Baker Hughes secures 16 power units and values Baker Hughes stock at USD 55.6 billion

Published on 10/22/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deliveries run through 2034, with orders due by year-end. Baker Hughes stock costs EUR 50.07 on October 22, 2026, with USD 55.6 billion in market value.

Power framework and upcoming results

Baker Hughes announced the 16-unit framework on October 15, 2026.
RBC cut its target from USD 76.00 to USD 71.00 on October 19, 2026.
Baker Hughes stock trades at EUR 50.07 at 12:04 p.m. CEST at Lang & Schwarz on October 22, 2026.
Third-quarter results are scheduled for October 27, 2026, with the webcast on October 28, 2026.

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Baker Hughes Company (ISIN US05722G1004) was trading at EUR 50.07 at Lang & Schwarz on October 22, 2026 at 12:04 p.m. CEST. The energy technology company announced on October 15, 2026, a framework with Venture Global and GE Vernova covering up to 16 power island units, according to Baker Hughes.

Sixteen units extend the power strategy

The agreement covers gas turbines, steam turbines, associated equipment and services, plus controls and electrical integration technology for each power island. Deliveries are scheduled from 2028 through 2034, giving Baker Hughes a potential multiyear equipment and services pipeline tied to LNG infrastructure and possible adjacent data center projects.

Venture Global expects to place the first power island purchase order by the end of 2026, with additional orders anticipated from 2027. The framework therefore sets a timetable rather than a booked order value, a distinction that matters for investors assessing near-term revenue conversion.

What does the framework mean for growth?

Baker Hughes operates across oilfield services and equipment and industrial and energy technology. Its finance profile lists a market capitalization of USD 55.6 billion, while the primary Nasdaq quotation closed at USD 56.00 on October 21, 2026, according to the dated market context available for the company. The same quote showed a 52-week range of USD 44.26 to USD 70.41.

Analyst expectations have also shifted. MarketScreener reported on October 19, 2026, that RBC cut its Baker Hughes target from USD 76.00 to USD 71.00 while keeping an Outperform rating. A lower target alongside a long-dated power framework leaves the next earnings release as the nearer test of execution.

Results arrive on October 27

Baker Hughes will publish third-quarter 2026 results on October 27, 2026, at 5:00 p.m. ET, followed by a webcast on October 28, 2026, at 9:30 a.m. ET, according to Baker Hughes. Revenue conversion from the power program and the company outlook will be central to that update.

Stock price and investor reference

The euro quotation stood at EUR 50.07 at Lang & Schwarz on October 22, 2026 at 12:04 p.m. CEST. The primary Nasdaq reference closed at USD 56.00 on October 21, 2026, while Baker Hughes had a USD 55.6 billion market capitalization and a USD 44.26 to USD 70.41 52-week range.

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