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You want to know what could send Caterpillar (CAT) stock higher again. For one part of Caterpillar, buyers are not the problem. Some customers of its Power & Energy business are already placing orders as far out as 2030. That business—formerly Energy & Transportation, now Power & Energy—was Caterpillar's largest segment by revenue in fiscal 2025, so how fast it fills those orders is critical to the company's performance. So what is Caterpillar building to fill them.

A number of stocks fell in the afternoon session after the 10-year Treasury yield jumped to 5.14%, reaching levels last seen in 2007 and raising borrowing costs across the economy. U.S. stocks fell early Thursday, according to the Associated Press, as surging Treasury yields and rebounding energy prices weighed on financial markets.

Caterpillar (CAT) stock returned 74% in the twelve months to September 23, 2026. A $10,000 holding at the start was worth about $17,350 at the end. The run turned out to be about customers buying more, led by power equipment for data centers. Caterpillar's own sales, though, were still falling when the run began. You would have needed a public sign that Caterpillar's demand was turning before its sales did.

Terex (TEX) is set to present at Morgan Stanley's 14th Annual Laguna Conference on September 15, 2026, an investor-focused event that highlights recent share performance and valuation metrics. Recent trading tells a mixed story for Terex. The 1 day share price return of 2.00% comes after a 30 day share price return that is down 11.19% and a 90 day share price return that is down 14.36%. At the same time, the 1 year total shareholder return of 14.94% and 5 year total shareholder return of...

Caterpillar (CAT) delivered the biggest quarter in its history, with a $72 billion order book behind it—59% of which it expects to ship over the next twelve months. The stock has gained 82.8% on a price basis over the past twelve months against 15.6% for the S&P 500, and still sits about 25% below its 52-week high. Neither the record nor the backlog is the number to watch. That would be the roughly $2.2 billion of tariff costs, before the second-quarter recoveries, that Caterpillar expects to ca

Caterpillar (CAT) trades around $780. The market puts roughly a two-in-three chance that the stock finishes somewhere between about $525 and about $1,170 a year from now. That is not a forecast of direction. It is the size of the swing a holder is already carrying, and Caterpillar's own record says it is no exaggeration.

Caterpillar (CAT) has fallen about 26% from its 52-week high, and the argument has narrowed to two questions: does construction demand slow, and do data center orders last. Underneath both sits an order book of $72 billion, close to the $74.7 billion of revenue it generated over the trailing twelve months. What is inside that backlog is the case for looking again.

Caterpillar (CAT) has nearly doubled over the past year, and it trades near $820 a share, about 36 times its last twelve months of adjusted earnings. That is normalized net income with stock-based compensation added back, meant to sit closer to the basis analysts use than a GAAP figure would, though the two are not defined identically. The multiple is steep for a maker of construction equipment and engines. It reads differently against the earnings analysts expect.

Caterpillar (CAT) stock returned 94% over the past twelve months, against 17.9% for the S&P 500, and its second quarter of 2026 was the first in company history above $20 billion of sales and revenues. One risk to that run is a quiet one. Caterpillar is adding factory capacity with data center power as a big driver, and analysts are asking whether that demand has staying power through 2030.

Caterpillar (CAT) has almost doubled over the past year, gaining 96.3% while the S&P 500 returned 19.1%. Deere and Cummins each gained about 43%. The broader machinery cycle carried Caterpillar part of the way, but enthusiasm around power generation drove the premium. The gap to the stock's 52-week high is what a buyer now has to price against those expectations.

Caterpillar's stock is the undisputed champion of its group, but its business performance isn't. The market is betting on a future that hasn't fully arrived.