Why Caterpillar (CAT) Is Becoming a Power Infrastructure Play Too

Caterpillar Inc. (NYSE:CAT) is one of the best stocks to buy for global infrastructure spending. The company’s latest infrastructure-related catalyst came on April 29, when ProPetro Holding Corp.’s PROPWR unit entered into a strategic framework agreement with Caterpillar to purchase up to 2.1 gigawatts of incremental power-generation assets by 2031. PROPWR agreed to buy at least 1.5 GW of added capacity, with the option to bring the total to about 2.1 GW over five years. Combined with roughly 550 megawatts previously ordered, PROPWR is positioned to deliver about 2.6 GW of power generation capacity by year-end 2031 and to be fully deployed in 2032.

The agreement supports Caterpillar’s role in infrastructure beyond heavy machinery, especially as data centers, oil and gas operations, and industrial customers require reliable on-site power. Caterpillar said the deal reflects demand from data centers and other energy-intensive applications, with the company supporting PROPWR through power generation technologies and global execution scale.

Caterpillar Inc. (NYSE:CAT) is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.

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