WEBVTT - Generac Jump; Coreweave Moves; Lockheed Martin Dea;

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<v Speaker 1>Bloomberg Audio Studios.

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<v Speaker 2>Podcasts. Radio.

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<v Speaker 1>News.

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<v Speaker 2>The Stock Movers Report. Your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>John Tucker with Stock Movers.

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<v Speaker 1>I always feel like I have to apologize for being here.

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<v Speaker 1>Shares of Genrag. Got to start there. Skyrocketing. The maker

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<v Speaker 1>of the residential and industrial power generators. Signing a deal

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<v Speaker 1>of up to $ 8 billion with Amazon.

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<v Speaker 3>What?

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<v Speaker 1>For backup power generators for their data centers. So it includes...

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<v Speaker 1>Initial deliveries of backup generators worth $ 2. 4 billion next year

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<v Speaker 1>and 2028. It also includes warrants allowing an Amazon subsidiary

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<v Speaker 1>to buy Generac shares through 2033. Wow. Generac's a $ 10

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<v Speaker 1>billion company.

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<v Speaker 3>I didn't know that. Do you guys have the 10

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<v Speaker 3>kilowatt with transfer switch cellular starting at $ 4, 619? Boom.

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<v Speaker 1>Saved my life.

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<v Speaker 2>Superstorm.

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<v Speaker 3>Sandy.

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<v Speaker 1>Yeah, well, that's just the generator. Then you've got to

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<v Speaker 1>pay a bunch of electricians to hook the thing up,

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<v Speaker 1>and you've got to get the switch. You get the plan,

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<v Speaker 1>they come out, they check it a couple times a year.

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<v Speaker 3>Are they like a childhood where they're noisy, or are

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<v Speaker 3>they quieter?

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<v Speaker 1>Very quiet. And put some shrubs around it.

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<v Speaker 2>Really?

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<v Speaker 1>It's perfect. You've got a little remote control inside. You

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<v Speaker 1>look out, you see the light blinking, and you just

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<v Speaker 1>feel so much better. And this morning, they were all

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<v Speaker 1>going off, you know, those people that had them in mind.

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<v Speaker 3>Tucker went with the 26 kilowatt. Stand-by generator, $ 8, 219.

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<v Speaker 2>I was even bigger than that back in the day.

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<v Speaker 1>Really? Yes.

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<v Speaker 3>A manly generator?

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<v Speaker 2>Yes.

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<v Speaker 1>So what's the stock up or down? Well, it's up

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<v Speaker 1>this morning 31%. They have gained 28% so far this year.

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<v Speaker 1>through the close compared with, what, the S &amp; P 500, 10%.

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<v Speaker 1>Most active, CoreWeave. This is a company that provides computing

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<v Speaker 1>that powers AI systems. They're kicking off a fresh round

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<v Speaker 1>of fundraising. This includes a $ 3 billion convertible bond issue

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<v Speaker 1>and a vehicle for potential share sales. They agreed to

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<v Speaker 1>a so-called at-the-market offering program. It allows them to sell

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<v Speaker 1>as many as 35 million shares from time to time.

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<v Speaker 1>They say in a statement the program will provide... financing flexibility,

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<v Speaker 1>and help them migrate their credit profile toward investment grade.

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<v Speaker 3>Ten seconds. Are you with me that I'm watching NI

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<v Speaker 3>Bonds into Foo in Sweeney here this morning? Like, if

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<v Speaker 3>I'm a high-tech company, after this bounce back, now's when

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<v Speaker 3>I want to do my mother a trunch.

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<v Speaker 1>Let's bring it.

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<v Speaker 3>Umpteen billion.

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<v Speaker 1>Let's bring it.

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<v Speaker 2>Got yields pulling in.

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<v Speaker 1>Missile news. Lockheed Martin and the Defense Department have struck

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<v Speaker 1>a broad framework agreement, eventually resulting in a multi-year production

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<v Speaker 1>contract for the Joint Advanced Tactical Missile JATM, I guess,

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<v Speaker 1>which is still in development but close to entering production.

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<v Speaker 1>When it's deployed, this projectile will be the most advanced

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<v Speaker 1>air-to-air missile in the U.S. arsenal. This is a role

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<v Speaker 1>that's long been held by RTX, the Advanced Medium Range

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<v Speaker 1>Air-to-Air Missile, back in 1993. So that's getting kind of old.

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<v Speaker 1>The new missile program, receiving a $ 2 billion boost in

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<v Speaker 1>the Trump administration's proposed budget for the fiscal year that follows.

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<v Speaker 1>Starts in a few days, actually, October 1st. Real quick,

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<v Speaker 1>we'll do Boeing. Hard months ahead. The CEO, Kelly Ortberg,

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<v Speaker 1>laying out a set of challenges that surprised investors appearing

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<v Speaker 1>at the conference. Ortberg and the CFO present a list

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<v Speaker 1>of issues from additional testing that will spill into next

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<v Speaker 1>year for the 777X to more muted cash outlook for

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<v Speaker 1>the company.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street. And for the latest market-moving headlines,

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