5 Best Hydrogen and Fuel Cell Stocks to Buy Now

3. Cummins Inc. (NYSE:CMI)

On April 20, 2026, Truist analyst Jamie Cook raised Cummins Inc. (NYSE:CMI )’s price objective to $730 from $703. It retained a Buy rating on the stock. Cook previewed first-quarter results for machinery and industrial names, claiming strengthening conditions after a three-year recession, citing a March U.S. Manufacturing PMI of 52.7, following strong readings in January and February. The analyst also stated that channel destocking has ended, and industrial and cyclical markets, such as construction, mining equipment, commercial vehicles, and semiconductors, are rebounding. However, she warned of risks from the Iran war.

On April 13, 2026, Wells Fargo lifted its price objective for Cummins Inc. (NYSE:CMI) to $693 from $630. It maintained an Overweight rating. The firm claimed an optimistic financial performance outlook, mentioning a supply-driven machinery recovery, broader non-residential development that extends into semiconductors, and improved cash conversion.

Cummins Inc. (NYSE:CMI) is a U.S.-based firm that designs, manufactures, and services diesel and natural gas engines, electric and hybrid powertrains, and related components. Its segments include Engine, Distribution, Components, Power Systems, and Accelera.