Generac CEO Aaron Jagdfeld on power supply agreement with mystery hyperscaler

Watch on YouTube ↗  |  June 02, 2026 at 16:12  |  4:15  |  CNBC
Speakers
Aaron Jagdfeld — Chairman, President, and CEO, Generac

Summary

Generac CEO Aaron Jagdfeld discusses a global supply agreement with an unnamed hyperscaler for backup generators, calling it a generational opportunity that will transform the company. He expects the commercial and industrial data center business to double in three years, driving overall company revenue up 50% by 2028, supported by shorter lead times and a strong existing backlog.

  • Generac announces a global supply agreement with a major hyperscaler for backup power generators.
  • CEO says the deal will fundamentally change the company's business mix and growth profile.
  • Existing backlog for colocation customers already stands at $700 million.
  • Company's lead times are significantly shorter than competitors CAT and Cummins.
  • Expects to double C&I data center revenue in three years.
  • Overall company revenue projected to grow 50% by 2028.
  • A second hyperscaler customer is being courted with an announcement expected soon.
  • Short lead times create a competitive advantage amid supply-demand imbalance.
Trade Ideas
Aaron Jagdfeld Chairman, President, and CEO, Generac 0:55
Generac's data center business will transform company.
Generac's data center backup power business is a generational opportunity that will transform the company. The company has the shortest lead times in the industry (vs. CAT and Cummins at ~2 years), a $700M existing backlog for colocation customers, a $650M notice to proceed for 2027 from the hyperscaler, and expects to double its C&I revenue in three years and increase overall company revenue 50% by 2028. The supply-demand imbalance in backup generators for data centers gives Generac a major competitive advantage.
GNRC HIGH
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This CNBC video, published June 02, 2026, features Aaron Jagdfeld discussing GNRC. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Aaron Jagdfeld  · Tickers: GNRC