Hydrogen turbine deployment depends partly on supply chains transiting the Strait of Hormuz, particularly hydrogen-ready turbines bound for Saudi and UAE projects. Post 011 frames Baker Hughes' Chart acquisition as a geographic hedge against future Hormuz disruption.
Energy services stocks SLB and Baker Hughes have beaten Big Tech by 30% year-to-date despite Q1 headwinds from Red Sea logistics disruptions, while Baker Hughes's hydrogen turbomachinery acquisition repositions both players for the energy transition.
Hydrogen turbine deployment depends partly on supply chains transiting the Strait of Hormuz, particularly hydrogen-ready turbines bound for Saudi and UAE projects. Post 011 frames Baker Hughes' Chart acquisition as a geographic hedge against future Hormuz disruption.
Energy services stocks SLB and Baker Hughes have beaten Big Tech by 30% year-to-date despite Q1 headwinds from Red Sea logistics disruptions, while Baker Hughes's hydrogen turbomachinery acquisition repositions both players for the energy transition.