CAT · News · 20260903N

Power Generation and Data Centers

CATERPILLAR INC · 2026-09-03 · Importance 82 · Surprise 82

Third-party reporting describes unprecedented demand for Caterpillar power-generation equipment as AI data centers increase electricity requirements. Demand is reportedly shifting from backup-generation applications toward prime power, broadening the opportunity in the data-center market. Caterpillar’s backlog is described as more than 2.4 times the prior year’s revenue, with orders extending to 2030. The reports identify Power & Energy as a growing contributor to demand and emphasize multi-year order visibility.

Key facts

• Morningstar DBRS discontinued and withdrew its Issuer Rating of Caterpillar Inc., and the decision was not related to Caterpillar's credit profile but was due to business reasons announced on July 31, 2026. source
• Advisors Capital Management LLC purchased 68,734 shares of Caterpillar Inc. stock valued at approximately $73,196,000. source
• Caterpillar's stock was reported down 9.1% since its last earnings report. source
• Jim Cramer stated Caterpillar's valuation is 28 times earnings compared with its historical average of 16 times earnings. source