Cummins shares slide 2.02% and underperform competitors

8 articles · Updated · MarketWatch · May 1

The stock closed at $657.44 on Friday, as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
Cummins finished 2.57% below its 52-week high of $674.75, reached on 30 April.
Among peers, Caterpillar slipped 0.05%, Aptiv gained 0.38%, and Paccar fell 2.29%, leaving Cummins weaker than some rivals in a mixed market session.

Could a rebound in hydrogen demand or new regulations force Cummins to reverse its strategy, and what risks does this pose for investors?

With Cummins retreating from hydrogen, could the company's future hinge on diesel and hybrid technology despite global decarbonization goals?