Goldman Sachs Solar and Green Energy Stocks: Top 5 Stock Picks

3. Cummins Inc. (NYSE:CMI)

Goldman Sachs’ Stake Value: $345.09 million 

On February 10, 2026, Argus analyst Bill Selesky boosted Cummins Inc. (NYSE:CMI) ‘s price objective to $696 from $573, retaining a Buy rating. The analyst said that truck and machinery makers have solid long-term demand, which is being driven in part by infrastructure expansion in developing areas. Argus forecasts the firm’s Power Segment to continue growing, and the business will manage tariff expenses and trade disruptions.

On February 5, 2026, Reuters reported that Cummins Inc. (NYSE:CMI) generated $8.54 billion in fourth-quarter revenue, a 1% rise year on year. The corporation’s profitability was driven by strong demand in the power-generating systems and distribution segments, while softer North American truck demand hampered its engine and components businesses. Power Systems, which manufactures generators, gained revenues by 11% year on year, while Distribution, which provides global service, sales, and support, raised revenue by 7%. Accelera Innovations Inc., the clean-energy division, increased revenue by 31% during the quarter. Despite the sales growth, the stock sank nearly 9% in morning trading.

Cummins Inc. (NYSE:CMI) announced a quarterly profit of $4.27 per share, a 41% increase over the previous year, which included $1.54 per share in charges related to Accelera Innovations Inc.’s strategic evaluation. The company reported a $218 million charge for the segment’s electrolyzer unit. CEO Jennifer Rumsey said the firm expects to see slightly increased North American truck demand in the second half of 2026, as well as sustained solid demand for data center backup power. CFO Mark Smith noted that the existing tariff system will result in around 50 basis points of annual margin dilution, while the company expects sales growth of 3% to 8% for 2026.

Cummins Inc. (NYSE:CMI) designs, manufactures, and distributes diesel, natural gas, electric, and hybrid powertrains, as well as powertrain-related components. It functions in the following segments: Engine, Distribution, Components, Power Systems, and Accelera.