Jefferies Financial Group reduces its holdings in
Baker Hughes, while U.S. drillers cut oil and gas rigs to their lowest quantity since November 2021, according to Baker Hughes. On a positive note, Baker Hughes secured a 270 MW power contract for U.S. data centres. Moreover, they are set to expand their Power and AI Ventures with new deals expected to materialize in 2025 and extend their joint venture with C3 AI through 2028. Notably,
Baker Hughes reported a decresase in U.S. Rig count. Interestingly, Baker Hughes is deemed undervalued by 31% despite multiple financial institutions reducing or selling their shares in Baker Hughes. However, on the acquisition front, several investors, including Ananym Capital Management LP, Vise Technologies Inc., and Lansforsakringar Fondforvaltning AB publ, have purchased Baker Hughes shares. Furthermore, Baker Hughes has also announced its first-quarter results for 2025 and expanded its joint venture with C3 AI in addition to securing a gas turbine contract. The company's Q1 earnings have outpaced estimates although revenues missed their target. Importantly, the company's CEO Compensation has been deemed appropriate, launching a trio of electrification technologies for onshore and offshore operations.
Baker Hughes Company BKR News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Sat, 31 May 2025 20:32:00 GMT -
Rating 5
- Innovation 5
- Information 8
- Rumor -3
