Ritholtz Wealth Management, among other firms, has trimmed its stock holdings in
Baker Hughes Company (BKR). Despite an anticipated
decline in Q3 earnings, voices from the industry, like Josh Brown, still see Baker Hughes as one of the best energy stocks due to contracts, executive changes and vast share purchases by various companies. Recently, Ganesh Ramaswamy's resignation has led to executive changes, causing speculation about the company's future outlook. Simultaneously, Baker Hughes has secured a
major contract with Sempra Infrastructure for the provision of liquefaction equipment in Texas. The company also sealed a $13.6B acquisition deal with Chart shareholders, and continues to expand its LNG and energy infrastructure bets despite negative impacts from Trump's tariffs. On the market front, Baker Hughes' recent 7.7% stock slide is seen as a potential opportunity for investors projecting growth till 2025. With recent developments in subsea technologies,
Baker Hughes secured a strategic contract with Petrobras for Brazil's major fields. However, the company's stock has been demonstrating volatility, hitting a 52-week high followed by a slight fall, linked to downturns in oil prices.
Baker Hughes Company BKR News Analytics from Tue, 29 Apr 2025 07:00:00 GMT to Sat, 18 Oct 2025 11:33:10 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -2
