Caterpillar Is Taking Engine, Turbine Orders for Far Out as 2030 -- Market Talk
Dow Jones2026/10/29 13:380938 ET - Caterpillar's power-and-energy division is taking orders for as far out as 2030, CEO Joe Creed says on a call with analysts. The AI boom continues to drive demand for Caterpillar's large reciprocating engines and turbines, with the company now taking some large reciprocating engine orders into 2029 and turbine orders into 2030. "Backlog continues to grow due to strong order rates," Creed says. "We continue to anticipate full-year growth in power generation...driven by increasing energy demand to support the data-center buildout related to cloud computing and generative AI." Caterpillar sinks 10% after posting lower-than-expected 3Q revenue. (connor.hart@wsj.com)
(END) Dow Jones Newswires
October 29, 2026 09:38 ET (13:38 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nikkei 225 Rises 1.6% During Trading, Reaching 58,860.59 Points
MSCI Asia Pacific Index rises 1.3%
New Zealand’s governing coalition holds slim majority in preliminary count
Goldman Sachs analyzes the SpaceX (SPCX.US) index effect: valuation, volatility, and concentration are almost “insensitive”
Goldman Sachs stated that despite significant market concerns on the eve of SpaceX's record-breaking IPO, the stock’s increasing weight in major indexes has had little impact on index valuations and performance.
Crypto prices
More
