Caterpillar Inc. (NYSE:CAT) is included among the 14 Best American Dividend Stocks to Invest in.
On March 9, Citi raised its price recommendation on Caterpillar Inc. (NYSE:CAT) to $785 from $760. It reiterated a Buy rating on the shares. The firm said the ConExpo construction trade show pointed to healthy demand trends, with a “significant pipeline of mega projects.” Citi also noted a positive outlook for the equipment rental space. The firm upgraded Terex and moved Alliance Laundry to its top sector pick. Analysts said they continue to see strong prospects for U.S. construction activity.
On March 10, Reuters reported that Atlas Energy had signed a deal with Caterpillar to secure about $840 million worth of power-generation equipment through 2029. The move is aimed at locking in manufacturing capacity as electricity demand in the US continues to rise. Power consumption in the U.S. is expected to increase sharply this year and next. The growth is tied to the rapid expansion of artificial intelligence and cryptocurrency data centers, along with the rising electrification of heating and transportation.
Atlas said the agreement covers roughly 1.4 gigawatts (GW) of incremental natural gas power generation assets scheduled for delivery between 2027 and 2029. The new capacity will come from large-load reciprocating generator sets. These include CG260-16 units designed for behind-the-meter (BTM) installations and G3520 series units that can support both BTM and bridge-power applications. Atlas expects to own and operate about 2 GW of power generation assets by 2030, following the deployment of equipment secured under the agreement.
Caterpillar Inc. (NYSE:CAT) manufactures construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its business is organized into three main segments: Construction Industries, Resource Industries, and Power & Energy. The company also offers financing and related services through its Financial Products segment.
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