Cummins Inc. (NYSE:CMI) is one of the
10 Best Performing Data Center Stocks So Far in 2026.
On May 11, 2026, Evercore ISI raised the firm’s price target on Cummins Inc. (NYSE:CMI) to $845 from $694 and maintained an Outperform rating on the shares.
Truist also raised the firm’s price target on Cummins Inc. (NYSE:CMI) to $815 from $730 while reiterating a Buy rating. The firm pointed to the company’s Q1 earnings beat and noted that sales increased 3% year over year, supported by stronger demand in global power generation markets, particularly from data center-related activity.
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Earlier in May, Cummins Inc. (NYSE:CMI) reported Q1 EPS of $4.71. Revenue totaled $8.4B, versus the consensus estimate of $8.37B. The quarter included charges tied to the sale of the company’s low-pressure fuel cell business totaling $199M, or $1.44 per diluted share. Chair and CEO Jennifer Rumsey said Cummins delivered strong operational performance during the quarter, led by record results in its Power Systems segment. Management highlighted continued strong demand tied to data center backup power infrastructure, while North American truck markets also began recovering from cyclical lows. Rumsey added that the company’s decision to divest its low-pressure fuel cell business reflects lower expectations for hydrogen adoption and an effort to focus investment spending and reduce losses within the Accelera segment.
Cummins Inc. (NYSE:CMI) provides power solutions globally through its Engine, Distribution, Components, Power Systems, and Accelera segments.
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