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The maker of backup generators has "multiple shots on goal" for data center contracts, with potential to land two data-center deals this year, Jefferies said in a report.
Investing.com -- Generac Holdings shares rallied nearly 7% on Friday after it received a bullish upgrade from Jefferies, as analysts argued the backup power equipment maker is nearing a “moment of truth” in securing major hyperscaler data-center contracts tied to the AI infrastructure boom.
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