Baker Hughes Company (BKR) Fell on Downturn in Oil Prices

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks rebounded in the second quarter, delivering a strong recovery. The Russell Midcap Growth Index (up 18.20%) outperformed the Russell Midcap® Value Index (up 5.34%) in the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted stocks such as Baker Hughes Company (NASDAQ:BKR. Baker Hughes Company (NASDAQ:BKR) offers technologies and services to the energy and industrial value chain globally. The one-month return of Baker Hughes Company (NASDAQ:BKR) was 4.44%, and its shares gained 33.18% of their value over the last 52 weeks. On September 02, 2025, Baker Hughes Company (NASDAQ:BKR) stock closed at $45.36 per share, with a market capitalization of $44.719 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Baker Hughes Company (NASDAQ:BKR) in its second quarter 2025 investor letter:

"Baker Hughes Company (NASDAQ:BKR) is a diversified energy technology and equipment company. Shares declined on concerns about what the recent downturn in oil prices would mean for global upstream activity going forward. Despite this, Baker Hughes continues to see healthy order trends within its Industrial & Energy Technology segment, as the company is experiencing a notable uptick in demand for its power-generation solutions. The company also remains well-positioned to capitalize on the continued buildout of liquefied natural gas (LNG) infrastructure across the globe."

Baker Hughes Company (NASDAQ:BKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 47 hedge fund portfolios held Baker Hughes Company (NASDAQ:BKR) at the end of the second quarter, which was 50 in the previous quarter. In the second quarter of 2025, Baker Hughes Company’s (NASDAQ:BKR) adjusted EBITDA rose 7% year-over-year to $1.21 billion despite decreasing revenue. While we acknowledge the potential of Baker Hughes Company (NASDAQ:BKR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Baker Hughes Company (NASDAQ:BKR) and shared Artisan Mid Cap Fund's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.