Jim Cramer Notes "Cummins Is Seeing Incredible Demand for Diesel Backup Generators From All These New Data Centers"
Cummins Inc. (NYSE:CMI) is one of the stocks Jim Cramer looked at. Cramer mentioned the company during the episode and commented:
What do we do with the stock of Cummins, the maker of truck engines and power generators? It’s up 47% in the past six months, nearly 14% year to date. Right now, the story here is the power systems and distribution business because Cummins is seeing incredible demand for diesel backup generators from all these new data centers. Stock spent the past month trading sideways, drifting lower.
Cummins Inc. (NYSE:CMI) provides engines, power systems, and drivetrain solutions, along with aftertreatment technologies and electrified power systems. Moreover, the company offers generators, fuel cells, and hydrogen technologies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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