Cummins – An Unappreciated New Direction?
SummaryThere is a change in Cummins Inc. (NYSE:CMI) (CMI or the Group) business direction from diesel engines to electric and hybrid powertrains. This would give CMI a different growth trajectory.Q2 2021 hedge fund letters, conferences and more The powertrain market is a much bigger market than that for diesel engines or generators. This would provide CMI a longer return and growth runway.CMI is fundamentally strong would a good track record of revenue and earnings growth. Over the past decade, it had performed better than average compared to its peers.I valued CMI at USD 301 per share based o...