Generac stock jumps 18% on a major Amazon data-center contract, while Lennar faces cooling housing demand and cuts its annual delivery guidance.
Generac signed a $2.4 billion deal to supply data-center generators to Amazon, driving shares up 18.3%.
Lennar cut its full-year home delivery target and reported lower revenue and profit amid interest-rate pressure and worsening housing conditions.
Volvo announced its largest-ever product push with 13 new car models by the end of the decade, but no financial details were provided.
Amazon is the buyer in a $2.4 billion data-center generator deal with Generac, though the amount is not material relative to Amazon's scale.
Generac Holdings shares surged 18.3% following a $2.4 billion agreement to supply data-center generators to Amazon. Conversely, homebuilder Lennar reported a decline in quarterly revenue and profit, prompting the company to lower its full-year home delivery targets amid persistent interest-rate headwinds.
Generac shares rose 18.3% after the company finalized a $2.4 billion deal to supply backup power generators to Amazon for its data-center operations.
Lennar cited worsening conditions in the housing market and continued pressure from high interest rates as the primary reasons for lowering its delivery guidance.