6 Best Railroad Stocks to Buy Right Now

3. Westinghouse Air Brake Technologies Corporation (NYSE:WAB)

Number of Hedge Fund Holders: 68

Upside Potential as of August 29: 14.89%

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is one of the best railroad stocks to buy right now. On August 27, 2025, Wabtec (trade name for Westinghouse Air Brake Technologies Corporation) unveiled the EVO Advantage, a next-generation upgrade to its Evolution Series locomotive engine, marking 20 years of EVO innovation and a decade of Tier 4 compliance.

Powered by breakthrough eTurbo technology, the EVO Advantage delivers up to 7% fuel savings by converting exhaust energy into traction power—an advancement that builds on Wabtec’s legacy of emission-driven engineering and performance. With over 10,000 EVO engines and nearly 1,200 Tier 4 units in operation, the company continues to lead the freight locomotive market.

The EVO Advantage system, currently undergoing field testing, integrates seamlessly into existing Tier 3 and Tier 4 locomotives. It features a compact turbo alternator design, including a carbon fiber sleeve that enables efficient packaging without sacrificing durability. Wabtec’s commitment to innovation has consistently set it apart from competitors, offering solutions that meet regulatory standards while enhancing fuel efficiency and reliability. As Jim Gamble, VP of Engines and Power Solutions, noted, “Our destination lies ahead—and our innovations will ensure we all get there more safely, efficiently, and reliably.”

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) designs, manufactures, and services equipment, systems, and digital solutions for the global rail and transit industries. It provides value-added products and services for freight, transit, mining, and industrial markets, focusing on enhancing the safety, efficiency, and productivity of transportation through technological innovation and digital transformation.