Citigroup has issued a research report indicating that Generac (GNRC.US) has entered into a long-term supply agreement with Amazon to provide backup generators for Amazon's data centers. Concurrently, the bank has assigned a "Buy" rating to WEICHAI POWER (02338) with a target price of HK$50.

The report notes that initial delivery expectations for 2027 to 2028 could total US$2.4 billion, which the bank views as a positive development for WEICHAI POWER. As a core supplier to Generac, the company is well-positioned to benefit from sustained growth in backlog orders. The bank estimates that these potential shipments could generate revenue contributions ranging from US$478 million to US$1.075 billion for the 2027/28 period.