Baker Hughes (BKR, Financial) has secured a significant contract from Frontier Infrastructure Holdings, a company backed by Tailwater Capital LLC. This agreement involves providing 16 NovaLT gas turbines designed to support data center developments in Wyoming and Texas, collectively offering up to 270 megawatts of dependable and efficient power.
The deal encompasses Baker Hughes delivering its NovaLT turbine technology alongside related equipment, such as gears and Brush Power Generation four-pole generators. These installations will supply energy to dedicated energy islands at Frontier's power generation locations, which operate independently of the primary electricity grid.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Baker Hughes Co (BKR, Financial) is $47.24 with a high estimate of $56.00 and a low estimate of $40.00. The average target implies an upside of 28.78% from the current price of $36.68. More detailed estimate data can be found on the Baker Hughes Co (BKR) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Baker Hughes Co's (BKR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Baker Hughes Co (BKR, Financial) in one year is $37.45, suggesting a upside of 2.1% from the current price of $36.68. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Baker Hughes Co (BKR) Summary page.
