LNG liquefaction trains
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Baker Hughes CEO Lorenzo Simonelli on the state of energy
CNBC Televisionยท 2025-09-12 16:53
Baker Hughes' Technology and Market Position - Baker Hughes showcases its LM9000 turbine, highlighting its efficiency and suitability for power generation and LNG liquefaction [2] - The company is a key technology provider in the LNG sector, offering liquefaction trains that can be powered by natural gas or electricity [5] - Baker Hughes leverages the core of GE90 airplane engines (from GE Aerospace) for its liquefaction trains, industrializing it for continuous operation in LNG facilities [6][7] Diversification and Growth Opportunities - Baker Hughes is an energy and industrial technology company with a diverse portfolio, including geothermal energy [9] - The company is involved in enhanced geothermal projects, including a project with Fervo for more than 300 megawatts [9] - Baker Hughes also provides solutions for data centers, onshore/offshore production, and gas infrastructure, including FPSOs [10] Financial Perspective and Investor Relations - Analysts' average target price for Baker Hughes' stock is just over $50, representing approximately 10% upside [11] - James West of Ever sets a high-end target price of $60 for the stock [11] - Baker Hughes emphasizes the durability of its business, aftermarket services, and focus on less cyclical areas of the energy sector, highlighting its role as an infrastructure player with a 30-year project lifecycle [12]