Cummins: Well Positioned For The Growing Green Hydrogen Market (NYSE:CMI)

Vanit Janthra A year ago, I contributed a SA article about Cummins (NYSE:CMI) in which I said: “a) Cummins has an axle in the old world of fossil fuels and another in the new world of green energy, b) Its leadership and alliances should help ensure that they and their customers can make the transition, c) The company’s strong financial condition and low P/E point to a stock worthy of consideration.” Against this, the company’s stock has come through a tough 2022 in stellar form. Year-to-date, it’s up 8% against the Dow, S&P, and NASDAQ that are down 9%, 19%, and 32%, respectively. That’s alpha: Data by YCharts Circular Hydrogen Energy Water and power are the fundamental inputs to, and outputs from, versatile and sustainable hydrogen energy. Optimally, on the input side, electrolyzers – powered by wind turbines or solar panels – separate “green hydrogen” from oxygen…

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