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Baker Hughes (BKR) Maintains Outperform Rating Amid Hydrogen and LNG Project Wins
Yahoo Finance· 2026-01-02 15:50
Group 1 - Baker Hughes Company (NASDAQ:BKR) is recognized as one of the top hydrogen and fuel cell stocks to invest in for 2026, with BMO Capital maintaining an Outperform rating and a price target of $55 [1] - The company is expected to achieve a full-year free cash flow conversion rate of approximately 45–46%, with EBITDA projected at $1,011 million [2] - Baker Hughes has secured a contract from Technip Energies to provide primary liquefaction equipment for a 9.5 million tonnes annual export facility in Cameron, Louisiana, which includes six refrigerant turbo compressors and various services [3] Group 2 - Baker Hughes is an energy technology company focused on developing technologies for the entire hydrogen value chain, offering products such as hydrogen-enabled turbines, compressors, valves, and monitoring systems [4]