) Power Generation segment introduced a new range of generator
sets that can run on natural gas or liquid propane. These sets
are suitable for residential and light commercial operations.
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The 22kW to 60kW QuietConnect and PowerConnect generators are in
line with the current emissions standards and offer fuel
efficiency. They are also easy to install and noise free, which
makes them appropriate for homeowners and businesses.
The Connect generators feature Cummins QSJ2.4 engine, which
ensures superior performance and dependability. Cummins has
designed the generators in a manner that they can even function
under extreme temperatures and at high altitudes. They can also
withstand winds up to 150 mph.
In addition to the Connect generators, Cummins has also
introduced the RA series 100A and 200A transfer switch and
PowerCommand 500, the newest remote monitoring gadget used in
residential and business applications. The QuietConnect and
PowerConnect generators are equipped with both transfer switches
and remote monitoring devices, which provide secure and
dependable movement of power between sources.
Cummins is a leading worldwide designer, manufacturer and
distributor of diesel and natural gas engines, electric power
generation systems, and engine-related components, fuel systems,
controls and air handling systems. Its products provide high
quality, reliable backup power to a range of businesses including
hospitals, data centers, airlines and grocery stores. Currently,
CMI retains a Zacks Rank #3 (Hold).
Cummins posted net earnings of $362 million or $1.94 per share
(excluding special items) in the third quarter of 2013, lagging
the Zacks Consensus Estimate of $2.10 per share. However,
earnings increased from $336 million or $1.78 per share in the
comparable year-ago quarter.
Revenues in the quarter rose nearly 4% year over year to $4.3
billion, mainly driven by strong demand in North America.
Revenues were in line with the Zacks Consensus Estimate.
Other stocks that are performing well in the industry include
Tower International, Inc.
). All three companies carry a Zacks Rank #1 (Strong Buy).