Generac surged 33% premarket after striking a deal with Amazon to supply backup power generators for its data centers. Initial deliveries are expected to total $2.4 billion between 2027 and 2028, and Generac granted Amazon the right to buy up to $340 million in stock. Amazon shares rose 1.3%.
Lennar dropped 1.2% after reporting disappointing third-quarter results. Earnings were $1.19 per share, missing the $1.28 consensus estimate and nearly half of last year’s figure. Revenue came in at $8.05 billion versus an $8.23 billion expectation.
Fluence Energy tumbled 22% after cutting full-year guidance. The battery storage maker now expects $2.4 billion in revenue for 2026, down from a prior range of $2.9 billion to $3.1 billion, and anticipates an EBITDA loss of $200 million versus a previous guidance range of a $30 million to $10 million loss.
Nike climbed 1.5% after appointing Alexandre Arnault, Deputy CEO of LVMH’s Moët Hennessy, to its board. “Alexandre has earned a reputation for helping iconic global brands evolve, innovate and grow in a changing, complex marketplace,” Nike said.
Arm Holdings gained roughly 4% after CEO Rene Haas told CNBC’s Jim Cramer that he is increasingly confident the company can meet demand for its new data center chip.