CAT | Weekly | Haru Insights

Caterpillar’s central role in Chevron’s Project Kilby—a landmark 2.7-gigawatt, 20-year natural gas power deal with Microsoft to fuel an AI data center in West Texas—cements CAT’s Solar Turbines as a mission-critical enabler of the AI infrastructure boom, marking a historic shift in the company’s strategic positioning.
The confirmation of projected lead times extending to 2029 for CAT’s core reciprocating engines and turbines reveals entrenched supply constraints, signaling sustained, high-demand conditions and transforming CAT from a cyclical industrial player into a long-term infrastructure cornerstone.

CAT is now the unseen power backbone of the AI revolution, with its energy segment evolving into a high-margin, scalable engine driven by unshakable demand from tech giants and energy leaders—no longer just machinery, but mission-critical digital infrastructure.
The forecast tripling of power and energy segment sales by 2030 redefines CAT’s growth narrative from industrial cyclical to long-term infrastructure dominance, placing it at the heart of global energy transition and digital expansion.
The $63 billion backlog, secured through multi-year deals with global tech and energy titans, offers decades of revenue visibility and proves structural demand is not a fleeting trend but a permanent shift in industrial capitalism.
The successful in-motion charging trial on the Cat 793 XE Early Learner positions CAT as a green mining pioneer, setting an industry benchmark for electrified heavy equipment and securing a leadership edge in sustainable infrastructure.
Inclusion in the Russell Top 50 Index legitimizes CAT’s ascent to mega-cap growth status—no longer just a cyclical industrial name, but a foundational pillar of the global industrial renaissance.

Caterpillar Inc. (CAT)[Tv]