Cummins rises as Circe Energy data-center power deal spotlights AI-linked demand

Cummins Inc. (CMI) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is a newly announced supply agreement tied to powering an AI/HPC data center campus in West Texas, reinforcing investor enthusiasm around the fast-growing market for on-site (behind-the-meter) data center generation. The move also appears supported by recent bullish sentiment following Cummins’ raised 2026 outlook, which highlighted sustained demand for data center power solutions.

Details:

Cummins announced an agreement with Circe Energy to supply natural gas generator sets for a scalable, behind-the-meter prime-power microgrid supporting a High-Performance Computing data center project in Texas.

The announced configuration includes Cummins’ HSK78 and QSK60 generator set platforms, positioning the company as a key equipment provider for large, power-intensive AI infrastructure.

In its May 2026 results materials, Cummins raised full-year 2026 guidance (revenue growth and EBITDA margin range), citing strengthening demand across markets including power generation and data center backup power.

This combination of a tangible contract win plus a previously upgraded outlook likely helped reassure investors that the data-center power theme is translating into orders and forward visibility.

Sources:

Business Wire, Cummins (SEC filing), Investing.com, Power Engineering

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CMI Insider Trading Activity

$CMI insiders have traded $CMI stock on the open market 35 times in the past 6 months. Of those trades, 0 have been purchases and 35 have been sales.

Here’s a breakdown of recent trading of $CMI stock by insiders over the last 6 months:

WILLIAM I MILLER has made 0 purchases and 9 sales selling 18,107 shares for an estimated $10,811,645.
JENNIFER MARY BUSH (VP & Pres. - Power Systems) has made 0 purchases and 9 sales selling 9,270 shares for an estimated $5,978,723.
AMY ROCHELLE DAVIS (VP & Pres. - Accelera and Com) has made 0 purchases and 10 sales selling 5,918 shares for an estimated $3,369,194.
DONALD G JACKSON (VP - Treasury & Tax) has made 0 purchases and 4 sales selling 2,330 shares for an estimated $1,479,175.
EARL NEWSOME (VP - Chief Information Officer) has made 0 purchases and 2 sales selling 1,300 shares for an estimated $758,776.
BONNIE J FETCH (EVP & President - Operations) sold 642 shares for an estimated $451,685

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CMI Hedge Fund Activity

We have seen 872 institutional investors add shares of $CMI stock to their portfolio, and 876 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 2,432,356 shares (-98.9%) from their portfolio in Q1 2026, for an estimated $1,308,656,175
AMERIPRISE FINANCIAL INC removed 686,669 shares (-64.2%) from their portfolio in Q1 2026, for an estimated $369,441,655
CITADEL ADVISORS LLC removed 658,888 shares (-72.8%) from their portfolio in Q1 2026, for an estimated $354,494,921
PRICE T ROWE ASSOCIATES INC /MD/ removed 586,512 shares (-59.8%) from their portfolio in Q1 2026, for an estimated $315,555,186
SG AMERICAS SECURITIES, LLC added 530,812 shares (+257.9%) to their portfolio in Q1 2026, for an estimated $285,587,472
ROYAL BANK OF CANADA removed 465,316 shares (-30.0%) from their portfolio in Q1 2026, for an estimated $250,349,314
JPMORGAN CHASE & CO removed 425,529 shares (-38.5%) from their portfolio in Q4 2025, for an estimated $217,211,278

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CMI Government Contracts

We have seen $21,846,925 of award payments to $CMI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

DELIVERY ORDER FOR A QUANTITY OF 64 EACH, V903 M109 675 HP NEW ENGINES.: $10,894,784
CGC CIMMARON REPLACEMENT CUMMINS ENGINES: $468,106
CUMMINS RUGGED MOBILE POWER 1070 60KW GENERATORS: $205,130
PREVENTIVE MAINTENANCE AND REPAIR OF EMERGENCY BACKUP GENERATORS: $85,483
PROJECT 25Z5AF4- EMERGENCY GENERATOR REPAIR TO ENSURE CONTINUOUS STANDBY POWER TO THE INSTITUTION: $64,475

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$CMI Congressional Stock Trading

Members of Congress have traded $CMI stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CMI stock by members of Congress over the last 6 months:

REPRESENTATIVE JARED MOSKOWITZ sold up to $15,000 on 03/31.
REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 02/05.
REPRESENTATIVE JULIA LETLOW purchased up to $15,000 on 02/04.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CMI Analyst Ratings

Wall Street analysts have issued reports on $CMI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/13/2026

To track analyst ratings and price targets for $CMI, check out Quiver Quantitative's $CMI forecast page.

$CMI Price Targets

Multiple analysts have issued price targets for $CMI recently. We have seen 10 analysts offer price targets for $CMI in the last 6 months, with a median target of $756.0.

Here are some recent targets:

Steven Fisher from UBS set a target price of $850.0 on 06/08/2026
John Eade from Argus Research set a target price of $770.0 on 06/01/2026
Tim Thein from Raymond James set a target price of $745.0 on 05/26/2026
Adam Seiden from Barclays set a target price of $760.0 on 05/07/2026
Jerry Revich from Wells Fargo set a target price of $794.0 on 05/06/2026
Angel Castillo from Morgan Stanley set a target price of $752.0 on 05/06/2026
Kyle Menges from Citigroup set a target price of $770.0 on 05/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.