Cummins Inc. (CMI) is going through significant movements, recently experiencing an updated short interest and included amongst the highest conviction stocks by Morgan Stanley. CMI is performing well in the market; however, insider selling triggers concerns. It has released an exchange offer for the separation of
Atmus Filtration Technologies Inc., received a $75 million grant from the Department of Energy, and increased its dividend. The company also unveiled next-generation
X15 diesel engine, which is expected to meet 2027 regulations. The separation of Atmus Filtration Technologies seems to be a major play, with numerous transactions and anticipated results associated with it. Accelera by Cummins is launching next-gen hydrogen and electric solutions for commercial vehicles, spearheading innovation. The company is facing an investigation, initiated by former attorney generals.
Cummins sustained strong Q2 2024 results but was hit by an emissions-rigging fine that significantly impacted its Q4 earnings. Despite challenges, CMI is experiencing high demand and its shares are outperforming the market.
Cummins CMI News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Mon, 02 Sep 2024 00:13:53 GMT -
Rating 5
- Innovation 5
- Information 7
- Rumor -6
