Investor activity in the
Baker Hughes Company (BKR) has seen a series of mixed movements, with multiple institutions reducing, increasing or initiating their position in the company. Some major entities, like
Amundi,
Encompass Capital Advisors LLC, and
Vident Advisory LLC have reduced their stakes in BKR, whilst others such as
AllianceBernstein L.P. and
Point72 Europe London LLP increased their holdings. The company recently won a
geothermal equipment contract with Fervo Energy and secured an award to supply for Fervo Energy's Utah geothermal project.
Jim Cramer has highlighted BKR’s positive Q2 results, stating the company had a good quarter. However, there appears to be some concern around the company's use of debt, despite the fact it has returned
208% to its investors in past five years.
JV partnerships and strategic
acquisitions like Chart Industries and the CDC further signal a transformation in the company. However, the company’s stock fell this week due to downturns in oil prices, and it has faced a rating downgrade due to certain investment risks.
Baker Hughes Company BKR News Analytics from Sun, 26 Jan 2025 08:00:00 GMT to Sat, 06 Sep 2025 12:39:50 GMT -
Rating 2
- Innovation -4
- Information 8
- Rumor -7
