Generac Surges 18% on $8 Billion Amazon Data Center Deal | Closing Bell
Speakers
Lisa Mateo
— Reporter, Bloomberg
Romaine Bostick
— Anchor, Bloomberg
Summary
U.S. stocks closed higher, with the S&P 500 up 1.2% and the Nasdaq up 1.7%, as investors digested a Fed rate hike and declining yields. Generac surged 18% on an $8 billion Amazon data center generator deal, while Intel rose on reports of a potential SK Hynix partnership. Paramount Skydance, Lennar, and Fluence Energy were among the decliners on merger risks, housing pressures, and a revenue guidance cut, respectively. The episode also covered oil's pullback, crypto-linked stocks, and college football stadium costs.
- U.S. equities closed broadly higher; S&P 500 rose 1.2% and Nasdaq gained 1.7%.
- Generac jumped 18% after an $8 billion Amazon data center generator deal.
- Intel gained on reports SK Hynix may lease or JV its Ohio fab.
- Paramount Skydance fell on merger risk concerns and an antitrust lawsuit.
- Lennar cut delivery targets amid high mortgage rates and weak consumer confidence.
- Fluence Energy tumbled after cutting revenue guidance on production issues.
- Oil pulled back and yields fell after the Fed's quarter-point hike.
- Crypto-linked stocks recovered despite the Clarity Act failing in Congress.
Ideas
SK Hynix could partner with Intel.
Intel shares jumped after reports that SK Hynix might lease part of Intel's long-planned Ohio chip facility or form a joint venture, a potential partnership that could support Intel's foundry ambitions, though SK Hynix said no decision has been made.
Amazon deal could double Generac.
Generac agreed to supply up to $8 billion of backup generators for Amazon's data centers and issued Amazon a warrant for a stake, a major contract that is boosting the stock; analysts believe the stock could double over the next 12 to 18 months.
Merger risks make Paramount Skydance unattractive.
A Barclays analyst argues the proposed Paramount Skydance-Warner Brothers merger could introduce massive financial and operational risks, predicts the company will eventually split due to conflicting priorities, and notes an antitrust lawsuit from state attorneys general, making the stock unattractive.
Lennar weak on housing pressures.
Lennar cut its full-year home delivery target, citing interest rate pressures and worsening housing market conditions; revenue and profit fell in the third quarter, and the CEO said consumer confidence has declined as affordability issues slow purchase decisions, making the stock unattractive.
Fluence guidance cut on production issues.
Fluence Energy cut its full-year revenue forecast due to production issues at its Houston facility, sending shares down 15% on the day and more than 60% year to date, making the stock unattractive.
Up Next
This Bloomberg Markets video, published September 17, 2026, features Lisa Mateo discussing INTC, GNRC, PSKY, LEN, FLNC. 5 trade ideas extracted by AI with direction and confidence scoring.