5 Best Geothermal Stocks to Buy Now

4. Baker Hughes Company (NASDAQ:BKR)

On April 26, 2026, Jefferies raised its price target on Baker Hughes Company (NASDAQ:BKR) to $80 from $67 and maintained a Buy rating following the company’s Q1 report. The firm said the earnings call reinforced a “constructive” long-cycle outlook and noted that rising energy security priorities could benefit Baker Hughes.

On April 24, 2026, Baker Hughes reported Q1 adjusted EPS of 58c, above the 49c consensus, revenue of $6.59B versus $6.33B consensus, and orders of $8.16B. Lorenzo Simonelli said the company delivered exceptional first-quarter results despite disruptions in the Middle East, adding that execution across the portfolio helped results exceed guidance.

Earlier in the month, Piper Sandler raised its price target on Baker Hughes Company (NASDAQ:BKR) to $64 from $61 and maintained an Overweight rating. The firm said oilfield services stocks have recently traded in line with swings in oil prices tied to the U.S./Israel-Iran conflict, while investors are also watching whether U.S. land activity can sustain momentum. Piper said management teams are likely to focus on controllable factors while positioning for longer-term growth.

Baker Hughes Company (NASDAQ:BKR) provides technologies and services across the energy and industrial value chain, including oilfield equipment and services for onshore and offshore operations.