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12 stories mentioning CMIUpdated 1h ago

Every FINWIRES story that references CMI, newest first.

Wire

Cummins to Supply Natural Gas Generators for Texas Data Center

Cummins (CMI) said Tuesday it reached an agreement with Circe Energy to supply natural gas-powered generator sets for a behind-the-meter microgrid supporting a high-performance computing data center in Texas.Financial details weren't disclosed.Under the agreement, Cummins will supply a series of high-power, high-efficiency HSK78 and QSK60 natural gas generator sets for the scalable prime-power microgrid, with deliveries scheduled from 2026 through 2030.Shares of Cummins were up 2.5% in Tuesday trading.Price: $697.20, Change: $+17.49, Percent Change: +2.57%

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Wire

Cummins Shares Rise After UBS Upgrade

Cummins (CMI) shares were up 3.3% in Monday trading after UBS upgraded its rating on the company's stock to buy from neutral and adjusted its price target to $850 from $565.Trading volume stood at over 452,000 shares compared with a daily average of around 872,000.Price: $672.96, Change: $+21.74, Percent Change: +3.34%

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Research

UBS Upgrades Cummins to Buy From Neutral, Adjusts Price Target to $850 From $565

Cummins (CMI) has an average rating of overweight and mean price target of $750.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

Cummins Raises 2030 Financial Targets

Cummins (CMI) said Thursday at its Analyst Day event that it is raising its 2030 financial targets on the back of its investment strategy, stronger market positions, and rising demand.The company said it now expects revenue of $45 billion to $50 billion, and EBITDA margin of more than 20% in 2030.Back in 2024, the company projected revenue of $43 billion to $48 billion, and EBITDA of 17% to 18% in 2030.Shares were down over 4% in afternoon trading.Price: $637.55, Change: $-32.32, Percent Change: -4.82%

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Insider Trading

Cummins Insider Sold Shares Worth $518,975, According to a Recent SEC Filing

Donald G Jackson, Vice President, Treasury & Tax, on May 14, 2026, sold 730 shares in Cummins (CMI) for $518,975. Following the Form 4 filing with the SEC, Jackson has control over a total of 8,531 common shares of the company, with 8,316 shares held directly and 215 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/26172/000122520826005309/xslF345X05/doc4.xmlPrice: $716.31, Change: $+6.73, Percent Change: +0.95%

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Insider Trading

Cummins Insider Sold Shares Worth $451,686, According to a Recent SEC Filing

Bonnie J Fetch, Executive Vice President & President, Operations, on May 11, 2026, sold 643 shares in Cummins (CMI) for $451,686. Following the Form 4 filing with the SEC, Fetch has control over a total of 11,679 common shares of the company, with 11,679 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/26172/000122520826005232/xslF345X05/doc4.xmlPrice: $713.50, Change: $+8.94, Percent Change: +1.27%

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Insider Trading

Cummins Insider Sold Shares Worth $3,481,066, According to a Recent SEC Filing

Jennifer Mary Bush, Vice Preident and President of Power Systems, on May 12, 2026, sold 5,000 shares in Cummins (CMI) for $3,481,066. Following the Form 4 filing with the SEC, Bush has control over a total of 12,155 common shares of the company, with 11,986 shares held directly and 169 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/26172/000122520826005213/xslF345X05/doc4.xmlPrice: $706.68, Change: $+2.12, Percent Change: +0.30%

$CMI
Insider Trading

Cummins Insider Sold Shares Worth $456,524, According to a Recent SEC Filing

Bonnie J Fetch, Executive Vice President & President, Operations, on May 11, 2026, sold 652 shares in Cummins (CMI) for $456,524. Following the Form 4 filing with the SEC, Fetch has control over a total of 12,322 common shares of the company, with 11,679 shares held directly and 643 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/26172/000122520826005123/xslF345X05/doc4.xml

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Insider Trading

Cummins Insider Sold Shares Worth $1,650,296, According to a Recent SEC Filing

Nicole Lamb-Hale, Vice President, Chief Administrative Officer & Corporate Secretary, on May 08, 2026, sold 2,408 shares in Cummins (CMI) for $1,650,296. Following the Form 4 filing with the SEC, Lamb-Hale has control over a total of 14,084 common shares of the company, with 14,084 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/26172/000122520826005017/xslF345X05/doc4.xmlPrice: $682.81, Change: $-0.07, Percent Change: -0.01%

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Research

Research Alert: CFRA Upgrades View On Shares Of Cummins Inc. To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target to $850 from $600 following CMI's Q1 earnings print, valuing shares at 25.7x our 2027 EPS view of $33.09 (up from $30.00; 2026 EPS forecast revised to $27.51 from $26.47), above the company's historical multiple average given profitable exposure to power generation markets that we see being a multi-year structural tailwind. Q1 results were supported by CMI's power generation business, which is being driven by robust global demand, particularly from data centers. This growth is helping to offset a weaker, though improving, environment in the on-highway truck markets, which appear to be recovering from a cyclical trough sooner than previously anticipated. In parallel, CMI is undertaking strategic actions to improve the growth trajectory of its new power segment by divesting from less promising areas. Q1 performance contributed to an increase in the full-year forecast for both revenue and profitability.

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Wire

Truist Securities Adjusts Price Target on Cummins to $815 From $730, Maintains Buy Rating

Cummins (CMI) has an average rating of overweight and mean price target of $711.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $698.18, Change: $+23.30, Percent Change: +3.45%

$CMI
Research

Research Alert: Cummins: Data Center Boom Offsets Truck Weakness In Q1

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CMI delivered mixed Q1 results with revenues rising 3% to $8.4B, though EBITDA margins compressed to 15.4% from 17.9%, reflecting divergent performance between power generation and truck manufacturing businesses. Power generation continued standout performance, with Power Systems achieving 19% revenue growth to $2.0B and EBITDA margins expanding to 29.5%, while Distribution posted 7% growth to $3.1B with improving margins, both benefiting from unprecedented data center demand for backup power systems. Conversely, truck-exposed segments faced headwinds, with Engine sales declining 4% to $2.7B and margins compressing to 10.4%, while Components fell 5% to $2.5B. Management raised full-year guidance, projecting revenue growth of 8-11% (up from 3%-8%) and EBITDA margins of 17.75%-18.50% (up from 17.0%-18.0%). We see North American on-highway markets showing signs of recovery off trough conditions, while continued momentum in power generation demand supports the raised outlook despite being early in the year.

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