Baker Hughes (BKR) has completed its acquisition of Chart Industries and created a dedicated Chart segment led by veteran executive Jim Apostolides, a move that reshapes the company’s industrial and energy technology footprint.

Baker Hughes shares have eased in recent weeks, with the stock down over the past month and quarter. However, the year to date share price return of 16.99% and 1 year total shareholder return of 40.78% indicate that momentum has cooled rather than reversed.

If this acquisition has you thinking about where the next opportunities might come from across energy infrastructure and power, it could be worth scanning 33 power grid technology and infrastructure stocks

The Chart deal leaves Baker Hughes trading at what appears to be a meaningful discount to both analyst targets and some intrinsic estimates. This raises the question of whether the market is rightly cautious about integration risk or mispricing the new earnings mix.

Most Popular Narrative: 22.6% Undervalued

The most followed narrative on Baker Hughes pegs fair value around $71.24 versus the recent $55.15 close. It frames the Chart acquisition inside a broader earnings and energy technology story that extends well beyond a single deal.

The company's strong momentum in securing large-scale service contracts, framework agreements, and technology-driven orders (such as for data centers, LNG, CCS, and recurring gas tech services) is driving an all-time high IET backlog, building strong visibility into future revenue and supporting sustained earnings durability.

Curious what sits behind that fair value gap for Baker Hughes? The narrative focuses on steady top line growth, resilient margins, and a richer mix of energy technology earnings. The central question is how much investors might pay for those future profits versus current multiples. The full breakdown walks through the assumptions line by line so you can test whether that story stacks up.

Result: Fair Value of $71.24 (UNDERVALUED)

However, that fair value story for Baker Hughes could be knocked off course if trade tariffs further squeeze equipment costs or if oil and gas spending weakens more than expected.

Next Steps

If this Baker Hughes story leaves you encouraged but still uncertain, act promptly and review the data yourself so you can pressure test every assumption and carefully evaluate the 5 key rewards

Looking for more Baker Hughes style investment ideas?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.