Caterpillar Expects AI-Driven Power and Energy Demand to Continue -- Market Talk

Dow Jones
01/29
 

9:24 ET -- Caterpillar's power and energy division will continue to drive business in the coming year. "Robust backlog growth in the fourth quarter was driven by continued momentum in both power generation and oil and gas," CEO Joe Creed says Thursday on a call with analysts. "We anticipate growth in power generation for both Caterpillar's reciprocating engines and solar turbines, driven by increasing energy demand to support data-center buildout related to cloud computing and generative artificial intelligence." He notes that the company is also starting to see orders for prime power trend higher, as data-center customers look for alternative power solutions to keep pace with their growth. (connor.hart@wsj.com)

 

(END) Dow Jones Newswires

January 29, 2026 09:24 ET (14:24 GMT)

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