12 Best Manufacturing Stocks to Buy According to Hedge Funds

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9. Cummins Inc. (NYSE:CMI)

Number of Hedge Fund Holders: 53

Cummins Inc. (NYSE:CMI) is one of the best manufacturing stocks to buy according to hedge funds. On July 2, Cummins Inc. announced the launch of its new turbocharger specifically engineered for hydrogen internal combustion engines (H2 ICE). This marks a significant advancement for heavy-duty commercial on-highway applications in Europe.

Cummins Components and Software/CCS is a division of Cummins’ Components business segment and has already secured a contract to supply these H2 ICE turbochargers to a major European OEM. The H2 ICE turbocharger is designed to meet the increasing demand for efficient and sustainable solutions, supporting the transition to low-emission transportation.

It is specifically intended to power the first hydrogen internal combustion engine for heavy-duty on-highway applications in the European market. H2 ICE engine technology has been classified as zero-emission by the European Union/EU and is considered a promising bridge solution for reducing emissions. These H2 ICE engine platforms are also compliant with the upcoming Euro VII emission standards.

Cummins Inc. (NYSE:CMI) offers various power solutions worldwide. It operates through 5 segments: Engine, Distribution, Components, Power Systems, and Accelera.

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