CMI

SHACMAN Group held its 2026 Global Partnership Conference in Xi'an with 1,800+ attendees from nearly 100 countries. The company announced strong international sales growth and unveiled the SHACMAN PowerCore brand—a unified powertrain solution developed with Weichai Power, Cummins, FAST, and HanDe Axle covering diesel, natural gas, electric, hybrid, and hydrogen technologies.

SHACMAN also launched its 'transporte' full-lifecycle solution for new energy transport and achieved EU WVTA certification for its X6000 models. The company has exported over 450,000 vehicles to 160+ countries.

As AI stocks experience a selloff, Zacks highlights three non-AI stocks with strong fundamentals and growth potential: Cummins (engine/powertrain manufacturer benefiting from data center boom), Argenx (biotech with blockbuster autoimmune drug Vyvgart expanding to new indications), and PACCAR (commercial truck manufacturer with 87 years of profitability). All three are trading at discounts from recent highs with positive earnings outlooks.

While AI stocks experienced a selloff, three non-AI companies present attractive long-term investment opportunities: Cummins (CMI), a historic engine manufacturer benefiting from data center demand and trading 29% below summer highs; Argenx (ARGX), a biotech firm with its blockbuster autoimmune drug Vyvgart expanding to new indications; and PACCAR (PCAR), a truck manufacturer positioned to benefit from fleet refreshes and constrained freight capacity.

Generac Holdings maintains its $350 million 2026 free cash flow forecast while increasing capital spending to 4.5% of sales to expand production capacity for its booming data center business. The company has secured $1.6 billion in data center backlog and two multi-year supply agreements, with capital investments expected to pay back in under 12 months. Competitors Caterpillar and Cummins are also benefiting from strong data center power demand.

Cummins (CMI) has returned 1.4% year-to-date, significantly outperforming the Auto-Tires-Trucks sector average decline of 12.9%. With a Zacks Rank #2 (Buy) and a 2.7% increase in consensus earnings estimates over the past quarter, CMI shows stronger earnings outlook. Fox Factory Holding (FOXF) also outperformed with 8.8% returns and a Zacks Rank #1 (Strong Buy), though it operates in a weaker-performing industry.

Generac Holdings (GNRC) reported 29% C&I sales growth driven by data center demand, securing $700M in multiyear hyperscale supply deals and projecting $450M in 2026 data center revenues. However, tariff volatility, unfavorable product mix, and lower C&I margins pose risks to profitability. Competitors Caterpillar and Cummins are also capitalizing on strong data center power demand.

Cummins Inc. (CMI) is featured as a stock to watch with a #3 (Hold) Zacks Rank and an A-rated VGM Score. The company demonstrates strong growth potential with a Growth Style Score of A and forecasted year-over-year earnings growth of 25.2% for the current fiscal year. Four analysts revised earnings estimates upward in the last 60 days, with the consensus estimate increasing to $29.78 per share.

The global generator cooling systems market is projected to grow from USD 3.76 billion in 2026 to USD 5.03 billion by 2031 at a 6.0% CAGR. Growth is driven by rising demand for reliable backup power, data center expansion, and advancements in thermal management.

Asia Pacific leads the market, while liquid-cooled systems dominate with 64.7% market share. Key players are investing in manufacturing capacity and product innovation.