GNRC News & Events

Hunterbrook said it "dug into the permits for OpenAI's Stargate data center in Abilene, Texas. Buried on pages 42 and 43: 28 emergency backup generators powered by Baudouin - a French engine brand almost no one sells in America. Except Generac (GNRC)." According to a recently published report by Hunterbrook, "Baudouin - a French engine brand owned by Chinese conglomerate Weichai Group. Baudouin makes the engines that are the key component of multi-megawatt backup generators like those used in major data centers, and in the United States, they are distributed most prominently as part of the new integrated generator systems put together by Generac. One of Baudouin's customers? The Stargate data center in Abilene, the crown jewel of the $500 billion AI buildout from SoftBank (SFTBY), OpenAI, Crusoe, and Oracle (ORCL). This is according to an obscure section of a Texas air permit reviewed by Hunterbrook. Buried on pages 42 and 43: 28 emergency backup generators powered by Baudouin." Based on Hunterbrook Media's reporting, Hunterbrook Capital is "long $GNRC and short a basket of comparable securities at the time of publication."

Generac signed a definitive agreement to acquire Enercon Engineering, adding specialized manufacturing expertise in generator enclosures and switchgear to meet the need for backup power as global demand for data center capacity could more than triple by 2030. Founded in 1975 and headquartered in East Peoria, Illinois, Enercon designs and manufactures custom power equipment and industrial enclosures for high-reliability applications. The company's more than 120 employees operate a 160,000-square-foot manufacturing facility. Upon closing, Enercon will operate as "Enercon, a Generac company" under Generac's Domestic Commercial & Industrial Business Group. The current leadership team will continue to lead the business. Closing is subject to regulatory approvals and is anticipated in Q2.