STOCK TITAN

Cummins Inc - CMI STOCK NEWS

Welcome to our dedicated page for Cummins news (Ticker: CMI), a resource for investors and traders seeking the latest updates and insights on Cummins stock.

Overview of Cummins Inc.

Cummins Inc. (NYSE: CMI) is a globally renowned power technology leader, headquartered in Columbus, Indiana, USA. The company designs, manufactures, distributes, and services a comprehensive range of power solutions, including diesel and natural gas engines, powertrain components, emission control systems, fuel systems, and electrical power generation systems. With operations in approximately 190 countries and territories through a vast network of 600 company-owned and independent distributor locations and 7,200 dealer locations, Cummins has established itself as a cornerstone in powering industries worldwide.

Core Business Areas

Cummins operates across a range of complementary business segments that cater to diverse industries such as transportation, construction, agriculture, defense, and energy. Its product portfolio includes:

  • Engines: High-performance diesel and natural gas engines used in commercial trucks, off-highway machinery, and locomotives.
  • Powertrain Components: Turbochargers, transmissions, aftertreatment systems, and fuel systems that enhance vehicle efficiency and performance.
  • Power Generation: Standby and prime power generators, microgrid solutions, and energy storage systems for industrial and commercial use.
  • Electrification and Zero-Emissions Solutions: Through its Accelera™ by Cummins brand, the company develops hydrogen fuel cells, electrolyzers, and battery-electric power systems to support the global energy transition.

Commitment to Sustainability

Cummins is at the forefront of addressing climate change through its ambitious PLANET 2050 environmental sustainability strategy and Destination Zero initiative. The company has set bold goals to reduce greenhouse gas emissions, improve energy efficiency, and transition to zero-emissions technologies. Notable achievements include:

  • A 31% reduction in absolute greenhouse gas emissions from facilities compared to 2018 levels.
  • Development of fuel-agnostic engine platforms and green hydrogen production technologies.
  • Innovative projects like waterborne paint transitions and energy-efficient manufacturing upgrades to reduce VOC emissions and operational waste.

These efforts underscore Cummins' dual mission: enabling customer success while contributing to a more sustainable and prosperous world.

Competitive Positioning

Cummins competes in a dynamic marketplace where it often faces competition from its own customers, such as heavy-duty truck manufacturers that produce their own engines. Despite this, the company maintains a strong competitive edge through:

  • Diversified Portfolio: Its broad range of products ensures it can meet the unique needs of various industries and applications.
  • Technological Innovation: Cummins invests heavily in R&D, focusing on both improving traditional technologies and pioneering zero-emissions solutions.
  • Global Reach: A robust distribution network and strong customer relationships across 190 countries solidify its market presence.

Future Outlook

Cummins is strategically positioned to navigate the energy transition while continuing to grow its core business. By embracing a technology-neutral approach, the company offers solutions tailored to the diverse needs of its customers, from advanced diesel engines to hydrogen-powered systems. Its investments in innovation, sustainability, and global partnerships ensure it remains a key player in the evolving power technology landscape.

Why Cummins Matters

As industries worldwide grapple with the dual challenges of meeting operational demands and achieving sustainability goals, Cummins stands out as a trusted partner. Its expertise, global presence, and commitment to innovation make it a pivotal force in powering the future of transportation, energy, and industrial applications.

Rhea-AI Summary

Cummins (NYSE: CMI), in partnership with Iberdrola, announced plans for a significant electrolyzer plant in Castilla-La Mancha, Spain, marking a major investment in green hydrogen production. This €50 million facility aims for an initial capacity of 500 MW/year, scalable to over 1 GW/year, creating 350 jobs. The collaboration supports the green hydrogen value chain in Iberia, positioning Cummins as a leader in electrolyzer systems. The project aligns with the EU's Green Deal and is expected to enhance Spain's energy independence and economic growth while promoting sustainable practices.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
-
Rhea-AI Summary

Cummins and Iberdrola are set to unveil their collaboration aimed at advancing the hydrogen sector and electrolyzer market in Spain. The announcement is scheduled for May 24 at 12:00 pm GMT+2 in Toledo. This partnership intends to establish Spain as a leader in hydrogen technology within Europe. Key figures participating include Tom Linebarger from Cummins and Ignacio Galán from Iberdrola, alongside notable government officials. A live broadcast will be available via Iberdrola's Facebook page.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
-
Rhea-AI Summary

Cummins Inc. (NYSE: CMI) has launched two new natural gas generator sets, the C1000N6B and C1300N6, designed for peaking and standby power applications. These models comply with NFPA 110 standards and include features such as a Cummins PowerCommand 3.3 controller, weather-protective enclosures, and high sound attenuation. The generators are built on the proven QSK60G platform, known for reliability and 100% block load acceptance. Customers can find local distributors through Cummins' extensive global network.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
none
Rhea-AI Summary

The Board of Directors of Cummins declared a quarterly cash dividend of $1.35 per share, payable on June 3, 2021, to shareholders of record on May 21, 2021. In 2020, Cummins reported earnings of approximately $1.8 billion on $19.8 billion in sales. The company specializes in power solutions including diesel, natural gas, and electric powertrains. Cummins emphasizes its commitment to corporate responsibility through education, environment, and equality initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.69%
Tags
dividends
-
Rhea-AI Summary

Cummins Inc. (NYSE: CMI) has elected Carla Harris to its Board of Directors. With over 30 years at Morgan Stanley, Harris has expertise in investment banking, equity capital markets, and IPOs across several industries. Notably, she executed significant IPOs, including for UPS and Immunex Corporation. Chairman Tom Linebarger expressed optimism about leveraging Harris' extensive experience to enhance Cummins' strategic direction. Harris has received numerous accolades and also serves on the board of Walmart Inc. and several nonprofits. Cummins continues to focus on providing diverse power solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
Tags
management
-
Rhea-AI Summary

Cummins and KBR have signed a memorandum of understanding (MoU) to collaborate on producing green ammonia from renewable sources. This partnership aims to provide integrated solutions, leveraging Cummins' expertise in PEM electrolysis and KBR's ammonia technologies. The collaboration intends to deliver significant capital and operational savings for clients while contributing to decarbonization. Cummins is scaling its technology for projects exceeding 250 megawatts, and both companies are focused on supporting corporate ESG initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
none
Rhea-AI Summary

Cummins reported strong first quarter 2021 results, with revenues of $6.1 billion, a 22 percent increase from 2020. North American sales rose 7 percent, while international revenue jumped 45 percent. EBITDA reached $980 million, though the EBITDA margin decreased to 16.1 percent. Cummins raised its 2021 revenue guidance to 20-24 percent and aims to return 75 percent of cash flow to shareholders through dividends and repurchases. However, supply chain challenges, particularly semiconductor shortages, remain a concern for fulfilling demand.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
none
-
Rhea-AI Summary

Cummins Inc. (CMI) and Tula Technology announced a study showcasing Tula’s diesel Dynamic Skip Fire (dDSF™) technology that significantly reduces nitrogen oxides (NOx) and carbon dioxide (CO2) emissions. The study revealed a 74% reduction in NOx and 5% reduction in CO2 emissions compared to current clean diesel technologies. Additionally, the technology demonstrated a 20% fuel savings during engine operations. This advancement supports Cummins’ goal to meet stringent future NOx emissions regulations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
none
-
Rhea-AI Summary

Cummins Inc. (NYSE: CMI) Chairman and CEO, Tom Linebarger, affirmed the company's commitment to voting rights, emphasizing the need for accessibility to the voting process. He condemned efforts to restrict voting access as discriminatory and called for active support from businesses and leaders to promote inclusivity. Linebarger highlighted Cummins' historical advocacy for equity, referencing the company’s past support of civil rights movements. Cummins remains dedicated to ensuring voting becomes accessible for all citizens, reinforcing the principle that a strong democracy relies on broad civic engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

One Network Enterprises announced that Cummins Inc (NYSE: CMI) has successfully implemented its One Network Platform to enhance supply chain management. The new platform incorporates attribute-based forecasting and multi-tier inventory optimization, aimed at improving real-time visibility across Cummins' European Aftermarket operations. This system enables Cummins to proactively identify and resolve potential issues, fostering better collaboration and execution capabilities. The platform addresses challenges in the automotive industry, including complex cost control and the need for greater demand visibility.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
none

FAQ

What is the current stock price of Cummins (CMI)?

The current stock price of Cummins (CMI) is $315.36 as of April 1, 2025.

What is the market cap of Cummins (CMI)?

The market cap of Cummins (CMI) is approximately 43.3B.

What does Cummins Inc. specialize in?

Cummins specializes in designing, manufacturing, and servicing power solutions, including diesel and natural gas engines, powertrain components, and zero-emissions technologies.

How does Cummins generate revenue?

Cummins generates revenue through the sale of power systems, components, and services, including engines, filtration systems, and emerging green technologies like hydrogen fuel cells.

What is the PLANET 2050 strategy?

PLANET 2050 is Cummins' environmental sustainability strategy aimed at reducing greenhouse gas emissions, improving energy efficiency, and achieving carbon neutrality by 2050.

How is Cummins addressing the energy transition?

Cummins is investing in a broad portfolio of zero-emissions technologies, including hydrogen fuel cells, electrolyzers, and battery-electric systems, while improving traditional engine efficiency.

Who are Cummins' main competitors?

Cummins competes with heavy-duty truck manufacturers that produce their own engines, as well as other power solution providers in the industrial and energy sectors.

What industries does Cummins serve?

Cummins serves industries like transportation, construction, agriculture, defense, and energy, providing tailored power solutions for diverse applications.

What is Accelera™ by Cummins?

Accelera™ by Cummins is the company's brand dedicated to zero-emissions technologies, including hydrogen fuel cells, electrolyzers, and battery-electric systems.

How does Cummins support sustainability in manufacturing?

Cummins implements energy-efficient manufacturing processes, reduces VOC emissions, and transitions to sustainable materials like waterborne paints to lower its environmental impact.

What makes Cummins unique in the power technology industry?

Cummins' unique combination of a diversified product portfolio, global reach, and commitment to sustainability positions it as a leader in both traditional and emerging power technologies.

Where is Cummins headquartered?

Cummins is headquartered in Columbus, Indiana, USA, and operates in approximately 190 countries worldwide.
Cummins Inc

NYSE:CMI

CMI Rankings

CMI Stock Data

43.30B
136.77M
0.42%
87.11%
1.14%
Specialty Industrial Machinery
Engines & Turbines
Link
United States
COLUMBUS