Baker Hughes BKR has teamed up with Air Products APD for developing next-generation hydrogen compression. This is likely to lower production costs. It will also fast-track the acceptability of hydrogen as a zero-carbon fuel.
With the collaboration, Baker Hughes is expected to provide advanced hydrogen compression and gas turbine technology to Air Products for key projects across the world.
Baker Hughes is a world-class player in advanced hydrogen compression and gas turbine technology, which convinced Air Products to collaborate with the Houston, TX-based company. The production costs of hydrogen are likely to get lowered drastically when the transformative hydrogen compression and gas turbine technology will get employed. This will probably help Air Products — the largest producer of hydrogen in the world — to produce economically viable blue and green hydrogen, and will thus create a net-zero future.
Baker Hughes Company Price
Baker Hughes Company price | Baker Hughes Company Quote
Currently, Baker Hughes carries a Zacks Rank #3 (Hold), while Air Products has a Zacks Rank #2 (Buy). Meanwhile, two better-ranked players in the energy space are Whiting Petroleum Corporation WLL and Oasis Petroleum Inc. OAS. Both companies currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Whiting Petroleum has witnessed upward earnings estimate revisions for 2021 in the past 30 days.
Oasis Petroleum has witnessed upward earnings estimate revisions for 2021 in the past 30 days.
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Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
Baker Hughes Company (BKR) : Free Stock Analysis Report
Oasis Petroleum Inc. (OAS) : Free Stock Analysis Report
Whiting Petroleum Corporation (WLL) : Free Stock Analysis Report
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