On July 29, Baker Hughes rose 3.02% in regular trading, trading at $59.87/share, with turnover of $15.82 million. The stock was driven higher after Dynamis Power Solutions announced a major power generation equipment order.

Under the order, Baker Hughes will supply NovaLT industrial gas turbines packaged with generators, gearboxes, and control systems to support Dynamis Power Solutions' DT17 platform serving data center and oil & gas applications. The award extends the company's strong momentum in the AI power generation space, following its recent multi-year gas turbine supply agreement with Kodiak Gas Services targeting up to 1.8 gigawatts of data center capacity, a Venture Global LNG liquefaction services order for the CP2 expansion project, and three contracts for the Sabine Pass LNG Expansion project.

The broader oil services sector rallied in tandem, with TechnipFMC up 3.04%, SLB up 1.99%, and Halliburton up 1.79%. Baker Hughes reported Q2 adjusted EPS of $0.64 on July 27, beating estimates of $0.50 by 28%, while IET segment orders hit a record $7.1 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)