uploads///Part  IND Cummins

Cummins Introduced a New Diesel Generator Series


Nov. 12 2018, Updated 9:40 a.m. ET

New diesel generators

In a press release on November 9, Cummins (CMI) announced that it would display the new QSG12 50 HZ diesel generator series at the MATELEC show in Madrid, Spain. The show will be held on November 13–16. Cummins will introduce two new models—C400D5 and C450D5. These models will be powered by Cummins’ four-cycle, inline, six-cylinder dual speed engine.

The new variants are more fuel efficient and have higher power density. The new product includes extended service intervals of 500 hours, which will reduce the maintenance cost. The new generators are able to start at -12 degrees Celcius without any help.

Article continues below advertisement

Ignacio Gonzalez, Cummins’ Executive Director of Power Systems Greater Europe, said, “This product series includes many design and performance improvements and it is a definitive step forward for us. In addition to the robust performance and fuel efficiency offering, Cummins customers can depend on comprehensive warranty and worldwide distributor network, making this series a perfect fit for global standby and prime power applications.”

Stock price update

Cummins ended the week on a positive note with marginal gains. The stock gained 0.9% and closed at $143.07 for the week ending November 9. The gain helped the stock to trade 1.5% above the 100-day moving average price of $141.00. Cummins’ 100-day moving average price has fallen from ~$174.00 to the current levels.

On a year-to-date basis, the stock has fallen 19%. Caterpillar (CAT), CNH Industrial (CNHI), and Illinois Tool Works (ITW) have fallen 19.5%, 25.1%, and 20.5%, respectively. Cummins’ 14-day relative strength index of 52 indicates that the stock isn’t overbought or oversold.

Investors could hold Cummins indirectly through the Invesco S&P 500® Equal Weight Industrials ETF (RGI), which had 2.0% of its portfolio invested in Cummins as of November 9.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.