Published:
Shares of Generac Holdings shot up toward a multiyear high on Wednesday, after the maker of home generators provided an upbeat sales-growth outlook as the company’s push into the data-center market accelerates.
The apparent shift in focus toward the company’s
GNRC commercial and industrial business, which builds large backup generators used by data centers that power artificial-intelligence applications, comes as its residential business is hurting due to “continued weakness” in power-outage activity.