{
  "id": 12887111,
  "title": "Piper Sandler, KeyBanc bullish on Generac’s expanding data center pipeline",
  "url": "https://urgent.news/2026/10/08/piper-sandler-keybanc-bullish-on-generacs-expanding-data-center",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T14:33:31.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/piper-sandler-keybanc-bullish-on-generacs-expanding-data-center-pipeline-4939342"
  },
  "original_language": "en",
  "account": "Generac Holdings Inc (NYSE:GNRC) shares rose by about 2.5% in early Thursday trading after two Wall Street analysts issued positive ratings and price targets, signaling the company's growth in the data center infrastructure market. Piper Sandler initiated coverage on Generac with an Overweight rating and set a $303 price target, while KeyBanc upgraded the stock to Overweight with a $280 price target. The analysts' endorsement underscores a shift in Generac's growth trajectory, as demand for emergency standby power in data centers rises. While previously seen as a consumer-facing player focused on residential storm outages, Generac's rapid commercial expansion is attracting investor attention toward high-margin enterprise infrastructure. Piper Sandler analyst Dimple Gosai highlighted that Generac has a backlog of $4 billion in data centers in less than a year, suggesting the market currently undervalues this momentum as a short-term order rather than a long-term trend. The firm estimates Generac's 2028 revenue and EBITDA at $8.12 billion and $1.62 billion, respectively. With two major hyperscalers on board and an integrated delivery model resembling the one that secured 60% of the U.S. telecom backup power market, analysts see potential for Generac to capture more market share in hyperscale and colocation deployments. KeyBanc analyst Jeffrey Hammond pointed to Generac's recent long-term agreement with Amazon for up to $8 billion over seven years, including $2.4 billion through 2028. This commitment, combined with warrant incentives, validates Generac's ability to compete at scale in large-format generators.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}