Latest news with #HydrogenStocks
Yahoo
6 days ago
- Automotive
- Yahoo
Westport Declares Closing of Previously Announced Light-Duty Segment Divestiture
Westport Fuel Systems Inc. (NASDAQ:WPRT) is among the 11 Best Hydrogen Stocks to Invest in Now. Westport Fuel Systems Inc. (NASDAQ:WPRT) has successfully sold its Light-Duty Segment for $79.5 million to Heliaca Investments, a Netherlands-based company that is fully controlled by Ramphastos Investments. The purchase, which was first announced on March 31, 2025, includes Westport Fuel Systems Italia S.r.l. and covers Light-Duty OEM, delayed OEM, and aftermarket operations. Performance milestones might result in earnouts of up to $3.9 million. Photo by Possessed Photography on Unsplash According to CEO Dan Sceli, the divestiture improves the balance sheet and refocuses attention on high-horsepower and heavy-duty applications that use LNG, CNG, and other fuel-agnostic systems. Westport Fuel Systems Inc. (NASDAQ:WPRT), a provider of low-emissions transportation systems for hydrogen, RNG, and natural gas, will put a focus on technological leadership, market expansion, and operational efficiency as part of its 'New Westport' strategy. The corporation has started an internal process to optimize the financial gains from the sale. It is among the Best Hydrogen Stocks. While we acknowledge the potential of WPRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Automotive
- Yahoo
Citi Raises Cummins' Price Target
Cummins Inc. (NYSE:CMI) is among the 11 Best Hydrogen Stocks to Invest in Now. Citi reiterated its Buy recommendation on August 6 and increased its price objective for Cummins Inc. (NYSE:CMI) from $380 to $425. Citi raised projections and highlighted the stock's present price as appealing to investors in response to the company's Q2 results, which preceded the increase. Photo by Possessed Photography on Unsplash Cummins Inc. (NYSE:CMI) reported a 2% drop in revenue during the second quarter but an excellent 18% increase in EBITDA. The company's data center solutions displayed exceptional success, which helped to overcome a worsening forecast for its core truck business. Tariff consequences appear to be minor for the time being. The firm has decades of experience and industry leadership in diesel engines, particularly for medium- and heavy-duty trucks. The business has expanded its skills in additional heavy vehicle components throughout time, including drivetrains, brakes, and emissions systems. Cummins Inc. (NYSE:CMI) produces engines and generators for a range of industries, and the quickly growing data center market is driving up demand for its products. It is among the Best Hydrogen Stocks. While we acknowledge the potential of CMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Yahoo
13-08-2025
- Automotive
- Yahoo
Citi Raises Cummins' Price Target
Cummins Inc. (NYSE:CMI) is among the 11 Best Hydrogen Stocks to Invest in Now. Citi reiterated its Buy recommendation on August 6 and increased its price objective for Cummins Inc. (NYSE:CMI) from $380 to $425. Citi raised projections and highlighted the stock's present price as appealing to investors in response to the company's Q2 results, which preceded the increase. Photo by Possessed Photography on Unsplash Cummins Inc. (NYSE:CMI) reported a 2% drop in revenue during the second quarter but an excellent 18% increase in EBITDA. The company's data center solutions displayed exceptional success, which helped to overcome a worsening forecast for its core truck business. Tariff consequences appear to be minor for the time being. The firm has decades of experience and industry leadership in diesel engines, particularly for medium- and heavy-duty trucks. The business has expanded its skills in additional heavy vehicle components throughout time, including drivetrains, brakes, and emissions systems. Cummins Inc. (NYSE:CMI) produces engines and generators for a range of industries, and the quickly growing data center market is driving up demand for its products. It is among the Best Hydrogen Stocks. While we acknowledge the potential of CMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
