Baker Hughes Gains as New Data Center Power Deal Highlights Growth Opportunity

Baker Hughes (BKR) is up 4.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is Baker Hughes’ newly announced multi-year agreement with Kodiak Gas Services, which expands the company’s exposure to fast-growing power demand tied to U.S. data centers. Investors may also be reacting to the way this deal reinforces management’s broader strategy of turning data center-related power equipment into a meaningful growth driver.

Details:

Baker Hughes and Kodiak announced a multi-year strategic agreement on July 8 centered on gas turbine power generation for U.S. energy infrastructure projects.

The framework covers up to 1.8 gigawatts of power generation capacity, with an initial major award tied to about 1 gigawatt of turbines and generators planned for delivery by 2030.

The equipment is intended for behind-the-meter power solutions in markets where electricity demand is rising and grid constraints are making flexible generation more valuable.

Baker Hughes had already identified data centers as an important growth lane, noting in its annual report that data center orders rose sharply in 2025 and that it expects further order growth through 2027.

Sources:

Baker Hughes, Baker Hughes Annual Report

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BKR Insider Trading Activity

$BKR insiders have traded $BKR stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.

Here’s a breakdown of recent trading of $BKR stock by insiders over the last 6 months:

LORENZO SIMONELLI (Chairman, President and CEO) has made 0 purchases and 4 sales selling 908,009 shares for an estimated $54,783,457.
MARIA C BORRAS (Chief Growth & Experience Ofcr) has made 0 purchases and 2 sales selling 115,060 shares for an estimated $6,519,891.
AHMED FARHAN MOGHAL (EVP, Chief Financial Officer) has made 0 purchases and 3 sales selling 41,494 shares for an estimated $2,566,854.
JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) has made 0 purchases and 3 sales selling 38,085 shares for an estimated $2,357,101.
MARIA GEORGIA MAGNO (Chief Legal Officer) has made 0 purchases and 2 sales selling 24,213 shares for an estimated $1,430,876.
WILLIAM G BEATTIE sold 18,023 shares for an estimated $1,032,537
REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 3 sales selling 7,916 shares for an estimated $484,949.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$BKR Hedge Fund Activity

We have seen 571 institutional investors add shares of $BKR stock to their portfolio, and 383 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CARDANO RISK MANAGEMENT B.V. removed 45,601,258 shares (-92.4%) from their portfolio in Q1 2026, for an estimated $2,783,956,800
CAPITAL INTERNATIONAL INVESTORS removed 13,805,733 shares (-86.6%) from their portfolio in Q1 2026, for an estimated $842,839,999
FIL LTD removed 7,022,919 shares (-58.1%) from their portfolio in Q1 2026, for an estimated $428,749,204
DODGE & COX removed 4,887,880 shares (-12.0%) from their portfolio in Q1 2026, for an estimated $298,405,074
ARTISAN PARTNERS LIMITED PARTNERSHIP removed 4,551,711 shares (-26.9%) from their portfolio in Q1 2026, for an estimated $277,881,956
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 4,250,378 shares (-99.7%) from their portfolio in Q1 2026, for an estimated $259,485,576
BLACKROCK, INC. added 3,990,210 shares (+4.3%) to their portfolio in Q1 2026, for an estimated $243,602,320

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BKR Congressional Stock Trading

Members of Congress have traded $BKR stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $BKR stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$BKR Analyst Ratings

Wall Street analysts have issued reports on $BKR in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/27/2026
Stifel issued a "Buy" rating on 01/21/2026

To track analyst ratings and price targets for $BKR, check out Quiver Quantitative's $BKR forecast page.

$BKR Price Targets

Multiple analysts have issued price targets for $BKR recently. We have seen 13 analysts offer price targets for $BKR in the last 6 months, with a median target of $74.0.

Here are some recent targets:

Charles Minervino from Susquehanna set a target price of $70.0 on 07/08/2026
Marc Bianchi from TD Cowen set a target price of $77.0 on 07/02/2026
Scott Gruber from Citigroup set a target price of $74.0 on 06/03/2026
David Anderson from Barclays set a target price of $74.0 on 05/08/2026
Stephen Gengaro from Stifel set a target price of $74.0 on 04/27/2026
James West from Evercore ISI Group set a target price of $76.0 on 04/27/2026
Keith Mackey from RBC Capital set a target price of $71.0 on 04/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.