A new analysis rates Cummins Inc. a Strong Buy, citing its strategic push into prime power for data centers as a significant growth driver. The company is developing a prime-power product built around a 130-liter gas generator, positioning it to challenge established market players and expand its addressable market in data center power.
Cummins’ power revenue is projected to grow from $5 billion to $9 billion by 2030, supported by its focus on data centers.
The company’s zero-emissions segment, Accelera, is narrowing its losses and is forecast to generate $1.45 billion in revenue by 2030. Accelera also plans to expand battery manufacturing in Europe to meet rising demand for battery-electric solutions in the commercial vehicle market.