Cummins Inc

Cummins designs and manufactures engines (diesel, natural gas, electric) and power systems for heavy trucks, industrial equipment, ships, and standby/backup generators [Yahoo Finance]. They also produce the components that go into those engines — turbochargers, fuel systems, emission controls, transmissions — and sell replacement parts and service through a global dealer network. The company is expanding into battery-electric and fuel-cell powertrains to serve customers shifting away from fossil fuels.

Cummins is a 105-year-old American industrial giant that makes diesel and natural gas engines, power generators, and electric powertrains for trucks, construction equipment, and data centers [Yahoo Finance]. The company faces near-term headwinds — a recent $23.3 million verdict for trade secret misappropriation [Yahoo Finance] and multiple insider sales totaling over $5 million in the past 90 days [SEC Form 4] — but is capitalizing on surging demand for data center power generation as AI and cloud computing drive electricity needs [Yahoo Finance]. With a market cap of $91 billion, solid free cash flow of $2.4 billion, and low leverage at 1.0x net debt/EBITDA [Yahoo Finance], Cummins remains financially healthy despite flat revenue growth.

Strong balance sheet and cash generation, but revenue is slightly down and the valuation is stretched.