Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Equinor ASA is making a deeper push into the U.S. power market through an agreement to acquire 87.71% of the Class A shares in Pennsylvania’s 1,483 MW Lackawanna Energy Center for $940 million, subject to a potential closing adjustment.</li><li>The gas-fired combined-cycle plant, developed and operated by Invenergy, produces close to 9 TWh of net electricity annually and sits inside PJM, the largest U.S. wholesale electricity market.</li><li>The deal would give Equinor preferred dividend rights, continued operating support from Invenergy, and exposure to a market where electricity demand is rising on data centers, electrification, and industrial activity.</li></ul>

Equinor ASA is making a deeper push into the U.S. power market through an agreement to acquire 87.71% of the Class A shares in Pennsylvania’s 1,483 MW Lackawanna Energy Center for $940 million, subject to a potential closing adjustment.The gas-fired combined-cycle plant, developed and operated by Invenergy, produces close to 9 TWh of net electricity annually and sits inside PJM, the largest U.S. wholesale electricity market.The deal would give Equinor preferred dividend rights, continued operating support from Invenergy, and exposure to a market where electricity demand is rising on data centers, electrification, and industrial activity.

Equinor Acquisition Strategy: How Lackawanna Could Unlock New Synergies!

<ul><li>The second quarter results from Equinor ASA illustrate a mixed but overall resilient operational and financial performance in a complex energy market characterized by geopolitical uncertainty and price volatility.</li><li>Production increased by 3% quarter-over-quarter to 2.165 million barrels per day driven primarily by new fields such as IREN and Symra, as well as growth on the Norwegian continental shelf (NCS).</li><li>The company reports an encouraging year-to-date production growth of 6%, aligning with its guidance of 3% growth for the full year despite operational challenges like the temporary shutdown at Johan Castberg and planned maintenance activities.</li></ul>

The second quarter results from Equinor ASA illustrate a mixed but overall resilient operational and financial performance in a complex energy market characterized by geopolitical uncertainty and price volatility.Production increased by 3% quarter-over-quarter to 2.165 million barrels per day driven primarily by new fields such as IREN and Symra, as well as growth on the Norwegian continental shelf (NCS).The company reports an encouraging year-to-date production growth of 6%, aligning with its guidance of 3% growth for the full year despite operational challenges like the temporary shutdown at Johan Castberg and planned maintenance activities.

Equinor ASA’s 6% Production Surge — Can The Momentum Survive Johan Sverdrup’s Decline?

<ul><li>Equinor ASA reported its first-quarter results against a backdrop of continued energy market volatility due to geopolitical conflicts, notably the war in the Middle East.</li><li>The company achieved a record high production of more than 2.3 million barrels per day, marking a 9% increase compared to the same quarter in the previous year.</li><li>This production growth was driven by high operational regularity and the ramp-up of new fields on the Norwegian Continental Shelf (NCS), as well as record output in the U.S. The company remains on track to deliver its full-year production growth guidance of approximately 3%.</li></ul>

Equinor ASA reported its first-quarter results against a backdrop of continued energy market volatility due to geopolitical conflicts, notably the war in the Middle East.The company achieved a record high production of more than 2.3 million barrels per day, marking a 9% increase compared to the same quarter in the previous year.This production growth was driven by high operational regularity and the ramp-up of new fields on the Norwegian Continental Shelf (NCS), as well as record output in the U.S. The company remains on track to deliver its full-year production growth guidance of approximately 3%.

Equinor’s Record 2.3 Million Barrel Output: Can Production Momentum Hold?

<ul><li>Equinor ASA has triggered a fresh round of debate across energy markets after halving its stake in Scatec ASA, a move widely interpreted as a pullback from renewables.</li><li>However, a closer examination of the transaction and broader strategic context suggests a more nuanced shift—one rooted not in abandoning clean energy, but in recalibrating capital allocation amid higher interest rates, rising execution risks, and increasing policy sensitivity.</li><li>The company sold an 8.07% stake for approximately NOK 1.61 billion (~$170 million), reducing its holding from over 16% to around 8%, with demand reportedly exceeding 90 institutional orders.</li></ul>

Equinor ASA has triggered a fresh round of debate across energy markets after halving its stake in Scatec ASA, a move widely interpreted as a pullback from renewables.However, a closer examination of the transaction and broader strategic context suggests a more nuanced shift—one rooted not in abandoning clean energy, but in recalibrating capital allocation amid higher interest rates, rising execution risks, and increasing policy sensitivity.The company sold an 8.07% stake for approximately NOK 1.61 billion (~$170 million), reducing its holding from over 16% to around 8%, with demand reportedly exceeding 90 institutional orders.

Equinor’s Capital Reset: Why It’s Repricing Renewables—Not Retreating From Them!

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>WTI fell 4.2% in the week ending 28/Aug despite U.S. sanctions on Iran, as recovering oil flows through the Strait of Hormuz eased the geopolitical premium.</li>
<li>Energy ETFs mostly fell with WTI, but clean energy held up, showing investors treated the sanctions-driven selloff as a short-term event risk.</li>
<li>Equinor marks a firm shift back to oil and gas, but its power strategy and state ownership still leave capital allocation questions unresolved.</li>
</ul>


WTI fell 4.2% in the week ending 28/Aug despite U.S. sanctions on Iran, as recovering oil flows through the Strait of Hormuz eased the geopolitical premium.
Energy ETFs mostly fell with WTI, but clean energy held up, showing investors treated the sanctions-driven selloff as a short-term event risk.
Equinor marks a firm shift back to oil and gas, but its power strategy and state ownership still leave capital allocation questions unresolved.


Energy Weekly (W/E 28/Aug): WTI Slid on Sanctions, Hormuz Reignites, Equinor Bets on Hydrocarbons

Norway

Equinor ASA operates as an energy company. The Company develops oil, gas, wind, and solar energy projects, as well as focuses on offshore operations and exploration services. Equinor serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Equinor ASA (EQNR US)

Equinor Acquisition Strategy: How Lackawanna Could Unlock New Synergies!

Equinor ASA is making a deeper push into the U.S. power market through an agreement to acquire 87.71% of the Class A shares in Pennsylvania’s...

Baptista Research

Equinor ASA’s 6% Production Surge — Can The Momentum Survive Johan Sverdrup’s Decline?

The second quarter results from Equinor ASA illustrate a mixed but overall resilient operational and financial performance in a complex energy...

Baptista Research

Equinor’s Record 2.3 Million Barrel Output: Can Production Momentum Hold?

Equinor ASA reported its first-quarter results against a backdrop of continued energy market volatility due to geopolitical conflicts, notably the...

Baptista Research

Equinor’s Capital Reset: Why It’s Repricing Renewables—Not Retreating From Them!

Equinor ASA has triggered a fresh round of debate across energy markets after halving its stake in Scatec ASA, a move widely interpreted as a...

Baptista Research

Energy Weekly (W/E 28/Aug): WTI Slid on Sanctions, Hormuz Reignites, Equinor Bets on Hydrocarbons

WTI reversed a slide from last week as Hormuz tensions resurfaced over the weekend, energy equities diverged, and Equinor doubled down on oil and...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)