Baker Hughes' NovaLT Gas Turbines To Power Data Centers Amid Growing AI Demand
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Baker Hughes Contract: Baker Hughes Company has secured a contract with TURBINE-X Energy Inc. to supply its NovaLT gas turbine technology for data center projects across North America, addressing the rising power demands driven by generative AI.
Recent Developments: The company is also collaborating with Frontier Infrastructure on carbon capture and storage solutions and exploring geothermal energy opportunities with the U.S. Air Force and Department of Defense.
Analyst Views on IEZ
Wall Street analysts forecast IEZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IEZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
