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Cummins (CMI) to Power GILLIG's Buses With Electric Energy
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Cummins Inc. (CMI - Free Report) reported new power partnership with GILLIG LLC at the American Public Transportation Association (“APTA”) show in Atlanta. The partnership will focus on combining and modifying new battery electric technology developed by the former and to be used for the latter’s zero-emission transit buses.
The new electrified bus power systems will be introduced on Oct 10 at the Cummins APTA booth.
The initial plan is to develop a new battery electric technology for GILLIG buses, having an operating range of 200-miles on a single charge. Additionally, the buses will have direct-drive traction motor and will use energy derived from the regenerative braking system. Initially, the deployed buses will have a single plug-in charger.
Apart from technical features, Cummins will offer a full range of 24/7 service support, diagnostics, flexible warranty plans and training programs for the buses.
Currently, Cummins powers GILLIG’s Low Floor, BRT, BRTPlus, Commuter and Trolley buses, powered with a clean-diesel, near-zero natural gas and diesel-hybrid combustion engines.
Addition of electrified power systems will be in line with the transit customers aim to introduce buses with zero-emissions in their fleets while continuing with their existing GILLIG vehicles.
Price Performance
Shares of Cummins have surged 25.7% year to date, significantly outperforming the industry’s 17.4% rally.
Toyota has an expected long-term earnings growth rate of 7%.
Daimler has an expected long-term earnings growth rate of 2.8%.
Westport Fuel has an expected long-term earnings growth rate of 30%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Cummins (CMI) to Power GILLIG's Buses With Electric Energy
Cummins Inc. (CMI - Free Report) reported new power partnership with GILLIG LLC at the American Public Transportation Association (“APTA”) show in Atlanta. The partnership will focus on combining and modifying new battery electric technology developed by the former and to be used for the latter’s zero-emission transit buses.
The new electrified bus power systems will be introduced on Oct 10 at the Cummins APTA booth.
The initial plan is to develop a new battery electric technology for GILLIG buses, having an operating range of 200-miles on a single charge. Additionally, the buses will have direct-drive traction motor and will use energy derived from the regenerative braking system. Initially, the deployed buses will have a single plug-in charger.
Cummins Inc. Price and Consensus
Cummins Inc. Price and Consensus | Cummins Inc. Quote
Apart from technical features, Cummins will offer a full range of 24/7 service support, diagnostics, flexible warranty plans and training programs for the buses.
Currently, Cummins powers GILLIG’s Low Floor, BRT, BRTPlus, Commuter and Trolley buses, powered with a clean-diesel, near-zero natural gas and diesel-hybrid combustion engines.
Addition of electrified power systems will be in line with the transit customers aim to introduce buses with zero-emissions in their fleets while continuing with their existing GILLIG vehicles.
Price Performance
Shares of Cummins have surged 25.7% year to date, significantly outperforming the industry’s 17.4% rally.
Zacks Rank & Other Key Picks
Cummins carries a Zacks Rank# 2 (Buy).
Some other top-ranked auto stocks are Toyota Motor Corporation (TM - Free Report) , Daimler AG and Westport Fuel Systems Inc. (WPRT - Free Report) . Toyota sports a Zacks Rank #1 (Strong Buy), whereas Daimler and Westport Fuel hold a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Toyota has an expected long-term earnings growth rate of 7%.
Daimler has an expected long-term earnings growth rate of 2.8%.
Westport Fuel has an expected long-term earnings growth rate of 30%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>