Baker Hughes Expects Non-LNG Gas Technology Equipment Orders This Year To More Than Double Levels Booked In 2023
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes anticipates a significant increase in non-LNG gas technology equipment orders, expecting them to more than double compared to 2023 levels.
October 23, 2024 | 1:53 pm
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Baker Hughes projects a substantial rise in non-LNG gas technology equipment orders, with expectations to more than double the 2023 levels. This indicates strong demand and potential revenue growth.
The forecasted increase in non-LNG gas technology equipment orders suggests a strong demand for Baker Hughes' products, which could lead to significant revenue growth. This positive outlook is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100