Cummins Inc. (NYSE: CMI) is acquiring businesses, forming partnerships and investing research dollars into a future hydrogen economy. Its across-the-board bets cover fuel cells for trains, ships and trucks – and the hydrogen fuel to power them.
The global leader in diesel engines recently formed a New Power unit as a home for its growing portfolio. The unit lost $38 million before interest, taxes, depreciation and amortization (EBITDA) in the second quarter on $10 million in revenue. But like...
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