Baker Hughes expands Le Creusot site and Goldman targets Baker Hughes stock at USD 71.00

Goldman Sachs kept a Buy rating and set a USD 71.00 target on October 9, 2026. Baker Hughes stock costs EUR 50.68 on October 12, 2026.

Baker Hughes stock was at EUR 50.68 at Lang & Schwarz on October 12, 2026 at 11:40 a.m. CEST. Baker Hughes unveiled the expansion of its Le Creusot facility on October 9, 2026, while Goldman Sachs maintained a Buy rating and set a USD 71.00 price target, as Markets Insider reported.

Le Creusot capacity doubles

According to Baker Hughes on October 9, 2026, the upgraded site in France is designed to double production capacity for zero-emission integrated compression line technology. The project adds variable-speed drive systems, upgraded testing positions, a low-speed balancing machine, a furnace and a machining center.

The investment gives the company a tangible industrial milestone as it integrates energy technology with lower-emission applications. It also broadens the operating base beyond conventional oilfield services, although the release describes the expansion as a manufacturing and testing upgrade rather than a quantified revenue commitment.

Orders set the financial context

In the second quarter of 2026, Baker Hughes generated USD 6.742 billion in revenue and USD 682.0 million in consolidated net income, according to Financial Report Insights. The same period produced USD 10.501 billion of orders, up 49.30 percent from USD 7.032 billion a year earlier, making order conversion the central financial counterweight to the lower revenue base.

The Industrial and Energy Technology segment accounted for USD 7.088 billion of second-quarter orders, up 101.00 percent year over year, while the company's operating cash flow reached USD 1.345 billion. These figures point to a business where project timing and backlog conversion matter as much as quarterly revenue growth.

What comes next for Baker Hughes?

Baker Hughes said on September 28, 2026, that it will release third-quarter results on October 27, 2026 at 5:00 p.m. ET and hold its webcast on October 28, 2026 at 9:30 a.m. ET. The next report will show whether the order momentum visible in the second quarter is translating into revenue and margins after the Le Creusot expansion announcement.

Three dated operating milestones

On July 27, 2026, second-quarter orders reached USD 10.501 billion, according to Financial Report Insights. On September 28, 2026, Baker Hughes scheduled its third-quarter release for 5:00 p.m. ET. On October 9, 2026, the company unveiled a facility expansion intended to double zero-emission compression capacity, according to Baker Hughes.

Price and market position

The Baker Hughes price was EUR 50.68 at Lang & Schwarz on October 12, 2026 at 11:40 a.m. CEST. The primary listing is NASDAQ under ticker BKR, where the last available quote was USD 56.70 on October 9, 2026; market capitalization was USD 56.3 billion, with a 52-week range of USD 43.92 to USD 70.41.

The euro quote gives German investors a direct intraday reference, while the US listing provides the deeper company-specific market context. The next dated catalyst is the October 27 results release, which will test whether the USD 10.501 billion second-quarter order figure can support the revenue trajectory.

The further course of trading is shown by the continuously updated real-time quote of Baker Hughes stock.

Baker Hughes stock facts

• Company: Baker Hughes Company
• ISIN: US05722G1004
• Ticker: BKR
• Primary exchange: NASDAQ
• Price Lang & Schwarz as of October 12, 2026 at 11:40 a.m. CEST: EUR 50.68
• Market capitalization: USD 56.3 billion as of October 9, 2026
• 52-week range: USD 43.92-70.41 as of October 9, 2026
• Sector / Industry: Energy / Oil and Gas Equipment and Services
• Next earnings date: October 27, 2026

Market context: Market report Nasdaq Composite.

More news and analyses on Baker Hughes stock