL stated that this reduction was mainly due to its own capital management needs and normal investment arrangements, and that it would not affect business cooperation between the two parties. The reduction plan has not yet been fully implemented. Both companies stated that this equity change will not lead to changes in their controlling shareholders or actual controllers, nor will it have a significant impact on their corporate governance structures or ongoing operations.
Dingtong Technology appoints Xiong Sitian and Zhang Liujian as deputy general managers; Chairman Wang Chenghai temporarily serves as board secretary
Dingtong Technology announced on September 17 that deputy general manager and board secretary Wang Xiaolan and deputy general manager Luo Hongguo had submitted resignation reports for personal reasons, stepping down from their respective positions. The company's board of directors held a meeting the same day and decided to appoint Xiong Sitian and Zhang Liujian as new deputy general managers, with Chairman Wang Chenghai acting as board secretary. In the first half of 2026, Dingtong Technology achieved revenue of 1.029 billion yuan and net profit attributable to the parent company of 184 million yuan.
Generac shares jump 18% on up to $8B Amazon generator supply deal
Generac Holdings shares rose 18% in after-hours trading after the company announced a long-term supply agreement with Amazon.com to provide backup power generators for Amazon data centers. Under the terms announced Thursday, Generac will supply generators with payments totaling up to $8 billion, with initial deliveries expected to total $2.4 billion across 2027 and 2028. As part of the transaction, Generac issued a warrant to Amazon.com NV Investment Holdings LLC, a wholly-owned subsidiary of Amazon, allowing it to acquire up to 1,693,745 shares of Generac common stock at an exercise price of $200.93 per share. Of those shares, 307,954 vested immediately, with the remainder vesting in tranches tied to aggregate gross payments received by Generac and its affiliates from Amazon for backup power generators.
Fluence Energy Cuts FY 2026 Guidance on Houston Plant Delays, Shares Plunge 18.8%
Fluence Energy slashed its fiscal year 2026 revenue guidance to $2.4 billion, down from a prior range of $2.9 billion to $3.1 billion and below the $2.96 billion FactSet consensus estimate, sending shares down 18.8% in post-market trading Wednesday. The company also guided for a full-year adjusted EBITDA loss of roughly $200 million, compared with its previous outlook for a loss of about $10 million. President and CEO Julian Nebreda said demand has remained strong domestically and internationally and the international supply chain has continued to work well, but delays in the ramp-up of the company's contract manufacturing facility in Houston are the primary reason for the lowered fiscal year 2026 guidance. Fluence also named AES Corp. executive Bernerd Da Santos as its new Executive VP and COO.
Fluence Energy Names Bernerd Da Santos Chief Operating Officer
Fluence Energy announced that Bernerd Da Santos has joined the company as Executive Vice President and Chief Operating Officer. In the new role, Da Santos will oversee Fluence's customer success, product, supply chain, manufacturing, and enterprise operations organizations. Da Santos most recently served as Senior Strategic Advisor to the President of The AES Corporation and Chairman of the AES Clean Energy Board, and previously held roles at AES including Executive Vice President and President of AES' Renewables Strategic Business Unit from June 2023 to April 2026, Executive Vice President and Chief Operating Officer from December 2017 to July 2023, and Chief Operating Officer and Senior Vice President from 2014 to 2017. Julian Nebreda, President and Chief Executive Officer of Fluence, said Da Santos has demonstrated his ability to improve operations across AES businesses, including the end-to-end transformation of AES' supply chain organization, and expressed confidence he will lead the successful resolution of the company's operating challenges. Da Santos said he is excited to join Fluence at a time of record backlog, a growing list of customers and the delivery of its new product platform, Smartstack.
Plug Power Narrows Q2 Gross Margin Loss to 0.9% From 30.7%
Plug Power reported a second-quarter 2026 net loss of approximately $190.1 million, narrower than the $228.7 million loss in the year-ago quarter, as its gross margin improved to negative 0.9% from negative 30.7%. For the first six months of 2026, the company posted a net loss of approximately $436.1 million and a gross margin of negative 6.8%, compared with negative 41.4% a year earlier. The company said the margin improvement came from enhanced pricing, better stack reliability, increased labor utilization and lower labor and overhead costs, while its Power Purchase Agreements gross loss improved to negative 30% from negative 91.6%. Plug Power's 2026 restructuring plan, initiated in January, was completed in the second quarter, with restructuring costs falling to $0.2 million from $3 million a year ago. Among peers, Bloom Energy's gross margin expanded 670 basis points to 33.4% on a 232% rise in gross profit, while Flux Power Holdings reported a gross margin increase of 10 basis points.
Hong Kong-based investment fund Oasis Management has raised its shareholding ratio in Nidec to 7.97%, according to a change report filed on the 16th. Its previous stake was 6.78%, and the date on which the reporting obligation arose was September 9. Oasis said its purpose for holding the shares is to gain profit from share price fluctuations and dividends, and in addition to proposals it has already made regarding the appointment and composition of directors, delisting, and changes to capital policy, it plans to make proposals within the next 12 months concerning the disposal or acquisition of important assets, the transfer of businesses, and the selection and dismissal of representative directors. If it judges the share price to be undervalued, it plans to increase its stake by more than another 5% within the next three months, with the specific acquisition price, quantity, and timing currently under consideration, and filings with or approvals from regulatory authorities may be required in some cases.
Emerson Electric Earns Zacks Rank #2 Upgrade as Analysts Lift Estimates
Emerson Electric has been upgraded to a Zacks Rank #2 (Buy) rating after analysts raised their earnings and revenue estimates for the company. The upward revisions have sharpened investor focus on Emerson's industrial automation and software exposure, with attention on whether near-term EPS and sales growth can offset exposure to tariffs, FX and demand softness in Europe and China. The estimate upgrades sit alongside Emerson's guidance update on 4 August 2026, when the company lifted its full year 2026 net sales growth outlook to about 5% and EPS to roughly US$4.89. Emerson's narrative projects $22.1 billion revenue and $3.8 billion earnings by 2029, yielding a $171.81 fair value that implies a 17% upside to its current price. Some of the most optimistic analysts already assume revenue could reach about US$22.4 billion and earnings US$4.2 billion by 2029, far above consensus, illustrating how widely opinion runs on the company's AI-driven automation upside versus risks such as intensifying digital competition.
nVent Prices $800M Senior Notes to Fund $1.75B Maverick Power Acquisition
nVent Electric said its subsidiary Hoffman Schroff priced an $800M offering of 6.150% senior notes due 2036, with the deal expected to close on September 29. The notes offering is part of a broader financing package that also includes a planned $600M three-year term loan and up to $250M in additional revolving credit borrowings. That financing, together with cash on hand and potentially a bridge loan, will be used primarily to fund nVent's planned $1.75B acquisition of Maverick Power and related costs. The notes offering is not contingent on the acquisition closing, but if the deal does not close by the applicable deadline, nVent must redeem the outstanding notes at 101% of principal plus accrued interest.
Citi Starts FuelCell Energy at Neutral With $19 Price Target
Citi initiated coverage of FuelCell Energy with a Neutral rating and a $19 price target, sending shares down 0.9% in Tuesday's trading. Analyst Vikram Bagri said demand from hyperscaler data centers and colocation and neocloud providers has driven the order pipeline to roughly 10 GW, with average proposal sizes rising about 3x over the last six months. Citi cited differentiated strengths including native DC baseload power, rapid deployment timelines, and more than 20 years of utility-scale operating experience, while the molten carbonate platform benefits from a largely U.S.-based supply chain, improved seven-year stack life, better power density, low emissions, chilled-water production, and carbon-capture capabilities. Bagri said recent restructurings should let operating expenses grow roughly in line with inflation while the company benefits from strong operating leverage as it grows production and achieves positive adjusted EBITDA in Q4 2027. However, FuelCell's product backlog remains modest at about $109M, the broader pipeline has yet to convert meaningfully into firm orders, and its roughly 50% efficiency trails Bloom Energy's SOFC platform, while expanding gas turbine, fuel cell, and engine manufacturing capacity could increase competitive pressure.
Rockwell Automation Joins Anthropic's Project Glasswing for Industrial Cyber Defense
Rockwell Automation has joined Anthropic's Project Glasswing, a global initiative aimed at securing critical software and strengthening cyber resilience across critical infrastructure. Through controlled access to Claude Mythos 5, Rockwell security teams are exploring ways to accelerate the discovery, validation, prioritization, and remediation of vulnerabilities across software and connected systems that manufacturers rely on every day. Project Glasswing was launched by Anthropic in April 2026 to give approved organizations access to Claude Mythos Preview for defensive cybersecurity work, and Anthropic says the initiative began with roughly 50 partners and has expanded to approximately 150 additional organizations across more than 15 countries, spanning power, water, healthcare, communications, and hardware. Tony Baker, vice president and Chief Product Security Officer, Digital Trust, at Rockwell Automation, said the company is applying advanced AI capabilities in a controlled, defensive way to help identify and address vulnerabilities faster. Rockwell's participation is expected to support more resilient products, faster vulnerability handling, and continued investment in security across connected industrial systems.