10 Best Hydrogen Stocks to Buy According to Billionaires

8. Cummins Inc. (NYSE:CMI)

Number of Billionaires: 7

Cummins Inc. (NYSE:CMI) is a global powerhouse in engine manufacturing and power solutions, serving industries like trucking, construction, mining, marine, and agriculture. Through its Accelera division, the company is also expanding into zero-emission technologies, including hydrogen production, battery systems, and electric powertrains.

Recently, the company announced that Nicole Y. Lamb-Hale will take over as Chief Administrative Officer and Corporate Secretary, starting June, following the retirement of Sharon Barner. In a strategic boost to its EV segment, Cummins Inc. (NYSE:CMI) signed a deal with Japan’s Isuzu Motors to supply integrated battery-electric powertrains for the next-gen F-series medium-duty trucks, expected to hit the North American market in 2027.

For FY2024, Cummins Inc. (NYSE:CMI) reported $34.1 billion in revenue and $3.95 billion in net income. Q4 revenue was flat at $8.45 billion, while net income came in at $418 million—a 48% drop from the previous quarter but up 437% year-over-year.

Analyst sentiment for the stock is mixed, with 61% maintaining a “Hold” rating. The median price target stands at $400, suggesting a 44% upside from current levels. Cummins Inc. (NYSE:CMI) remains one of the best hydrogen stocks to keep an eye on as it leans into clean tech while maintaining leadership in traditional power markets.