Cummins Well Positioned as Truck Demand Improves, Power Backlog Extends Into 2028, Truist Says

MT Newswires Live06-19

Cummins (CMI) is well positioned for H2 of the year as North American truck demand improves and power systems demand remains strong, Truist Securities said in a note Thursday.

The brokerage said Cummins' backup power backlog extends into 2028 and noted the company plans to invest $450 million to expand high horsepower engine and generator capacity by 20 gigawatts by 2030.

Truist said heavy and medium duty truck markets are beginning to improve, supported by stronger freight demand and rising truck orders. The firm added that Cummins expects tariffs to be neutral to earnings before interest, taxes, depreciation, and amortization dollars in 2026, though margins could face a 20-30 basis point dilution.

The brokerage maintained its buy rating and $815 price target.

Price: 716.93, Change: -0.85, Percent Change: -0.12

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